Insurance Networking News: Executive Strategies for Technology Management articles from June 2007

Insurance Networking News: Executive Strategies for Technology Management archives from June 2007

Federal regulation drives the need for it governance.
June 1, 2007... The word "governance" has come to prominence in insurance IT circles in just the last few years, partly in reaction to the spate of federal regulation rained down by the Sarbanes-Oxley Act of 2002, the Gramm-Leach-Bliley Act of 1999 and the USA...

Major UK Life Insurers Take Wrap for Investors.
June 1, 2007... In the last five years or so, a handful of major life insurers in the United Kingdom have embraced what for them is a new wealth-management technology-so-called wrap platforms. Wraps, as the Web-based, business intelligence systems are...

Creating a Repository For Data Integration.(Company overview)
June 1, 2007... Basic data integration, the act of extracting, transforming and loading (ETL) structured data from disparate systems into a single data store so it can be manipulated and evaluated, carries with it certain logical elements and processes. ...

Leading... or Losing?
June 1, 2007... The IASA 2007 annual conference theme, "learning today, leading tomorrow," may sound a bit cliched-until you consider insurance carriers that have incorporated a similar theme into their corporate cultures-cultures that espouse insurance...

Leave a Good Impression With Electronic Payment: Consumers are continuing to pay more bills online, and insurers can take advantage of the resulting customer contact points.
June 1, 2007... With consumers now paying more premiums online than by paper check, insurance carriers need to present electronic bills effectively enough to leave a lasting good impression. Take a look at the numbers. Online bill payments accounted for...

News Briefs.
June 1, 2007... U.S. CONSUMERS WANT CONTROL OF E-HEALTH RECORDS Americans show a strong interest in controlling their own electronic medical records, according to a national survey released at a health IT conference. Adults favor providers (51% over...

Solutions.
June 1, 2007... ARCOT SYSTEMS AND ADOBE WORK ON DIGITAL SIGNING Sunnyvale, Calif.-based Arcot Systems Inc. has collaborated with San Jose, Calif.-based Adobe Systems Inc. to create a new option for digital signing in Adobe Acrobat software and Adobe Reader...

News Briefs.
June 1, 2007... RISK MANAGERS ID TOP RISKS FOR EUROPEANS European risk managers see breakdown of critical information infrastructure, crime and corruption, liability regimes, terrorism, and catastrophic floods as the most significant global risks,...

Solutions.
June 1, 2007... NAIC FILING SOLUTION Brookfield, Wis.-based financial services software provider Fiserv Inc. released eFreedom Annual Statement NAIC filing software, which automates annual statement preparation for regulatory reporting. The eFreedom...

Managing How IT's Viewed: Align IT with business goals but run the department as a separate company. And, remember-a key job for any company is to understand its market.
June 1, 2007... What's the secret of running an IT department at a major brokerage? To find out, Insurance Networking News asked Fred Danback. As principal and head of global technology services for Integro Insurance Brokers, Danback is charged with developing...

CORRECTION.(Correction notice)
June 1, 2007... In "Let Feds Monitor Carriers" (May 2007), Joe Beneducci was referred to as president and chief operating officer of Novato, Calif.-based Fireman's Fund Insurance Co. However, Beneducci was promoted to president and chief executive officer at...

Governance Divide: IT vs. Data.(Brief article)
June 1, 2007... Insurance carriers are recognizing the need to separate IT governance and data governance, according to members of the industry's "data community." "People often confuse them, but data governance is really quite a different topic than IT...

The Key to IT Governance? Measurement.
June 1, 2007... The more a carrier's board of directors engages in IT governance, the better the company's performance. That's one of the key findings of research by Deloitte Consulting LLP and "Corporate Board Member" magazine. But how does a board go...

Asking the Right Question: Long, boring customer surveys don't paint an accurate picture of customer loyalty; but one simple query can.
June 1, 2007... Why do companies go out of business even though they rate decent customer satisfaction scores on surveys? Maybe somebody's not asking the right survey questions. Instead of a barrage of queries, researchers need to pose the "ultimate...

Life and Annuity Industry Uses Technology to Grow.(Brief article)
June 1, 2007... Insurers name e-signatures and online applications; document management, workflow and imaging; and Web self-service for distributors and/or customers (portals) as the technology strategies they are very likely or likely to implement, according...

News Briefs.(c-level executives )(Brief article)
June 1, 2007... C-SUITE EXECUTIVES AND RISK MANAGERS DISAGREE ON RISKS C-level executives and risk managers may not agree when it comes to the risks associated with international expansion, according to the 2007 Chubb International Risk Survey. More...

Solutions.
June 1, 2007... ENTERPRISE MANAGEMENT InfraSight is an enterprise traffic performance management and IT infrastructure health service from the Trendium Service Bureau, a subscription-based "software as a service" line of business of Trendium Inc.,...

The Business Side Drives Changes in Integration.(Brief article)
June 1, 2007... The integration market is evolving at a rapid pace and is even more complex than when last reviewed in 2005 by Boston-based Forrester Research. In its March 2007 report, "Evaluating Integration Technology Options," Forrester cites the reason...

Think of Accounting Systems As Hub for Information Wheel: Accounting systems collect data on the back end and feed it to warehouses. In the process they're gaining strategic importance.
June 1, 2007... Accounting systems may seem about as exciting as dry toast, but they're becoming increasingly important hubs in insurance carriers' IT strategies. On the back end, they serve as collection points by integrating data from billing, HR,...

News Briefs.
June 1, 2007... EXECS CONCERNED ABOUT MANAGING/Governing DATA Senior insurance executives are concerned about governing and managing the crushing volume of data their companies maintain these days, especially in light of stricter reporting requirements....

Solutions.
June 1, 2007... TAX AND CONSULTING SERVICES FOR P&C Kollath & Associates CPA LLC has launched an accounting practice that will provide assurance, tax and consulting services for property/casualty insurance companies. Based in Madison, Wis., Kollath &...

Who's Buying What: Recent Deals For Technology Software And Services.
June 1, 2007... PURE CHOOSES ONESHIELD FOR POLICY ADMIN SYSTEM Privilege Underwriters Reciprocal Exchange (PURE), a startup with headquarters in Plantation, Fla., has selected software from Westborough, Mass.-based OneShield Inc. to support administration...

INN June 2007 Editorial Index.(Editorial)
June 1, 2007... Abbey Life 20 ACORD 38 Adeptia 39 Adnitor 20 Adobe Systems Inc. ...

Ad Index For June 2007.
June 1, 2007... Advertiser Website Address Page # Adeptia www.adeptia.com 20 BillMatrix www.billmatrix.com/insurance 39 Camilion ...

Put People First, IT Second: In IT, too many companies reengineer the buggy and trade for a new horse when they should contemplate buying their first automobile.
June 1, 2007... Picture yourself in the early 1900s. You own a horse-drawn carriage but you're frustrated with the slow, bumpy ride. So you invest in the latest wheels and bearings for less rolling resistance. You buy modern suspension to cushion the potholes,...