TL_2.1.18

White Papers for Insurance Technology and Administration Software

  • Opportunity Cost of Retaining Legacy SystemsBy

    Opportunity Cost -- The "cost" of selecting one alternative is the benefit foregone from the next best alternative. While the insurance industry was a leader in adopting technology in the early days of software, it has fallen behind in maintaining the lead. The percentage of companies still...
  • How XML Helps Improve Supplier EfficiencyBy

    XML helps improve supplier efficiency by enabling electronic document exchanges with customers, providing a technology friendly interface with suppliers’ in-house systems, and increasing reliability.
  • Why Just Insure When You Can Ensure? Moving From Insurance to Holistic, Dynamic Risk ManagementBy

    If the only tool you have is a hammer, every problem looks like a nail. The wisdom of this old adage is just as applicable in risk management as it is in life where the tool that organizations fixate most on is insurance. Once this fixation sets in, every risk issue (right or wrong) begins to...
  • Guidelines for Claims Management System SelectionBy

    Selecting a new claim system can be an intimidating task due to the risks involved in going with the wrong choice. The complexity of the evaluation process requires an understanding of technology, change management, licensing and support options among others. I’ve worked for big 5 consulting,...
  • Business Intelligence: Solving Smart Grid Data Management ChallengesBy

    Look behind the scenes of Smart Grid deployments and technologies and you’ll discover a common challenge and opportunity to them. There’s new data, and lots of it. From real-time, granular weather analysis and forecasting for wind and solar power generation models to individual home energy...
  • Growth Speed Agility and Profitability ... Oh My!By

    The past two years have shaken the historical assumptions underpinning insurance and business models. The "Great Recession" has exposed underlying issues within the P&C insurance industry which are contributing to a lack of underwriting profitability which has proliferated in the industry for...
  • Making Strategic and Wise Investments for Policy Administration & Other SystemsBy

    By Deborah Smallwood, principal with the consultancy Strategy Meets Action (SMA). This research paper covers SMA's framework for the breadth of technology functions that an insurance company needs and how today's technology enables a range of options from one-vendor-for-each-function...
  • Multiple Business Systems, One Data WarehouseBy

    Managing legacy data after/during an upgrade and merging data from multiple business systems are two common stumbling blocks for insurance companies’ IT projects. A database-agnostic business intelligence system overcomes both difficulties while providing an integrated, business-wide view of...
  • Do you know your chemical footprint?By

    Addressing domestic and global regulatory issues for chemicals along with having a chemical data management strategy are critical components to a complete risk management model in the industry. With the increase in regulations from agencies such as the Department of Homeland Security, it has...
  • Consolidating and Automating Policy Administration and UnderwritingBy

    Time and again, risk managers and underwriters experience a very real pain – the pain of using dozens to hundreds of different data sources (Excel spreadsheets, Access databases and paper) to perform policy administration, underwriting, and exposure tracking. And the pain continues when they try...