Tag: insurance software

SAS wins innovation award for insurance fraud prevention technology

Guest Author
Insurance industry News

SAS® Fraud Framework for Insurance recognized by Strategy Meets Action (SMA) Business analytics leader SAS was recognized by leading insurance strategic advisory firm Strategy Meets Action (SMA) with its SMA Innovation in Action award for SAS® Fraud Framework for Insurance. This honor spotlights how new technologies can help modernize, optimize and innovate insurance practices. “SAS, the winner in the IT solution provider category for SAS Fraud Framework for Insurance, provides a cutting-edge solution by combining key next-generation technologies to help insurers detect and prevent both opportunistic and organized claims fraud,”…

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Clerity Solutions provides mainframe migration, upgrade, and optimization services for 21st Century Insurance

Julie Campbell

Clerity Solutions, a provider of mainframe modernization, migration, and optimization services, has announced that it was selected by 21st Century Insurance – a part of the Farmers Insurance Group of Companies – in order to update and migrate its legacy mainframe application which operated for many years on a mainframe. Clerity was chosen when it was the only service provider that showed that it was capable of offering a complete rehost of the full legacy system, which included the programs for CA Easytrieve Plus. Through the use of the UniKix…

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A new eLearning Platform will provide assistance for the insurance industry and its customers

The top provider of data and identity risk management services, Identity Theft 911, has revealed that it is offering a brand new eLearning Platform that has been created to provide personalized online training to enhance its data breach and identity theft avoidance and resolution services. The organization is demonstrating this new online solution at the 116th National Association of Mutual Insurance Companies (NMAIC) Annual Convention. The NMAIC convention is the biggest meeting of insurers in the United States and is being held from September 18 through September 21, 2011 in…

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High praise for mobile capabilities added to the FirstBest Front Office Suite for insurance carriers

Nordstrom

Insurance software solutions provider, FirstBest Systems, Inc., which provides products for the MGAs and MGUs specialty and commercial-lines insurance carriers, has revealed the latest additions to its Front Office Suite of insurance applications, which will now include mobile commerce capabilities. This new functionality will permit the insurance workforce to take advantage of a wider range of solutions for underwriting and collaborative business challenges using mobile devices that are increasingly becoming standard in the industry. The mobile capability is entirely integrated with the agent portal applications and underwriting workstations through FirstBest,…

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Trillium Software helps insurers and reinsurers obtain more robust catastrophe modelling results

Guest Author

MONTE CARLO, Monaco & BILLERICA, MA – Sept. 13, 2011 – Trillium Software(r), a business of Harte-Hanks, Inc. (NYSE:HHS), and a leading enabler of Total Data Quality solutions, announced today an agreement with AIR Worldwide, the scientific leader and most respected provider of catastrophe risk modelling software, to provide more precise geocoding through the integration of Trillium Software’s geospatial capabilities with AIR’s catastrophe modelling application. The integrated software solution is expected to help AIR Worldwide’s clients improve risk geocoding and catastrophe risk analyses for perils such as wind, flood, and…

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Gartner names SAS as the leader in software market size

Nordstrom

Gartner Inc has released a report entitled “Market Trends: No Escaping BI and Analytics in Insurance in 2011”, which gave SAS the top rank in software market size. In the report, the business analytics software and services leader was shown to have a quarter of the 2010 market share, with a $138.7 million revenue. The Gartner report said that insurance companies are focused on risk management, compliance with regulations, acquisition and retention of customers, and the achievement of excellence within their operation. These goals, according to Gartner, are pushing technology…

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Real time technology gives insurance agents a leg up

A new study shows that the number of independent insurance agents using real-time upload is going up. The study, IVANS’ 2011 Insurance Agents, Carriers & Technology Survey, shows that the number of agents using real-time upload from 2001 to 2009 has gone up by 16%. Furthermore, the study shows that technology plays a big role in trust levels agents have with their carriers. The findings suggest that more insurance companies are investing in agents to better connect with consumers. Agents use real-time uploads to keep consumers up to date on…

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