6 Tips for Technology Implementation

Property Casualty 360, April 20, 2014 | Steve Wiser The acquisition of new technology as an ongoing, long-term process. Approach the task strategically and gain a competitive edge. There is no way around it: Success in today’s insurance industry hinges on an insurer’s ability to seek out and successfully deploy technology. And it’s no wonder … Read more6 Tips for Technology Implementation

Achieving Success in Large, Complex Software Projects

Insurance Networking News, July 11, 2014 | Sriram Chandrasekaran, Sauri Gudlavalleti, and Sanjay Kaniyar Using cross-functional teams to break down silos improves the chances of success when building highly complicated systems. Large technology-led transformation programs are important for creating business value and building strategic capabilities across industries. With many organizations spending around 50 percent of … Read moreAchieving Success in Large, Complex Software Projects

Insurers’ IT Spending Continues to Grow

INN Breaking News, April 11, 2014 | Chris McMahon Top trends include core and legacy system transformation, data mastery, and analytics and digitization, Celent says. Insurance IT spending across North America, Europe, Latin America, and Asia-Pacific will increase to $162.1 billion this year, increasing to $176.7 in 2016, according to “IT Spending in Insurance: A … Read moreInsurers’ IT Spending Continues to Grow

Survey: 30% of Insurers Concerned About Legacy Systems’ Future

Nearly 30% of senior investment managers at global insurance companies say they are concerned about the ability of their current legacy systems to meet their future regulatory requirements, according to a recent survey by Northern Trust. The study highlights the challenges insurance companies face with complying with the Dodd-Frank Act in the U.S. and the … Read moreSurvey: 30% of Insurers Concerned About Legacy Systems’ Future

10 Characteristics of Effective Leaders

Property Casualty 360, March 18, 2014 Leadership impacts the performance of the team. Learn how strong leaders project a positive image that reinforces productivity, morale and customer relations. 1. Leadership requires effort. Being in a leadership role does not necessarily make someone a leader. Leadership is earned. Where management may control and direct people, leadership … Read more10 Characteristics of Effective Leaders

Making Policy Admin Progress

Insurance Networking News, March 1, 2014 | Carrie Burns Research shows that P&C and life insurers are moving along in their quests for modern policy administration systems. But, with more activity comes more misconceptions. An increasing number of insurers are taking on policy administration projects – projects that many in the industry say are ‘once-in-a-career’ … Read moreMaking Policy Admin Progress

Just How Old Are Each P&C Sector’s Claims System? [Infographic]

Insurance Networking News, January 21, 2014 Research indicates that claims systems and process capabilities vary widely by insurer. Among P&C insurers, claims systems and process capabilities vary widely, potentially affecting loss results, according to the “Novarica Claims Capabilities Maturity Model,” which is based on a survey of more than 90 P&C insurers. Personal lines insurers … Read moreJust How Old Are Each P&C Sector’s Claims System? [Infographic]