James Madison University is seeking an Electronic Research Administration System
that will automate and decentralize processing and summary reporting capabilities, archive required periodic technical and financial reports from end users, and assist with regulatory compliance and monitoring.
More than half of p&c insurers who have implemented new policy administration systems
report improvements of more than 25 percent in speed to market and data accessibility, as well as gains in business user satisfaction, distributor service, and reduced technology risk, according to a new study by the research and advisory firm Novarica.
A new policy administration system
is, by and large, the largest single technology investment an insurer can make.
For Philadelphia Insurance, the selection of its new policy administration system
came down to "our risk aversion," noted Goxhaj.
Founders of AdminServer re-team with the goal of once again causing a paradigm shift in the life and annuity policy administration systems
Commercial lines P&C carrier Western World Insurance Group is in the process of replacing a 20-year-old policy administration system
built on a midrange platform that is "highly customized," according to Thad DeBerry, the company's senior vice president of IT.
Oceanwide is currently expanding Genoa into the other marine lines, such as hull, marine liability, and yacht, as well as other niche specialty lines, that he said "have particular requirements that aren't being well serviced by general property/casualty policy administration systems
One of his more difficult tasks is to re-invent the rent administration system
Selecting a new policy administration system
is a difficult and time-consuming process, and one that a carrier will hopefully only need to endure once a decade at most," said Craig Weber, Celent chief executive officer and co-author of the report.
FIS Software is dedicated to developing and delivering enterprise level end-to-end policy administration system
solutions to enable insurance and financial institutions to maximize top line growth and operational efficiency.
They decided to use one policy administration system
for the multiline, captive-agency companies MSI and Country, and another for Holyoke and Middlesex, which have independent agents, Baurer said.
Countess of Chester Commercial Procurement Services is seeking to establish a national framework agreement for the supply of electronic patient record/patient administration system
solutions to NHS organisations across the UK.