EFusion 2005: the Business of Insurance.Catastrophes Will the recent hurricanes, insurance industry investigations and the overall state of the U.S. economy negatively impact your organization's information technology budget for 2006? No 77% Yes 21% Not Sure 2% Note: Table made from bar graph. 29% Percentage reporting their IT organization is prepared for an increase in catastrophes. Will predictions of increased natural disasters in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and the potential threat of a pandemic pandemic /pan·dem·ic/ (pan-dem´ik) 1. a widespread epidemic of a disease. 2. widely epidemic. pan·dem·ic adj. Epidemic over a wide geographic area. n. demand more services and productivity of your organization's information technology operations Information technology operations, or IT operations, are the superset of all processes and services that are both provisioned by an IT staff to their internal or external and used by themselves, to run themselves as a business. ? No, our IT organization is already prepared. 29% Yes, our IT organization will need to increase its ability to meet these potential threats. 63% Not Sure 8% Note: Table made from pie chart. A.M. Best Surveys Insurance Technologists About 150 insurance professionals were surveyed Oct. 17 and 18 during the A.M. Best Co. Insurance and Technology Conference, E-Fusion 2005, in Philadelphia Philadelphia, ancient cities Philadelphia, name of several ancient cities. One was in Lydia, W Asia Minor (now W Turkey). At the foot of Mt. Tmolus and near the location of modern Alaşehir, it was founded in the 2d cent. B.C. . The topics ranged from the projected impact of catastrophes such as Hurricane Katrina  Editing of this page by unregistered or newly registered users is currently disabled due to vandalism. to the deployment Installing, setting up, testing and running. This military term, which means the placement of troops and equipment in the field, is widely used with computers as an alternate to the word "implementation. of technology resources within the
insurance community.Organizational Structure  This article has no lead section.To comply with Wikipedia's lead section guidelines, one should be written. Is your organization's head of technology a member of the top executive team? Yes 84.2% No 15.8% What is the main reason certain technical development is not outsourced? It's too private 22% We're philosophically opposed to outsourcing 28% It's too complex 50% Note: Table made pie chart. What is the importance of enhancing data warehousing and data mining capabilities at your organization? It is not a critical function 5% It is of no importance 6% It is critical to our success 43% It is an important function 52% Note: Table made pie chart. What is your organization's greatest IT challenge? Integrating new technology 50% Finding and retaining technical talent 15.9% Retaining competent project managers who know business and IT 15.9 Justifying IT expenses 11.4% Coping with outsourcing 4.6% Other 2.3% Note: Table made bar graph. What is the main focus of your organization's IT department? Creating new systems for marketing or Web site applications 25.9% Maintaining existing systems 29.6% Creating new systems for claims processing or underwriting or policy administration 38.9% Other 5.6% Note: Table made pie chart. How is the IT budget at your organization likely to grow over the next few years? Very Little 44% Moderately, but at a higher rate than premium growth 36% Substantially, outpacing most other budget increases 14% Not at all 6% Note: Table made bar graph. Does your organization have any biometric bi·o·met·rics n. (used with a sing. verb) The statistical study of biological phenomena. bi security triggers? No 92% Yes 8% Does your organization outsource outsource verb To assign specific work to a 3rd party for a specific length of time at an set price and service level Managed care To use outside labor to perform functions–billing and collections, accounting, janitorial services, ER technical development? Most 16% None 22% Some 62% |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion