StraightTalk

Core system transformation is a key priority for life insurers

Outdated core administration systems are hampering life insurers as they try to adapt to slow premium growth, macroeconomic weakness, and new regulations. This has driven renewed interest in core system transformation, particularly in North America and Europe.

Life insurers cut 2013 IT budgets in response to weak European economy

The annual Ovum Business Trends: Global Life Insurance Technology Investment Strategies report analyzes the results of in-depth interviews with 103 CIOs from the life insurance companies operating in Asia-Pacific, North America, and Europe. The results from the latest survey, conducted between June and July 2012, reveal marked contrasts in priorities, budget expectations, and levels of confidence among life insurance companies across the major geographic regions.

Online channels are a critical priority for European insurers in 2013

The annual Ovum Business Trends: European Insurance Technology Investment Strategies report analyzes the results of in-depth interviews with 76 CIOs from European insurance companies operating in both the life and property and casualty (P&C) sectors. The results from the latest survey, conducted between June and July 2012, reveal marked contrasts in priorities, budget expectations, and levels of confidence between the life and P&C sectors in Europe.

Xchanging launches insurance platform portfolio under Xuber brand

Xchanging is re-launching its insurance software business to form a separate unit that will bring together the existing portfolio of software products under a single brand name, Xuber. The formation of Xuber coincides with the release of a range of new products that will clarify the development roadmap for the existing client base and serve as a platform that forms the basis of its wider ambitions.

Why Serco is no threat to Diligenta and Capita in UK life insurance BPO

The recent announcement that business process outsourcing (BPO) vendor Serco are in exclusive talks to finalize a 10-year contract with life insurer Aegon UK has prompted much discussion of a significant new entrant to the UK life insurance BPO sector.

Platform-based BPO transformation comes of age in the UK life insurance industry

Ovum believes the achievements of Diligenta will give life insurers, both in the UK and continental Europe, confidence in pursuing a platform-based BPO transformation strategy.

Ovum highlights life insurance BPO opportunities in Europe

European life insurers are faced with the urgent need to reduce operational costs and conserve capital, leading to business process outsourcing (BPO) being considered a strategic option by the boards of European insurers.

X86-based platforms offer a practical solution for insurers entering new markets

Low-end x86-based insurance platfroms can provide a pragmatic way of building core processing infrastruture to support entry into new geographic markets.

BearingPoint builds on its Basel II platform to target Solvency II opportunities

With Abacus/Solvency II, BearingPoint has built upon its Basel II offering to target the regulatory reporting requirements of Solvency II, an area that many insurers underestimate in terms of the complexity and effort required to achieve compliance.

One Xerox strategy will not address perception gap in Europe

Xerox faces a challenge to rapidly develop new services areas as its key clients look to significantly reduce the volume of paper within their organizations, which is negatively impacting Xerox’s traditional managed print service (MPS) business.