paul.nowak wrote: Matt, thanks for the comments. I made an error on the version of Plone. It's 2.5 Plone running on Zope 2.9x.
In regards to the additional products, we have a skin installed and we have a product that we had custom developed for us that connects to a PostgreSQL database. We've looked at slow PostgreSQL queries causing problems and have not been able to find an issue. We've also tested for the case where the PostgreSQL server is down and have not been able to create an issue. We therefor...
HCL Technologies announced Penstock InsureWrite, an
SOA-based policy underwriting system that automates the entire underwriting
process, allowing insurance carriers to consolidate the multiple administration
platforms used across their entire business. The highly competitive landscape
of Property and Casualty (P&C) insurance has made it difficult for carriers
to maintain an edge by continuing their core operations -- such as ratings,
quoting, underwriting, policy issue and administration -- with legacy system
support. Insurance carriers who fail to address their aging policy
administration systems are finding it difficult to adapt to changes in the
business environment, or to build and deliver products/services. HCL's Penstock
InsureWrite addresses all these challenges.
"Insurance companies must think about handling flexible
business support components differently from the more staid policy servicing
solutions typically used today. Underwriting is rapidly becoming an area that
must be highly agile in order to handle the changing competitive scenarios,
market conditions, introduction of new products and changing risk
appetites," states Pramod Gupta, Vice President - Financial Services
Products, Penstock Product Engineering Group, HCL Technologies. "Our
solution is designed to address these needs in a more intuitive way, allowing
new rules to be defined more easily and efficiently."
HCL's Penstock InsureWrite was developed by the company's
Penstock Product Engineering group, a transformational program designed to
launch new-age technology products to solve the operational and transactional
problems of global insurers. More than 90 percent of mid-sized insurance
carriers today are still using legacy systems for policy underwriting. However,
research firm Celent has indicated that mid- to large-sized Property &
Casualty insurers have earmarked 10-25 percent of new project spending for
underwriting solutions. Insurers are realizing that new models for flow
(straight through processing) and transaction (exception handling) business can
provide them with improvements in flexibility, operational scope and scale.
Highly flexible, the SOA-based Penstock InsureWrite features
pre-configured industry-related content and robust configuring processes to
suit dynamic business requirements. The solution replaces legacy policy
administration systems by automating the entire underwriting process -- from
quote issuance to underwriting, including policy and endorsements issuance --
with a focus on workflow optimization and business rules management. The system
also combines policy management solutions with more open capabilities and
loading processes, such as claims reporting and front office automation.
Strengthening insurers' strategic risk management
capabilities, the Penstock InsureWrite underwrites commoditized risk while
restricting the direct intervention by underwriters/Risk Officers to only
complex risks and exceptions. The solution also enables the grouping of
logically related functions into modules, which can be deployed independently
or on a unified basis.
About SOA News Desk SOA World Magazine News Desk trawls the world of distributed computing and SOA-related developments for the latest word on technologies, standards, products, and services and brings key information to you in a timely and convenient summary form.
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