Cloud-Based Life Insurance Solutions Whitepapers

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An Outlook for the COLI-BOLI Market in 2018

When asked; “What are your 2018 expectations for Corporate-owned (COLI) and Bank-owned (BOLI) life insurance?” “Not significantly different than 2017,” was my immediate reply. This is to say, there continues to be significant challenges facing the industry.  In fact, the industry has seemed...

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Mitigating Potential Risk Arising From Third-Party Outsourcing

Like many organizations, insurance carriers are increasingly outsourcing core and non-core systems, business processes and data processing to third-party service providers. The trend makes sense; such shifts can significantly increase focus on core competencies, reduce costs and improve speed-to-mar...

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Policy Administration System Conversions With Andesa

The fear of expensive, time-consuming conversions has kept many life insurance and annuity carriers from leveraging modern policy administration technology. Too often, inefficient software and risky, unsupported hardware remain in production solely because the potential cost of change is deemed too ...

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Disaster Recovery

Addressing Business Interruptions of Core Life Insurance Systems Every year, IT systems within thousands of businesses are disrupted by floods, fires, tornadoes, hurricanes, lightning strikes, earthquakes, power surges, vandalism, human error or paralyzing malware.  Moreover, life insurance carrier...

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Corporate-Owned Life Insurance Technology Whitepaper

Corporate-owned life insurance and bank-owned life insurance (COLI/BOLI) product lines are an important niche of the overall US-life insurance industry for 2016. These products, which provide a key funding mechanism for employee benefit programs, including executive compensation plans, tend to be un...

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