Accenture’s underwriting solution has been selected to support Zurich Financial Services Group’s (Zurich) property and casualty (PC) insurance operations globally.
Zurich intends to leverage the Accenture Underwriting Components to support a wide range of business services, including new business submission, clearance and quoting across all lines of its PC operations. Zurich uses the Accenture Underwriting Components’ data model also to further standardize and streamline its data management processes. Zurich will implement the solution in North America and Europe with the license to later expand into other geographies.
“The Accenture Underwriting Components data model and business services are expected to have a positive impact on our existing programs and enhance our underwriting processes,” said Tom Peach, Chief Information Officer of Zurich in North America. “Accenture’s underwriting software is a valuable addition to our technology portfolio.”
“Leading insurers such as Zurich recognize the importance of underwriting management in maximizing the overall performance of the organization,” said John Vale, a senior executive in Accenture’s Insurance practice. “Leveraging the Accenture Underwriting Components, Zurich is gaining the benefit of a proven industry software solution known for raising the performance of insurers’ underwriting functions through a more disciplined underwriting process, automation of routine tasks and improved decision-making.”**
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PriceMetrix is a software firm that helps retail wealth management firms and their advisors optimize selling efforts, manage clients, identify growth opportunit ...
Steve Husk, CEO of FRSGlobal, discusses the factors financial institutions are faced with in order to equip themselves against the current regulatory environment.
The adoption of IFRS for Canadian companies is in full swing. As of January 1, 2010, Canadian companies are required to file financial statements under IFRS. Although Canadian GAAP and IFRS are similar, there are three main differences that have posed a challenge for companies: effectiveness testing, hedge accounting eligibility, and fair value measurement. While not an exhaustive list, these issues have posed the greatest challenge for Canadian corporations during the first quarter of 2010. The following paper clarifies some of the differences in hedge accounting between Canadian GAAP and IFRS and shares best practices for hedge accounting to help Canadian corporations navigate through the transition.
With this Spring 2010 Edition of the Phone System Comparison Chart quickly see differences between brands like Avaya, Mitel, Cisco, ShoreTel, 8x8, Panasonic, etc and compare over 94 phone systems by 52 brands for small to big business.