Without leadership commitment and tolerance for failure, insurers may perform “innovation theater” but are unlikely to be prepared when end of the next decade of change sneaks up on them.
The new bureau business is expected to enable significant reductions in the cost of transacting general insurance in the U.K. market.
InsurPay is providing a Ready for Guidewire accelerator designed to make it easier for ClaimCenter users to integrate with its payments solution that replaces checks for outbound payments.
The core-to-digital suite is pre-integrated and modular, and can be installed as part of a complete transformation initiative, or implemented as standalone components.
The addition of SiSi’s capabities enables LIDP to expand its service delivery capabilities to best serve a rapidly growing customer base of life and annuity carriers seeking to modernize their core systems.
A Guidewire client since 2008, the insurer will implement the vendor’s Guidewire Quote and Buy Portal for Policyholder, Account Management Portal for Policyholders, and Guidewire Live apps.
The solution aims to deliver a new layer of value for workers’ compensation carriers, third party administrators and self-insured employers.
The solution will become The IMT Group’s enterprise billing system and be integrated with the insurer’s 17 policy administration systems.
After a total of six conversions, Pekin Life is now operating on a single modern platform and able to sunset its legacy life environment.
Rolled out to 25 states in Oct. 2016, the option aims to maximize and stabilize cash flow, minimize final premium audit adjustments, and remove installment fees and monthly checks.