Expert: System replacement can start with product configuration

04/19/2012 | PropertyCasualty360

Product configuration offers a starting point for property/casualty insurers to replace their policy-administration systems, writes Srini Venkatasanthanam of Oracle Insurance. "The product configuration vision eliminates adding yet another system to an insurer's IT infrastructure, leveraging technology innate to existing systems to effectively share product information across all systems including rating, rules, forms, state filing, business intelligence (BI) environments, and more," Venkatasanthanam writes.

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