Insurance Transactions

Underwriting a Successful Result | Article

Underwriting a Successful Result | Article

Before homebuyers can complete the transaction to purchase a home, they must demonstrate they have also arranged for homeowners insurance. Up until now, the process for obtaining that coverage was almost as arduous as finding the house in the first place…..

The Newest Place To Shop On The Web: Your Company’s HR Department… | Article

The Newest Place To Shop On The Web: Your Company’s HR Department… | Article

If you got married and wanted to change the beneficiary on the company-provided life insurance, you had to take a trip down the hall to the human resources department to make the switch. If you were getting divorced in a community property state, your attorney needed to know how much your 401(K) plan was worth because your spouse is going to get half. And, while you’re down at the HR office, you might check and see how much your stock options are worth today.

Banking on Continued Growth | Article

Banking on Continued Growth | Article

Caja de Ahorros y Pensiones de Barcelona is the largest savings and loan in Europe. The financial institution, which had $95 billion (US) in assets at end of 1999, wanted to grow even bigger. Its strategy was to do this through acquisitions, adopting the slogan, We’ll have a branch nearer to you every day…

A Healthy Prognosis for Medical ASPs | Article

A Healthy Prognosis for Medical ASPs | Article

After looking at the vital signs, the health care ASP market is healthy. Russell Sherlock, president and chief executive officer of Outsourced Administrative Systems, Inc. (OASYS), a health care ASP, says a variety of trends have coalesced to create a surge of interest in ASPs dedicated to health care…

Insuring Success | Article

Insuring Success | Article

Coleman sees the Web as one way to make benefits administration easier for everyone. Employees of Coleman’s customers can have secure access to their company’s Web site, which contains a host of information about the company’s benefits program. Everyone always wants to know what their health plan covers, the executive notes. Firms have scanned in their benefits books so employees can peruse it on-line.

The Importance of Flexibility | Article

The Importance of Flexibility | Article

Changes occur frequently in outsourcing relationships. And paying for results is one mechanism that can help customers achieve flexibility in the arrangement, says Eugene G. Lukac, CSC’s Principal for Application Value Management. Many outsourcing contracts do not focus on results, but focus on effort.

Changing the Way the Travel Industry Does Business | Article

Changing the Way the Travel Industry Does Business | Article

One of the largest travel agencies in the United States, First Travelcorp out of Raleigh, N.C., began searching for someone to come in and operate some of its back office activities during the mid-90s.

Delivering Speed Where It Counts | Article

Delivering Speed Where It Counts | Article

Fast response to customers is essential to the success of United HealthCare, the second largest managed care company in the U.S., outsourcing.

Extending the Reach of Outsourcing | Article

Extending the Reach of Outsourcing | Article

As the outsourcing industry heads into 1999, Richard Raysman, an attorney with the New York firm of Brown Raysman Millstein Felder and Steiner LLP, expects to see not only larger transactions, but an expansion of the services being outsourced.

The Many Flavors of BPO | Article

The Many Flavors of BPO | Article

The Many Flavors of BPO: The business process outsourcing (BPO) industry is growing everyday, with new processes being outsourced and new players entering the market. Allie Young, principle analyst, Dataquest, a Gartner Group company, sums up the situation succinctly.

Networking: Ready for Lift-Off | Article

Networking: Ready for Lift-Off | Article

The burgeoning demand for increased flexibility and information exchange is driving a marketplace move to networking, according to Rick Roscitt, president and CEO of AT&T Solutions.

Benchmarking: A ‘Sanity Check’ | Article

Benchmarking: A ‘Sanity Check’ | Article

Anthem, Inc., a carrier of health insurance, was in the middle of an outsourcing contract when they decided to conduct a benchmark on price and service levels last spring. The reason for the company’s decision was simple. They suspected that they were paying too much for their current service. That proved to be true.

Research: The Best Policy | Article

Research: The Best Policy | Article

International Outsourcing: Executives at Grupo Nacional Provincial (GNP) know all about the value of research. Statistics and other research information are part of their day-to-day business as the largest insurance company in Mexico. Therefore, when the company was considering outsourcing part of their Information Technology (IT) functions, the first step logically was research.