Published By: LogRhythm
Published Date: Sep 26, 2008
Is your organization adequately meeting the rules and regulations set forth in the Accountability Act of 1996 (HIPAA)? Learn how LogRhythm’s comprehensive log management and analysis solution can help your organization meet or exceed HIPAA regulatory requirements.
Often, the insurance underwriters stay late that last day of the month to enter new policies. This means that IT staff have a very small window to execute the applications critical to successful and error-free closing of the accounting books. IT staff had to run and baby sit the applications – one application requiring manual operation took over three hours to complete, another that uploads premium and claim information to the data warehouse took up to six hours.
Since the National Association of Insurance Commissioners (NAIC) made revisions to the Financial Reporting Model Regulation (Model Audit Rule) in June 2006, the insurance industry’s attention to the risks associated with financial reporting has been on the rise. Structured similarly to Section 404 of the Sarbanes‐Oxley Act, the Model Audit rule places a significant burden on C‐level executives to ensure their oversight in the internal controls for financial reporting (ICFR) process. Executives within these insurance organizations, both public and private, will be required to evaluate their internal controls in preparation for the first reports due in 2010 for the 2009 reporting period.
The data security challenges in the healthcare industry have never been as challenging as they are today. Not only must healthcare providers comply with HIPAA regulations concerning patient privacy and electronic data security, they must also guard against identity theft as well more complex scenarios of insurance data theft, medical identity theft and the adulteration of health records.
Published By: IBM ILOG.
Published Date: Dec 11, 2009
Learn how WebSphere ILOG Business Rules Management System (BRMS) allows organizations to easily adapt business rules while ensuring compliance with policy requirements and analyzing the business impact of changes against key performance indicators. You will see how the BRMS is used in the back office to create eligibility rules that will be used to automatically screen auto insurance applicants.
Ecclesiastical uses SAS to improve data quality to make better decisions that enhance the reputation of the business, affect millions of pounds of risk selection/underwriting and help to establish optimum reinsurance levels.
Millions of pounds hang on decisions around reinsurance and risk selection. Achieving the best possible outcome means taking data and turning it into decision-making gold. The key is to have good data going into the process.
Insurance fraud has existed wherever insurance policies are written, taking different forms to suit the economic times. Today the magnitude of insurance fraud is not only startling but increasing. Recent studies by the US National Insurance Crime Bureau (NICB) reported a 24 percent rise in questionable claims for the period 2011 to 2013. The full scale of insurance fraud is not known. And if fraudulent behavior is not discovered at the time the claim is submitted, the insurer may never know it occurred. Consequently, an uninvestigated claim cant be labeled as fraudulent to investigate.
Today, people continue to migrate to the Internet to accomplish many of their day-to-day tasks. Insurance agencies need to understand the importance and huge value in online client access.
What sets the truly innovative and efficient companies apart is the way they put the underlying transaction data to use. Efficient and imaginative use of the data gives remarkable insights into the way the company conducts bu
In todays mobile, connected era, customers expect perfection from their service providers. With competitors only a click (or tap) away, companies have a strong incentive to deliver flawless operations. Online retailers have set a high bar in the way that they engage customers throughout the entire sales processnot just during the commercial transaction, but before, during and after the transaction. Can your insurance company meet the challenge?
From a communications equipment manufacturer optimizing investments with a security scan to a mutual insurance company reducing spam and threats with hosted web and email services, IBM security consultants have helped many companies evaluate their existing security practices against their business requirements and objectives. Read these customer references to learn how organizations managed risk, security and compliance with help from IBM.
As the world changes around them, many insurers are struggling to be profitable. A combination of disruptive forces some economic, some societal, some technological is shaking up the insurance industry comfort zone. Yet some leading insurers manage to stay ahead of the pack, but how?
If insurers want to succeed in today's digital world, they need to create experiences and business models that are orchestrated, symbiotic, contextual and cognitive.
Big data and analytics help insurance companies identify the next best action for customers. With the right solutions, companies can extract, integrate and analyze a large volume and variety of data, from call-center notes and voice recordings to web chats, telematics and social media
Customer intelligence solutions that can enhance customer retention by leveraging advanced and predictive analytics tools to help enable more targeted sales, service and marketing plans.
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In the Application Economy, speed, innovation, and quality, have become table stakes. If you cant meet your customers expectations, they will surely find a competitor who can. Whether your organization is in one of the sectors facing the most intense digital competition (like insurance, banking, telecommunications or retail), or a more traditional industry, how rapidly and successfully you embrace a software-driven digital transformation strategy will likely have a profound effect on your organizations long term viability. In this Whitepaper, learn how the Application Economy is driving Digital Transformation in companies, and how you can position your organization for success.
In the Application Economy, speed, innovation, and quality, have become table stakes. If you cant meet your customers
expectations, they will surely find a competitor who can. Whether your organization is in one of the sectors facing the most intense digital competition (like insurance, banking, telecommunications or retail), or a more traditional industry, how rapidly and successfully you embrace a software-driven digital transformation strategy will likely have a profound effect on your organizations long term viability. In this Whitepaper, learn how the Application Economy is driving Digital Transformation in companies, and how you can position your organization for success.
"Ever wonder how FICO Blaze Advisor moved a US Insurance Company from 100% manual to 99% automated underwriting?
FICO Blaze Advisor decision rules management system created a central, standardized and user friendly system for ACG Michigan"
Digital transformation is essential in the modern software factory, and mainframes are mission-essential elements in many industries, including, finance, transportation, insurance and others
The industry is adopting agile and DevOps practices throughout IT to increase business agility
Explore the potential for DevOps in your organization, told from a mainframers point of view
