| Top News | December 3 |
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AAA Auto Club Group to Employ CodeObjects' Policy, Billing Software "We are relentlessly focused on ensuring customer satisfaction and brand loyalty through continuously delivering innovative product offerings," says AAA Auto Club Group. Toward that effort, ACG will be implementing a new policy administration and billing software for various personal lines products from CodeObjects. Read more ACORD Receives Contributions From IBM, Prima to Improve Information Model The donation from IBM consists of the Insurance Application Architecture Business Object/Data Model and the IAA Product Specification Diagram (PSD) notation. "Both IBM's IAA model and ACORD's Information Model are excellent representations of the insurance industry information," says ACORD. "However, having one model, which is available for all industry participants, will provide a single focus for the industry participants." Read more
Sircon Release Aims to Improve System Integration for Carriers Enhancements to Sircon's carrier platform include improved business system integration, data reconciliation, and search capabilities. "Our carrier, agency, and broker customers are telling us they need better integration, simpler data reconciliation, and more robust search capabilities, and that's exactly what Sircon's new platform offers," says the solution provider. Read more ASD Adds Locations, Broadens BI Focus Advanced System Designs focuses on business intelligence, network and security, IBM, and Microsoft. The solution provider has expanded to locations across the United States and added new members to its business intelligence team to support the growth of its offerings across the insurance-, financial services-, and manufacturing- specific industries. Read more Adaptik Introduces New Version of Policy Admin Software PolicyWriter 6.2 from Adaptik provides expanded out-of-sequence processing, enabling P&C carriers to handle complex policy life-cycle changes. The release also offers a new user interface that embraces Web 2.0 concepts in both look and functionality. Read more FINEOS Launches Workers' Comp Claims Solution "U.S. workers' compensation is an industry with significant environmental issues, including medical inflation, indemnity costs, and regulatory challenges," according to FINEOS Corp. The new product has been developed to address the specific requirements of the U.S. market, which is characterized by complex multistate compliance and reporting requirements. Read more |
| Quick Stat |
| Getting Better A report from Celent on economic recovery and future IT investment suggests insurers' outlook improved from the second quarter to the third quarter of 2009. In the second quarter, 74 percent of insurers surveyed by Celent indicated there would be salary freezes or reductions. That percentage was cut in half to 37 percent in the third quarter. Sixty-two percent of respondents had plans for staff reductions in the second quarter, and that fell to 54 percent in the third quarter. |