Core Systems Summit Resource Center

Case Studies

Sapiens Customer Story: Philadelphia Insurance Companies Philadelphia was looking for a highly flexible solution that could support a very broad array of products but with a quick implementation time. The new policy administration system should provide a Point of Sale Portal based on a componentized modern architecture with a rules engine, workflow engine, and interoperable Web services enabled at each point in the policy lifecycle.

Sapiens Customer Story- Columbian Financial Group With the CFG organization experiencing rapid growth, in large part due to a series of mergers and acquisitions, they found themselves managing six different policy administration systems. With plans to continue the M&A activity while also growing premium volume by 15% per year, the complexity of the technology environment and the growing number of policy administration systems was only going to get even more challenging over time.

Camilion Solutions Customer Case Study: Cincinnati Specialty Underwriters The Cincinnati Specialty Underwriters Insurance Company, Inc. launched as a new company in January 2008. This case study analyzes their success in using Camilion's Authority Suite policy administration system, to prepare for their entry into the E&S market.

Jump Start the Development of Your ISO-Based Products: Leverage ISO Electronic Rating Content with innovative technologies to accelerate speed to market, reduce costs and capitalize on market opportunities.

Whitepapers

Insurance at Thinksoft A perfect blend of domain expertise and technical know-how enables us to provide 360 degree service offerings across the entire insurance IT spectrum from requirements consulting to post production support. Thinksoft gives a special emphasis on the integration aspects of insurance business in ensuring quality in core solution's integration with Third Party Claims Administrators, Financials (GL, AR & AP), Ecommerce Solutions, Payment Gateways, Document Management System, HRMS, Imaging Solutions, Cash Management System, and Investment Management Systems.

10 Things Most Vendors Won't Tell You About Modernization This paper discusses the critical systems that insurers must address, outlines the transformation process and explores best-practice approaches that IT organizations can use individually or in combination to achieve their modernization goals.

Building Effective Business and IT Operations in a New Economy As soft economic conditions continue to hinder growth, many insurers are asking the question, "Is a new economic normal upon us?" This white paper will discuss ways for insurers to stay competitive in this new market through modernization. With a comprehensive approach, insurers can cost-effectively transform existing technology investments to reduce operational costs, minimize risk, and arm sales and service representatives with the customer insight they need to retain business, grow market share and improve profitability.

Proof-of-Concept Done Right: Mitigating the Risk of Policy Administration System Migrations More and more insurers are recognizing the need to migrate from their legacy policy administration systems to more modern, flexible systems, and interest is forecast to grow in the coming year. There are a number of business needs driving the interest in new policy administration systems, but foremost among them has been the lackluster economy. The past two years have been challenging ones for life and annuity carriers, who have experienced significant erosion of their investment returns. In light of this, insurers are taking a close look at systems that allow them to rapidly enter new markets, exit unprofitable ones, introduce uniquely differentiated products, and support diverse sale channels-all while improving operational efficiency and controlling costs.

Speeding Insurance Product Development: Removing Constraints through an Adaptive Systems Approach Adaptive, rules-based policy administration systems provide the opportunity for insurers to rapidly respond to changing market and regulatory dynamics, accelerate the product configuration process, and quickly bring to market new or enhanced products to meet evolving consumer demand.

Changing the Rules of the Game: An Adaptive Approach to Core System Migrations An adaptive, rules-based policy administration system can empower an insurance company's business and IT departments to collaboratively create and rapidly launch new, differentiated products, enhancing how they service customers and sales channels and reducing risk while better managing the business.

Insurance carriers are continually acquiring new core application systems which is both difficult and risky. They are often not well understood and have a high project failure rate. Is your project healthy?

Executive Content

A Global View of SOA-based Policy Admin Systems The U.S. market is the furthest ahead in deployments of SOA-based policy administration systems, but companies in other parts of the world are starting to catch up - and even leapfrog over traditional approaches. Article by Maria Korolov Trombly, president of Hong Kong based Trombly Ltd.