BRDP Business Rules - Latest and Greatest News

Insurancetech :: ALLIANCES & PARTNERSHIPS: "ILOG/VERSATA PARTNER
ILOG (Mountain View, CA), an enterprise software components provider, and Versata, Inc. (Oakland, CA), a provider of software and services that automate business logic and processes, have entered into the second phase of a partnership that will result in the creation of end-to-end business process management solutions for Global 2000 companies. "

Insurancetech :: XML-Centric Product Powers e-Quoting: "Provident Washington Companies "

Insurancetech :: CIGNA Speeds Approval Requests: Securing approval for healthcare appointments requires rigorous application of business rules to determine patient eligibility. The greater the degree of automation in the process, the faster business can be done and the happier healthcare providers will be.

Business rules for approval were scattered throughout many software applications and accessing and changing them was difficult and slow.


"CBH undertook an RFI process to identify candidates and invited them in to present demos and to give CBH's IT staff the opportunity to evaluate their systems. In February 2001, CBH selected The Haley Enterprise's (Sewickley, PA) Authorete graphical, speech-driven interface and CIA Server, which were to be supported within a home-grown Web application called eCare. 'Authorete is the tool we used to establish the rules that would be used by eCare, and CIA Server executes those rules,' Carl comments."

Insurancetech :: ILOG/DWL Partnership Targets Data Consolidation

Insurancetech :: Getting There First: "'You can argue that there's always been an issue with technology being the bottleneck on the critical path, but now that a lot of companies have done good work around streamlining business processes,' IT can be seen as even more of an impediment than an enabler of business, says Paul McDonnell, managing director and insurance segment leader, KPMG Consulting (New York).
Legacy environments, for all their virtues, are simply not designed to permit the quick modifications that are necessary for market agility. 'A product is basically a collection of rules, and historically these rules have been written into lines of code within the systems,' McDonnell says. 'But going in and modifying those rules can be a complex problem.' So much so, that an insurer might not even bother introducing a new product via existing systems, but will simply go out and buy a new system, or create another version of the same one.
To the extent that product rules can be externalized from the system, the possibilities exist for bringing the capability to change the structure of products directly into the hands of the business people who produce those products' specifications. Industry thinking about how much systems-based product development can be handed over to the business ranges between two extremes, according to McDonnell. 'There's a continuum: One end is where, whenever you introduce a new product, you need to get someone to open up the system and write new code. The other end of the spectrum is where 100 percent of the rules are where people can get at them and change them,' he says. What makes sense for most insurance companies is to be somewhere in the middle, McDonnell opines. 'There are companies and people out there that say, 'Speed-to-market means I need to be way over on the right where I've do"

Insurancetech :: Underwriting System Rescues Fireman's: "Selectica "

Insurancetech :: Product & Services Showcase: "RULES MANAGEMENT
OBJECT CONNECTIONS
SYDNEY--Object Connections, a provider of rules-based software components and solutions, has released Common Knowledge�a business rules management solution that offers a range of integration support across multiple development and deployment environments. Common Knowledge is a visual studio environment that allows business users and software developers the means to define, manage and modify the business logic behind complex applications by altering the rules visually, claims Object Connections.
WWW.OBJECTCONNECTIONS.COM "

Insurancetech :: THE KEYS TO BUSINESS MANEUVERABILITY: "8) Collaborative processes based on externalized business rules: Business rules must reside where they are available to all members of the value chain (customers, channels, partners, suppliers) and open to change. "

Insurancetech :: Life Insurers Begin PATRIOT Prep: "'Planning needs to start now because there are a lot of data and profiling issues, as well as segmentation that needs to be done,' explains Neal Oswald, leader of the Canadian financial services practice, Cap, Gemini, Ernst & Young (CGE&Y, New York). The technology implications, he says, will require that business rules be put in place in order to profile segments and sub-segments of the customer population. Additionally, the use of analytic techniques will be necessary for comparison across segments and the identification of suspicious transactions. "

Seeking to build a high degree of agility into its new claims system, Vision Service Plan (VSP) has implemented Mountain View, CA-based ILOG's BRMS (Business Rules Management System), which will support the carrier's long-term goal of pushing business rules maintenance beyond the exclusive purview of its IT organization.
Insurancetech :: VSP IMPLEMENTS ILOG RULES SYSTEM TO IMPROVE CLAIMS PROCESS

Insurancetech :: Norwich Union Conserves Brainpower: "Capturing Business Rules - In early 2001, Clear Technology Inc. (Westminster, CO). showed its new product, Tranzax, to NUI. The software is designed to help automate a consistent set of business rules within a process, regardless of the systems that support that process. Robinson gave Tranzax a try.

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Insurancetech :: Extending Underwriters' Reach With Intelligent Underwriting: "Questerra's Web-based intelligent underwriting application combines the factor of location with a company's internal policy data and predictive modeling calculations, says Mark Stier, vice president, product management. 'Underwriting applications are then built around business rules that can be applied in real time to the decision-making process.' "

Insurancetech :: Alliances & Partnerships: "BUSINESS RULES DEAL
Corporate Systems (Amarillo, TX) and The Haley Enterprise (Pittsburgh) have partnered to integrate Haley's business rules engine within Corporate Systems' CS ClaimSuite. "

Insurancetech :: Playing by the Rules: "THIS MONTH'S EXPERTS
DON BUSKARD
Senior VP and CTO, AXA Financial (New York)
PETER RENNA
VP/Senior Actuary, Individual Business, MetLife (New York)
VINOD KACHROO
AVP, IT, MetLife, (New York)
MARK RYAN
Sales Manager, PegaRULES, Pegasystems Inc., (Cambridge, MA)
JOHN LUCKER
Senior Manager, Quantitative Services, Deloitte & Touche (Hartford)
KEN MOLAY
Director of Strategic Marketing, Fair Isaac Corp., (San Rafael, CA) "

Insurancetech :: Tech Fair Boosts Interaction: "On May 15, 2003 the system-which helped AXA realize efficiencies because it eliminates manual reviews-was rolled out. Suitability Review system is mostly Oracle- (Redwood Shores, CA) and Java-based, explains Nigel Hill, who is a director in applications services, AXA. He adds that the system utilizes a business rules application, which enables business members to change rules without the intervention of IT personnel. "

Insurancetech :: Commerce West Makes the Rules

Insurancetech :: ALLIANCES AND PARTNERSHIPS: "FILENET/ILOG DEAL
FileNet Corp. (Costa Mesa, CA) and ILOG (Mountain View, CA) have integrated ILOG's Jrules and FileNet's BPM suite to boost agility by supporting process change through business rules management. "

Insurancetech :: Transformation Specialist

At a time when massive projects are anathema, and insurance companies are looking for incremental deliveries on shorter timetables, the California State Auto Association (CSAA), has turned to IBM BCS (Business Consulting Services) to help it engineer a radical business and technology transformation due to be completed by the end of 2006.

Among the new vendor products CSAA has decided to implement include a policy administration system and a rating engine from TiG (The Innovation Group, London), “with [San Rafael, CA-based Fair Isaac's] Blaze as a rules engine overlay,” Wilkes says, as well as a Callidus (San Jose, CA) system for compensation, and E.Piphany (San Mateo) for CRM. “We've moved our middleware to [IBM's] WebSphere,” Wilkes adds.


Insurancetech :: CSAA LOOKS TO IBM IN ENTERPRISE TRANSFORMATION BID

The Power of Business Rules - TDWI Research

BRCommunity.com : The Business Rules Market Resurrection Continues