Archive for the ‘Uncategorized’ Category

Regulation such as Solvency II, principle-based approaches and volatility in the markets are driving the need for more complex actuarial/financial models and greater computing power. According to Brian Heale, Product Director at Towers Perrin, insurers would benefit by migrating from their desktop systems to an enterprise IT environment with the computing power, security, audit capability ... Full story

Matthew Josefowicz Director, Insurance NOVARICA Welcome to our forum Matthew. How important is strategic IT investment for insurance carriers in this current climate? Explain. Unlike in the last financial downturn which came on the heels of a massive run-up in IT spending due to the dot-com bubble and Y2K, insurers generally view IT ... Full story

Dennis Pfiffner Senior Vice President Life Operations – Insurance Solutions StoneRiver, formerly Fiserv Insurance Solutions Welcome to our forum Dennis. What are your thoughts on the importance of strategic IT investment for insurance carriers during this downturn? Now is not the time to cut back on key strategic IT initiatives. In my opinion, companies that react to ... Full story

Bill Dochterman Vice President Marketing & Product Development LexisNexis Great to have you with us Bill. What are your thoughts on strategic IT investment? Investing in mission-critical and operational systems during these turbulent times is critical to most carriers’ ongoing competitiveness if not their survival. After a tremendous amount of acquisition activity during the 1990s and ... Full story

Alex Aminian President and Chief Executive Officer DAVID Corporation Glad to have you with us again Alex. How important is strategic IT investment for insurance carriers in this current climate? We are facing precarious times and insurance organizations are not immune to these volatile economic conditions. While new sales are still critical to operations, ... Full story

Gregory S. Webber President SunGard iWorks Let’s go to SunGard’s Gregory Webber. Is strategic IT investment for insurance carriers a good idea in this current climate? There is little doubt that the current economic climate is very challenging for the industry. And, in some cases, the initial instinct may be to wait out the ... Full story

Stephen Korow Vice President, Technology Decision Research Corp. It is a pleasure to have you with us again Stephen. How important would you say strategic IT investment is for insurance carriers right now? Perverse as it sounds, this economic environment is an opportunity for IT. A sound IT investment strategy can position the ... Full story

Don Canning Director of Insurance Worldwide Financial Services Group Microsoft Corp. Let’s go to Microsoft’s Don Canning. Welcome to --our forum Don. How important is strategic IT investment for insurance carriers in this current climate? Maintaining a focus on strategic investments is critically important right now. The natural tendency may be to ... Full story

S.R. Ramaswami Partner & Executive Vice President Polaris Software Lab Limited Welcome S.R.R. How important would you say strategic IT investment is right now? In this current climate, insurance carriers have a pressing need to adopt a conservative and solvent investment strategy. Insurance carriers should focus their efforts on improving profit from core operations. ... Full story

Jason King Director of Financial Services and Insurance Hyland Software, Inc. Welcome Jason. How important right now is strategic IT investments for carriers? In this current soft environment, strategic IT investment should actually be more of a priority than it has been in the past. Carriers need to think about being bigger, leaner, ... Full story