Recorded July 14, 2011
The insurance industry is undergoing significant changes as it consolidates and prepares for growth. The increasing focus on customer centricity, enhanced product development capabilities, and compliance with regulatory changes has forced companies to rethink well-entrenched policy administration processes. In fact, by 2013, the global IT spend on policy administration alone is likely to be almost 22 percentage of the total insurance IT spend. To achieve growth, insurers are adopting new pricing models, enhancing distribution reach, and quickly launching new products and services — all these depend on agile and effective policy administration processes and technologies.
This webcast session explores how life insurers can competitively drive high performance by understanding:
- The business transformation benefits from policy administration system replacement, as well as the technology benefits
- How replacing a legacy policy administration system with a modern, flexible platform optimizes IT and operations costs, creates consistent processes and eliminates resource redundancies
- How selecting the right partner with the best blend of technology, operational, and consulting capabilities, is an important pre-requisite to unlock high performance from policy administration transformation to achieve product, operational, and cost leadership
- The value of outsourcing closed block operations
Speakers
Lars Ernsting
Leader, Life & Pensions COE
Capgemini Financial Services
Scott Mampre
Vice President, Insurance
Capgemini Financial Services
Roger Soppe, CLU
Senior Director, Insurance Strategy
Oracle
Moderator
Ron Clark
Editor & Associate Publisher
LOMA Resource
Presented by LOMA Resource, Capgemini, and Oracle Insurance