The insurer was able to go into production on commercial package, businessowners and commercial in 10 states within 50 weeks.
You absolutely should replace systems, but go into it with your eyes open, and don’t treat one SystemX as a drop-in replacement for a different SystemX.
As President and Chief Revenue Officer, Fillizola will be responsible for all frontline revenue-generating functions, including sales, marketing, account management, and engagement management.
Agile organizations often talk about sprints, but insurers need to prepare for these programs like they are a marathon to ensure long-term success.
The series A round brings the company’s total capital raised to $16 million after a $5 million seed round from existing investors Vertex Ventures and Menora Insurance.
Built for the life and annuities industry, ProductHub can deliver as much as a 30 percent reduction in time to market, and as much as a 25 reduction in carrier product development costs, according to the vendor.
Socotra’s cloud-native platform will be leveraged to facilitate a smooth transition from existing architecture and provide a strong foundation for Symetra’s future.
It may be a sign of how technology is evolving that Dave Castellani, New York Life’s top technology officer, goes by the title of Business Information Officer rather than CIO. It is unquestionably an indication of Castellani’s own career history and philosophy.
The reciprocal insurance exchange serving health professionals in U.S. Western states will use OneShield’s SaaS core platform for policy administration, billing, claims and reporting.
The insurer’s decision to leverage V3locity across its entire group insurance business is aligned with Prudential’s overall growth and transformation strategy.