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Conference 35.181::insurance

Title:Insurance Industry Conference
Moderator:ICPSRV::DOVE
Created:Thu Feb 18 1988
Last Modified:Wed Feb 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:136
Total number of notes:551

27.0. "IBM's Activity in the Industry" by NCVAX1::DICKS (Only the Good Sell VAX) Thu May 05 1988 02:00

    In the May 2nd Computerworld (pg 10) is an article on the results of
    IBM's executive seminar for the insurance industry.  There was a lot of
    discussion on Office Automation, Scanners, and Expert Systems.  

    The following accounts were mentioned:
    
    Fireman's Fund
    Physican's Mutual
    USAA
    Provident Life & Accident
    CNA    
    
    I'll try to have the text of the article added to this note by Friday. 
    
    
T.RTitleUserPersonal
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27.1CW 5/2/88 ArticleNCVAX1::DICKSMad Dogs and MadisoniansTue May 17 1988 00:0488
                                 Computerworld
                                  May 2, 1988
    
                     INSURANCE FIRMS SEEK PAPERLESS OFFICE
      Look to scanning devices, expert systems to help increase efficiency
                              By Kathy Chin Leong
    
    PALM SPRINGS, Calif. -- More than 800 major users flocked to the IBM 
    Insurance Executive Conference here last week, anxious to make progress 
    toward the goal of a paperless office. 
    
    At the 12th annual meeting of domestic and international MIS directors, 
    electronic imaging and expert systems took center stage.  Compared with 
    past years, these two technologies now seem to offer relief for the 
    truckloads of documents plaguing the $4 billion insurance industry.  
    
    Skyrocketing medical costs, legislative reforms and increased pressure 
    to offer new products all add to the job complexities in insurance, 
    noted David Griffin, vice-president of underwriting at Fireman's Fund 
    Insurance Co. 
    
    Kathy Wilson, IBM's director of insurance industry marketing, added, 
    "There is already tremendous diversity in insurance.  You have life, 
    property, casualty and health, and if you start breaking this down, you 
    are hard-pressed to find a similar set of solutions. 
    
    Common to insurance companies, however, is the need to decrease 
    paperwork.  Unlike other industries that focus on manufacturing goods, 
    the product for these firms is the paper document: the insurance 
    policy. 
    
    For that reason, users are hungry for information that would eventually 
    lead to a paperless office.  They see an immediate use for image 
    scanning devices, which scan insurance policies and case photographs 
    and diagrams. 
    
    "That's why I came here," said one user from Physician Mutual.  "It 
    gets really expensive to store files." 
    
    Adding to the excitement was a briefing on IBM's joint-development 
    image scanning project with United Services Automobile Association, 
    which will blaze a trail for others to follow.  The San Antonio-based 
    organization has installed IBM workstations in a network of optical 
    storage devices, image scanners and IBM 370 mainframes.  Users at the 
    company will store mail in optical disks, eventually reducing the need 
    to save orginal documents. 
    
    Another user offered his solution to reduce the paperwork load.  
    Provident Life & Accident Insurance Co. in Chattanooga, Tenn., has 
    developed a personal computer software package that enables staff 
    secretaries to create more accurate documents through the use of 
    boilerplate features. 
    
    Before, the staff was generating reams of wasted paerwork.  Since the 
    software package was added, the cost of generating a letter has dropped 
    from $2 to 28 cents, said John Germann, vice-president of MIS 
    applications at Provident. 
    
    Leader of the pack
    
    For many years, the insurance sector has been a leader in automation 
    because of the need for quick turnaround. 
    
    In such an industry, getting a policy to the client quickly may mean 
    the difference between clinching or losing the contract, according to 
    MIS directors.  And if customers fail to receive reimbursement checks 
    in a timely fashion, they may not sign up for services the following 
    year. 
    
    This is why CNA Insurance Co. in Chicago urged MIS professionals to 
    adopt expert system software as a means of accelerating the work of 
    claims adjusters and examiners. 
    
    Danielle Barcilon, senior manager of life and health systems at CNA, 
    said she expects her claims adjusters will be 30% to 40% more 
    productive with the use of an expert system the company co-developed 
    with Policy Management Systems Corp. in Columbia, S.C.
    
    CNA is currently testing the expert system package, which operates on 
    an IBM Token-Ring network.  Among other things, the system is expected 
    to alleviate the hassle for claims adjusters of poring through manuals 
    to determine whether an accident or medical treatment is covered. 
    
    "We want to increase the productivity of our examiners and, at the same 
    time, make our claims payment consistent," Barcilon said. 
    

    
27.2ACESMK::SILVACarl SilvaTue Jan 23 1990 21:005
	Does anyone know where I can find information on IBM's IVANS (?)
network?

	Carl
27.3IVANS CONTACTFOOZLE::BAKERThu Jan 25 1990 18:405
    I suggest you get in touch with John Mikle @aet. He has, in the past,
    had considerable contact with that organization (IVANS). It is, by the way, a
    value added network and standards management organization. Its mission
    is to make it easy for agents to communicate with insurance companies -
    and visa versa.
27.4ACESMK::SILVACarl SilvaTue Jan 30 1990 02:033
	Thanks, for the info.  I will contact John!

	Carl