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Articles of Interest
  

Data warehousing: An IT idea whose time has come?

More companies are using it to save money and boost revenues
Some IT projects, like security and system optimization, are so ingrained in corporate computing that hardly anyone questions their budgets or importance.  But other IT projects, such as data warehousing, are still seen as discretionary programs that haven't yet been pegged as critical business practices.  That view could be changing, however.
Date: 3/10/2004     Source: Computerworld		More Info
  

CGI Seal Deal with Millbrook

Seeking to lower its insurance customers' loss ratios through the use of analytical tools, business process outsourcing services provider CGI Group Inc., has struck a partnership agreement with information management solutions provider, Millbrook Inc.  As a result of the deal, Millbrook's information management solutions will be embedded in CGI's suite of outsourced insurance applications and be added as a component of its licensed insurance software applications.
Date: 1/28/2004     Source: Insurance & Technology		More Info
  

Business Intelligence: One Version of the Truth

Talk about chaos.  For decades, corporate executives have made strategic business decisions based on information deduced from multiple reports that IT compiled by summarizing sets of frequently conflicting data.  Business intelligence systems promise to change that by, among other things, pulling data from all internal systems plus external sources to present a single version of the truth.
Date: 12/22/2003     Source: Computerworld		More Info
  

Cover Story - Technology For Insurers:
Are You Gambling With Your Data?

On its surface, the data warehouse concept seems simple and logical enough: A single place where anyone who needs the right data can get it, analyze it, drill down into it, or manipulate it for competitive advantage.
Date: 11/1/2003     Source: Insurance Executive Technology		More Info
  

Technology For Insurers:
A Meeting of the Minds

In today's digital age, insurance executives and agents need both current and historical data.  Unfortunately, much of that data resides in their company's mainframes, and it is difficult to get the information to the desktop in a consistent and usable format.
Date: 11/1/2003     Source: Insurance Executive Technology		More Info
  

Data Mining for Dollars

Claims is the last area insurance companies would go looking for revenue generation, and subrogation has traditionally not been a focus area for funding.  It's not that insurance companies don't want the dollars rightfully owed them by other carriers whose policyholders were at fault, but mining heaps of paid claim files is a dodgy cost/benefit proposition.
Date: 9/29/2003     Source: Insurance & Technology		More Info
  

Knowledge Is Power

Q: Knowledge management (KM) is often misunderstood.  What is KM in insurance?
Q: How has KM evolved over the years?  Where is KM today?
Q: With such a strong focus on ROI, is getting funding for KM difficult in today's economy?  If so, why?
Date: 8/20/2003     Source: Insurance & Technology		More Info
  

What's So Special About Insurance Anyway?

The insurance business has historically been an early adopter of new business intelligence (BI) solutions such as data warehousing, advanced reporting systems and data mining, as well as advanced statistical applications.  The reasons for this advanced IT development in the insurance business are mainly due to a complex business model in a highly competitive environment.
Date: 8/1/2003     Source: DM Review		More Info
  

Insurance & Technology: 2003 STATE OF THE INDUSTRY REPORT
Financial Systems: Drilling Down in Oklahoma

Although Oklahoma Farm Bureau Mutual Insurance Co. (OKFB) initially installed its data warehouse to support actuaries, it is having big payoffs for all business users who need access to financial data.
Date: 11/8/2002     Source: Insurance & Technology		More Info
  

Insurance & Technology: 2003 STATE OF THE INDUSTRY REPORT
Financial Systems: Responding to the Triple Whammy

The insurance industry has been hit with a triple whammy over the past couple of years: a bad economy that hurts investment income, more scrutiny on financials from regulators, and more regulations in all lines of business.  And things are not likely to get any easier.
Date: 11/8/2002     Source: Insurance & Technology		More Info
  

BEACON Drives Strategic Decisions for New York State Insurance Fund

PROBLEM SOLVED: NYSIF was having difficulty obtaining reliable, useful and timely information to drive strategic decisions.  In many cases, obtaining this information was impossible.  Several disconnected legacy systems contained information about our insurance policies and claims.
Date: 7/1/2001     Source: DM Review		More Info
  

Cases in point: Penn Mutual Insurance / Millbrook

Oh, those pesky boards of directors. They're always asking, "Why, why, why?"  They want to know why the company is losing money on policies in Delaware and New Jersey but not in Virginia and Maryland.  They expect you to come up with the answers to those questions without a 500-page report.  They want it short, sweet, and direct.  And they want it now.
Date: 11/1/2000     Source: Technology Decisions		More Info
  

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