Core Insurance Systems replacement will continue to be a major thrust for many insurers and brokers in 2014, according to virtually all insurance technology prognosticators (present company included). Data suggest a majority of insurers are at various stages from planning to almost-completed. Some projects are going well. Others need some re-examination. All can benefit from additional information from experienced implementers.
Which is where the 2014 Insurance-Canada.ca Technology Conference (ICTC 2014) comes in.
On March 17-18, 2014 ICTC2014 will be pleased to host a number of thought-leading sessions targeting Core Technology modernization. These will assist executives and managers involved with modernization projects examine their current plans, evaluate current status and consider alternatives, if appropriate.
Insurers: Innovation, Transformation, Execution, and Benefits Realization
The consensus of commentators is that for most insurers, modern systems are not an option, but a competitive requirement. Analyst firm SMA pointed out in its Top 10 Imperatives for Insurers, 2014 report that innovation requires transformation of “products, processes and IT platforms”.
At present, ICTC2014 contains the following sessions devoted to core systems transformation:
“Transformation Through Policy Management System Replacement: Key Success Factors”
– Karen Furtado, Partner, SMA Strategy Meets Action
– Liza Smith, Senior Vice President Sales and Marketing, OneShield
“The Opportunity of Big Data in the Era of Self-Service Claims”
– Mazen Salloum, Director of Product Development, Audatex Canada
– Darcy Gorchynski, Director of Business Development, Audatex Canada
“Achieving Your Modern PAS Goals – Upgrades and Evolution”
– Sandra Baskerville, Vice President Solution Delivery, Property & Commercial, The Co-operators
“Achieving the End-Game: Executing Legacy Core Systems Replacement to Achieve Self-sufficiency”
– Pascal Lavoie, Chief Technology Officer, Industrial Alliance Auto and Home Insurance
– Philippe Lafreniere, SVP, Insurance Solutions, Exigen Insurance Solutions
“Enhanced Technology as a Driver to Revenue Growth and Product Innovation”
– Panel moderated by Mitchell Wasserman, CEO, Oceanwide
Additional presentations are being confirmed. For updated information, check back to the Topics and Speakers page.
Broker Technology Supporting Survival and Growth
Leading brokers realize that growth requires modern technology. Broker management system (BMS) vendors understand that technology changes and brokers needs expand. At ICTC2014, the Insurance Brokers Association of Ontario (IBAO) is sponsoring a series of presentations, including a panel which will target present and future needs of brokers and responses by the BMS vendors:
“BMS Supporting Broker Growth”
Sponsored by IBAO
“The Broker’s Challenge, and Technology”
– Rick Orr, Chairman of the Board, Insurance Brokers Association of Ontario
“How are we addressing your challenges today and tomorrow?”
– Jeff Purdy, Sr. Vice President of International Operations, Applied Systems
– Pat Durepos, President, Keal Technology
– TBD, Custom Software Solutions
“Panel: Are the Real Challenges Being Addressed? How do We Get There?”
In addition, suppliers and ORBiT will be conducting interactive sessions to address emerging requirements and technology opportunities:
More to Come
Additional sessions are being confirmed often. Check back to the ICTC2014 Topics and Speakers section for updates. ICTC2014 will also be the venue for the 2014 Insurance-Canada.ca Technology Awards, will host an industry reception on the first evening, and much more.
ICTC2014 wouldn’t be the same without YOU!