Life Insurance Policy Administration Systems

August 24th, 2016

The evolution of shopping from direct to digital methods has impacted profoundly on product and service marketing. Digital shopping, which is characterized by online purchasing has influenced product consumption for both goods and service providers. A purchase mode that has substantially taken over is subscription buying, where consumers place a one-time order, and they get […]

Economic Trends and Life Insurance: Building Applications for Every Economy

August 19th, 2016

Have you ever considered what our country would do in the face of another recession? It hasn’t even been ten years since the housing market collapsed, and some economists are now predicting another recession on the horizon. Just when we thought that economic growth would usher in a new era of prosperity for a weary […]

How is Big Data Impacting the Sale and Management of Life Insurance and Annuities?

August 10th, 2016

Leveraging Big Data For Life Insurance And Annuities Big Data is the volume of data that flows from sensors and other inputs that IT systems attempt to analyze in real-time to extract any useful business intelligence. Life insurance and annuities companies can benefit from the power of Big Data as much as any others. Big […]

Policy Administration Systems and the Architecture of Life Insurance

August 3rd, 2016

In the life insurance and annuities business, an automated policy administration system can give life to the structure of life insurance, even if the applications on top of a legacy IT system are decades old. In an industry that is as specialized as life insurance and annuities, companies often depend on a patchwork of software from […]

The Future of Insurance Company Data Infrastructure: Microservices

July 28th, 2016

We’re often surprised to discover that there are insurance companies that haven’t yet transitioned to a new IT infrastructure including real-time data and strategic decision-making. These are all types of insurance companies, not just small ones, that are doggedly tied to legacy systems and run by leaders who are afraid of change. On the other […]

Managing Changing Priorities During the Agile Software Development Process

July 21st, 2016

Speed and functionality are the driving forces behind agile software development process. Within an agile scenario, small teams  rapidly deliver functioning product within a short time frame. These outcomes are achieved when teams are given flexibility and self-governance. However, even the most independent agile teams must bow to customer demands and changing markets. So, what do […]

Trends in Life Insurance: What Consumers Want Impacts Insurers

July 13th, 2016

It’s hard to think of any company as being on the cutting edge of the insurance industry. Why? Because of so many rapid advances in every economic sector, the modern insurance organization struggles to keep up. Since the institution of Obamacare, insurance companies have struggled to update their information systems and business practices to adapt […]

5 Common Problems in the Agile Software Development Process

July 7th, 2016

Agile software development teams work through a series of sprints to reach project completion. In the beginning, the product owner ensures that every part of the project is well mapped out and assigns duties to each team. More than one team may work on the project at any time and the people on each team may […]

Agile Software Development: Motivating Teams for Faster Results

June 22nd, 2016

Software firms use agile software development to complete projects for clients with greater efficiency. The typical agile environment requires the use of teams of software developers. Some members may participate in a software development project via telecommuting, and others may work on-site. Teamwork is essential to an agile team’s success. We often get questions on how to make organizations more effective through agile development. One answer is that […]

How Agile Software Development Supports SOA Solutions

June 15th, 2016

If you are in the insurance industry or software development these days, you are sure to have at least heard about Agile Software Development methods and probably observed or participated in projects which exploited them. As a professional in the insurance industry, you are also probably interested in software solutions that deliver service-oriented architecture solutions […]