Insurance carriers may have an abundance of technical resources at their command, but without a sense of urgency, a sufficient level of morale that sparks creativity and genuine commitment, their survival over the longer term remains uncertain.
Fresh from its acquisition of Standard Life Canada, Manulife is using technology to differentiate itself on the basis of customer engagement, information management and analytics, efficiency and effectiveness, and accelerated solution delivery.
In today’s insurance core system market, it is critical to treat information such as vendor size, installed base and technical modernity claims as data points to be explored further, rather than facts that can be evaluated in isolation.
It’s not so much whether an RFP is long or short but whether the questions you include are truly relevant. Chuck Ruzicka recommends three criteria for determining which questions do or do not belong on an insurance system RFP.
Roughly 20% of your data “pea pods” will contain peas that cause all sorts of migration problems. A good migration utility, however, can quickly make those peas sweet and help the whole data transition go down smoothly and efficiently.
If you’re going through a large scale project, you won’t know everything that the project manager knows – even though your neck is on the line. Large-scale projects require a different level of management than day to day operations.
Failed technology initiatives are legendary in the insurance industry, but embracing deployment best practices will ensure successful initiatives in the face of limited resources and the rapidly changing technology and regulatory landscapes.
Using multiple-choice questions organized into a set of standard security domains, Oceanwide’s CPAM tool provides a quick, easy way to assess risks associated with cloud providers and their solutions,
Depending on the circumstances, a short CIO stint may be the best option for both the carrier and the executive in question. However, as we explore in this first issue of Insurance Innovation Reporter, there are significant advantages to CIO longevity and major disadvantages to short CIO tenure.
During his 33-year career at Principal Financial Group, Gary Scholten’s personal professional growth has paralleled the company’s evolution into a global financial services provider.