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May 27, 2010 |
Welcome to the latest news and information from inside the 2010 ACORD LOMA Insurance Systems Forum, currently being held in Las Vegas. Here you'll find highlights from the conference, including recaps of sessions and featured articles.
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all highlights here |
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DAILY HIGHLIGHTS
ACORD Looks To The Future
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| From the beginning, the emphasis has been standards |
| As ACORD celebrates its 40th anniversary, the organization's president and CEO, Gregory A. Maciag said the goal is to keep improving how standards are developed and how people use them.
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Depending On IT Professionals
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| The key is learning the language of the business |
| The insurance business is changing, and IT professionals have to become knowledgeable about insurance so they can help facilitate and prepare for the changes to come, according to Robert A. Kerzner, president and CEO of LOMA, LIMRA & LL Global. |
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SaaS Making Steady Inroads Into Insurance, But It's Not Necessarily For Every Carrier
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| Session lays out differences with ASP, BPO and other vendor options |
| Software as a service—better known in the tech community as SaaS—can offer insurers benefits such as cost savings and eliminating the risk of a big up-front investment in a system that may not fulfill intended needs, according to a pair of industry figures speaking from experience. |
'Forced Innovation' Will Drive Adaptation In Business Practices
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| Shifting consumer behavior forces insurers to rethink traditional models, processes |
| Insurers no longer have the luxury to choose to innovate or transform. Innovation in the past was an option. Today, however, external forces, such as shifting consumer channel use and behavioral changes, are forcing insurers to evolve their business practices and models to support a new and very different market. |
Insurance Data Management Akin
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| To Life As Air Traffic Controller |
| MetLife exec explains plane analogy in describing new STP system Data management for an insurance company is a lot like running a nationwide air traffic control system, an executive at one major carrier contends. |
AUGIE Survey: Price Main Driver When Placing Personal Lines Risks
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| Large Commercial Lines Risks Report Products As Top Driver |
| Agents and brokers cited price as the main driver in 2010 when placing personal lines business, eclipsing both "ease of doing business" and insurance product offerings, according to this year's ACORD-User Groups Information Exchange (AUGIE) survey. |
ACORD Hands Out Standards Awards
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| View the Winners Circle on page 10 |
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all highlights here |
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