SOUTH PLAINFIELD, N.J., Dec. 11, 2012 /PRNewswire/ -- Novarica Analyst Karlyn Carnahan, Farmers Alliance Insurance CIO Andy Edwardson and Rating Systems Manager Rick Kohl joined ValueMomentum's Anant Iyer, in an informative webinar to discuss key trends and strategies for Insurance rating and product innovation.
"Modifying products is a critical aspect of any mechanism for growth and doing that quickly, is a capability that carriers are looking for," said Novarica Analyst Karlyn Carnahan. Karlyn noted competitive trends and growth imperatives faced by carriers and options available to carriers vis-a-vis product and rating, in a presentation packed with valuable insights and data.
Andy Edwardson, CIO of McPherson, Kansas-based Farmers Alliance and Rick Kohl, Rating Systems Manager discussed Farmers Alliance's journey to transform a lengthy process of programming-led product changes to empowering rating analysts with tools to make rapid changes and additions to their product and pricing. "Our goal was to try to align systems with the business and emphasize the need for product changes, create a nimble environment where we could increase the speed-to-market," said Andy Edwardson. "It now takes about one person a couple of weeks or less to rollout additional states for new products," noted Rick Kohl.
Anant Iyer, Head of Product Management for ValueMomentum, including its iFoundry products, shared capabilities carriers are enabling across different phases of the product development lifecycle. "Carriers are seeking to manage deployments of their products in a much more fine grained way," said Anant Iyer.
Webinar participants engaged the panelists with a questions and answers session following the presentation.
The webinar was sponsored by ValueMomentum, makers of iFoundry Rating Engine and Product Configurator.
The webinar recording is available for viewing by actuaries, product managers, rating analysts, R&D, operations and technology executives and insurance industry thought leaders at ValueMomentum's website at http://www.valuemomentum.com/NewsNEvents/Webinar-12-5-2012.htm.
ValueMomentum provides Technology Services & Business Software to Insurance, Financial Services and Health Payor firms. Our Customers like working with us because we deliver value to their initiatives, thereby, driving their momentum. ValueMomentum does this by applying a time-tested formula of combining strong technology expertise with deep industry experience.
ValueMomentum's software for Insurance Carriers includes iFoundry Rating Engine, iFoundry Product Configurator and DealFoundry Underwriting and Portal.
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