Insurance Networking News: Executive Strategies for Technology Management back issues from July 2009:
Insurers Jump into the e-Signature Ring; As the technical and legal merits of the technology improve, carriers are increasingly implementing to achieve true straight-through processing and a competitive advantage.(Cover Story/e-Signatures)
Jul 01, 2009 ... Byline: Daniel Joelson The Fight for acceptance for e-signatures among insurers has been a long and rocky one. Since its inception in the 1990s, a thicket of legal, technological and cultural issues have blocked the technology. Now, with these issues largely resolved, ...
Who's Buying What; Recent deals for technology software and services.(News)(technology usage in insurance sector)
Jul 01, 2009 ... Alfa Life Benefits From Underwriting Solution Montgomery, Ala.-based Alfa Life Insurance Co. has reported immediate improvements in its new business processes with the use of LifeSuite, a Web-based new business and automated underwriting system from Brookfield, Wis.-based ...
A Surgical Approach to Regulatory Reform; Expert says Congress should proceed with caution when revamping regulation of insurance industry.(The most popular content on INN's Web site - InsuranceNetworking.com)
Jul 01, 2009 ... Byline: Bill Kenealy Given the enormity of the financial crisis, a predisposition toward bold legislative action among lawmakers seems natural. Yet, a measured, surgical response that takes into account the peculiarities of insurance while recognizing its central place in the ...
CUSTOMER SERVICE: Portals Ease Issuance of Reinsurance Contracts; Arch Re is employing a Web-based system to ease the manual burden of the insurers with which it works.(Front Office - The latest on customer-facing issues that drive revenue)
Jul 01, 2009 ... Byline: Joe McKendrick It's a given that placing business with reinsurers has never been a simple matter; its complexities are the bane of many an insurer. Add the burden the underwriter faces in submitting a facultative risk, only to find that the application does ...
BUSINESS ANALYTICS: Analytics Emerge All Around the Enterprise; Insurers are finding new parts of the enterprise suitable for business analytics.(Back Office - Strategies and technologies to boost behind-the-scenes efficiencies)
Jul 01, 2009 ... Byline: Bill Kenealy If Data is indeed the lifeblood of insurance companies, one might consider analytics its hemoglobin. While long familiar to central organs such as claims and underwriting, analytics is now making its way to extremities such as marketing and auditing. But a ...
Nothing Ventured, Nothing Gained.(Commentary - Industry observations and opinion from the staff)
Jul 01, 2009; ... Byline: Carrie Burns, Senior Managing Editor Failure seems to be ever present - employers failing to retain employees, the economy failing to rebound or stabilize, car manufacturers failing to avoid bankruptcies. I can't think of anyone who enjoys failing. Yet, few seek out ...
FRONT OFFICE SOLUTIONS.(Front Office - The latest on customer-facing issues that drive revenue)
Jul 01, 2009 ... WAUSAU Launches Payment Processing Solution WAUSAU Financial Systems (WFS), a Mosinee, Wis., provider of payment and remittance processing solutions, unveiled PremiumWorks, a new solution designed to meet the needs for premium payments to the insurance industry. ...
Americans Increasingly Embrace Self-Service; Eight million Americans now opt for self-directed health plans, according to new survey.(Statistically Speaking)
Jul 01, 2009 ... Byline: Bill Kenealy Consumer-directed, or health savings account (HSA)-style plans are becoming increasingly popular, a new survey finds. The study, conducted by Washington-based health insurance association America's Health Insurance Plans (AHIP), says the number of Americans ...
Carriers Wise to Rethink the Merits of Conversion; A life/health/annuity carrier can reduce the total cost of ownership through consolidation and - in most cases - conversion.(INNSight - Exclusive commentary from Novarica)
Jul 01, 2009 ... Byline: Chad Hersh Carriers have continued to invest in core systems replacement throughout the recent economic downturn. While there has been less activity for life/health/annuity carriers than for their P&C counterparts, this is not entirely the result of the downturn. ...
Insurers Can Find Sunshine in the Cloud; Carriers willing to consider replacing legacy systems with cloud computing initiatives can reap many benefits.(Vantage Point - Guest commentary from industry sources)
Jul 01, 2009 ... Byline: Randy Rodriguez Insurance organizations continue to face myriad challenges, even as the economy shows faint glimmers of recovery. While senior insurance leaders in 2008 were often forced to make reactive decisions, 2009 may afford those same leaders with opportunities to ...
Surveying A Chaotic Regulatory Landscape; The new head of the AIA, Leigh Ann Pusey, weighs in on a bevy of legislative issues pertinent to the insurance industry.(Asked & Answered - Exclusive INN interviews with insurance thought leaders)
Jul 01, 2009 ... With various bills intending to reshape how the insurance industry is regulated now advancing in both houses of Congress, Leigh Ann Pusey stepped into the legislative equivalent of a maelstrom when she became president and CEO of the American Insurance Association in February. INN asked ...