Monday, December 29, 2008

NAMIC to partner in study of P/C policy systems

INDIANAPOLIS—The National Assn. of Mutual Insurance Cos. will partner with management consulting, advisory and research firm Insurance Technology Group Inc. on a comprehensive survey of the business drivers influencing property/casualty insurers' policy administration practices and processing.

The survey will shape the business context for a policy administration study Toronto-based ITG is conducting with the sponsorship of Industry Focus and the support of O'Brien Communications Group L.L.C.

The partnership with Indianapolis-based NAMIC will include a telephone survey beginning this month of NAMIC members investigating insurers' business strategies and their experiences with policy administration practices and solutions.

the partnership will also include a webcast reporting initial results, and a survey of summary results.

The ultimate policy administration study will be an in-depth collection of information on vendors and their solutions. The study will begin in January, with results to be published and available in the second quarter of 2009.

In a statement, Bart Anderson, NAMIC's senior vp of member services and communications, said the survey "will help NAMIC better serve its members by providing valuable information for aligning business and IT strategies."

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