To assist P/C insurers on improving speed-to-market, the Property Casualty Insurers Association of America (PCI), the National Association of Insurance Commissioners (NAIC) and InSystems are sponsoring a free seminar for property/casualty insurers to build awareness of NAIC’s initiatives, current P/C industry practices and technology solutions addressing product development and state filing processes.
The seminar will take place Wednesday, Jan. 19, 2005, at the Westin O’Hare Chicago. Pre-registration is required.
Speed-to-market and operational efficiency are top priorities for insurers, however only a small percentage of them have harnessed automated solutions to improve speed-to-market and automate the state filing process.
According to Donald Light, senior analyst, Celent in his report Improving P/C Insurers’ Speed- to-Market, “There are impressive benefits to be gained from accelerating the product development cycle and improving speed-to-market. The financial rewards include higher revenue and profitability.”
“Speed-to-market is a priority issue for PCI members in the competitive insurance marketplace. While the PCI is looking to change the laws and regulatory structure for rate and form filing, we also see that technology and administrative efficiencies in state processes can play a valuable role in getting products to market more efficiently,” commented PCI’s Lenore Marema, vice president, industry and regulatory affairs.
The program will include:
* Keynote Address: “Speed-to-Market and the Electronic Filing Imperative” by NAIC Commissioners
* State Rate and Form Filing: There’s Room for Improvement; insights from the PCI State Survey
* NAIC SERFF demo and presentation
* InSystems Tracker/SERFF demo and presentation
* Industry Roundtable on Electronic Filing
The seminar will be of particular interest to:
* Industry staff involved with property and casualty product development, rate and form filing
* Individuals interested in NAIC speed-to-market initiatives
* Current and potential SERFF and InSystems Tracker users who would like to leverage product development, filing preparation and electronic filing.
“The SERFF Board of Directors, with joint regulatory and industry representation, is focused on guiding the technology solution that supports speed-to-market”, said North Dakota Insurance Commissioner Jim Poolman. “Ultimately, SERFF is designed to improve the efficiency of the rate and form filing and approval processes and to reduce the time involved in making regulatory filings. That’s speed-to-market.”
For more information about the seminar visit: http://www.insystems.com/Standard.asp?PageID=1806
Registration deadline is Jan. 12, 2005.
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