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Bigger, Leaner and Smarter Policy Admin. Systems
Policy Administration Systems Rationalization - Get bigger, leaner, and smarter!
December 2008 - Boston-based Celent is a research and consulting firm focused on the application of information technology in the global financial services industry. According to Celent, the three basic options for business strategies for insurers have not really changed in these tough economic times. Celent identified the strategies as getting bigger, leaner, or smarter. Core systems initiatives, such as policy administration replacement or rationalization of multiple policy administration systems and claims provide most of the value on a strategic level and will provide all three types of strategies Celent identified - getting bigger, leaner, and smarter.
For the full article visit LOMA Resource - December 2008