Monday, 28 February 2011
Sunday, 27 February 2011
General Insurance Systems for Brokers
General Insurance Systems for Brokers need a comprehensive insurance accounting module to provide full accounting support of all financial transactions. This insurance accounting module should include a “Terms of Trade” mechanism within the accounting module that encompasses any contractual/commercial agreements between parties in the insurance process.
In order to relieve the broker of complete dependency on the carrier’s product development cycle, additional functionality should include a Product Manager tool that allows independent and rapid deployment of insurance products in house. The insurance accounting system should enable personal and commercial lines to be introduced in a variety of mono-line and multi-line packaged offerings, providing multiple coverage options. This will enable the broker to address the time-to-market need while being proactive and responsive to market conditions. In this way the broker can take the initiative and lead the market with creative and flexible products.
Many insurance brokers have existing legacy applications so any general insuranceaccounting system for brokers will need to integrate with existing legacy applications, as well be able to be rolled out in a modular, component-based format suitable for vertical integration.
An effective general insurance accounting system for brokers should include the following operational features:
The insurance broker needs to be able to provide partners, such as a distributed sales-force, agents, carriers and service providers, controlled access to the system’s functionality with restricted and highly secure access to their related data. The various parties in an insurance business network need to have the freedom of either utilising the system components or integrating them with their own systems.
JMR Consulting UK Ltd and IDIT IDI Technologies are working together to bring the IDIT general insurance software solution to the UK Market. To find out more about the IDIT solution, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.
General Insurance Accounting Systems for Brokers Need to be Flexible
In order to relieve the broker of complete dependency on the carrier’s product development cycle, additional functionality should include a Product Manager tool that allows independent and rapid deployment of insurance products in house. The insurance accounting system should enable personal and commercial lines to be introduced in a variety of mono-line and multi-line packaged offerings, providing multiple coverage options. This will enable the broker to address the time-to-market need while being proactive and responsive to market conditions. In this way the broker can take the initiative and lead the market with creative and flexible products.
Many insurance brokers have existing legacy applications so any general insuranceaccounting system for brokers will need to integrate with existing legacy applications, as well be able to be rolled out in a modular, component-based format suitable for vertical integration.
General Insurance Accounting Systems for Brokers
An effective general insurance accounting system for brokers should include the following operational features:
- Rapid integration with legacy systems
- Phased implementation of selected modules
- Fast Time to Market via diversified channels
- Single point of entry
- Collaborator partnerships with affinities, co-insurers, brokers, agents and service providers
- Full range of personal, commercial and specialty lines of business
- Innovative mono-line and multi-line packaged offerings
- Automated, effective, efficient processes
- The broker to become a one-stop-shop for all of their customers needs
- Advanced CRM and relationship oriented
- Customer centric approach
The insurance broker needs to be able to provide partners, such as a distributed sales-force, agents, carriers and service providers, controlled access to the system’s functionality with restricted and highly secure access to their related data. The various parties in an insurance business network need to have the freedom of either utilising the system components or integrating them with their own systems.
JMR Consulting UK Ltd and IDIT IDI Technlogies
JMR Consulting UK Ltd and IDIT IDI Technologies are working together to bring the IDIT general insurance software solution to the UK Market. To find out more about the IDIT solution, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.
See this Amp at http://amplify.com/u/brxzf
Little by little, iteration by iteration, the Chrome browser is morphing into a full-fledged multitasking operating system http://goo.gl/boduQ
Friday, 25 February 2011
How to build a business without employees http://bit.ly/eK2LN0 what does your business model look like?
Craigslist 'a cesspool of crime': study - Classifieds site Craigslist linked with 330 crimes, bad experiences anybody? http://goo.gl/zRnzy
Thursday, 24 February 2011
Wednesday, 23 February 2011
General Insurance Projects – 5 tips for success
Managing General Insurance Projects is not for the faint hearted but when completed successfully is very rewarding. Look at our Project Management Services page for some general information. If you’re keen to succeed with a general insurance project, then read on. Make sure you treat it with the respect that any business project deserves! Follow these basic project management tips for project success for your general insurance project. These basic principles can be applied to business projects in any sector but this blog concentrates on general insurance systems and solutions.
All projects need a clear business case and it is critical that when you start to work on any project, make sure that you have a clear and agreed business case. This is important because all projects should be planned on the basis of an agreed and achievable set of business objectives. If you don’t start with a clear set of business objectives, then your project runs the risk of failure.
In business risk is everywhere so another important consideration for the success of your project is to think about the risk to your project. It’s a good idea that you spend some time thinking through “what could go wrong” and “how it could go wrong” ”what controls are in place now to stop this going wrong” and put in place some plans to mitigate the risk factors that you identify.
Fail to plan, Plan to fail is an old military saying and it is still very true today for business projects. All of the world’s most successful general insurance businesses are generally ‘expert’ at planning. So make sure you have a sensible plan and list out all your major phases, activities, tasks and deliverables. Making a general insurance project work for you is just like any other project. Build and work with a finite and defined project life cycle that is flexible and repeatable.
Some change to business requirements is inevitable because the business environment will change during your project. However, manage your insurance project delivery in a practical way and keep your changes to the minimum. Change introduces lots of risk and every change should be verified back against the business case. Instead of complicating projects by introducing lots of constant change, stick to the 80/20 rule and get 80% of your requirements done first.
Make sure that testing forms a big part of your plan and plan your testing early. Test planning for general insurance projects should never be left to the end and should form part of an overall integrated project plan. It is important to have a clear idea of what you want to achieve and establish some clear test plans to verify some of your key elements. Set up some basic metrics to measure the success of the various elements of your project.
So if you really want to succeed in project management then the general insurance sector is a great arena for you to shine. Follow these basic tips to avoid costly errors and re-work on your project and save yourself money and deliver your general insurance projects on time. Make sure you can put together a simple plan on one page of A4. You should be able to list all of this out on one sheet of paper. Project Management for general insurance is 90% common sense and 10% process and discipline.
We have worked very successfully with some of our major clients to
deliver fairly complex business projects. Here at JMR Consulting UK Ltd we promote the use of PRINCE 2 best practices on all our projects. If you want advice or help with your projects please contact us.
To find out more about how we can help you with project management, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.
1. General Insurance Projects need a clear business case is critical to success
All projects need a clear business case and it is critical that when you start to work on any project, make sure that you have a clear and agreed business case. This is important because all projects should be planned on the basis of an agreed and achievable set of business objectives. If you don’t start with a clear set of business objectives, then your project runs the risk of failure.
2. Your General Insurance Projects needs to consider risk so think about what could go wrong and how it could go wrong
In business risk is everywhere so another important consideration for the success of your project is to think about the risk to your project. It’s a good idea that you spend some time thinking through “what could go wrong” and “how it could go wrong” ”what controls are in place now to stop this going wrong” and put in place some plans to mitigate the risk factors that you identify.
3. Make sure your General Insurance Projects has a good plan
Fail to plan, Plan to fail is an old military saying and it is still very true today for business projects. All of the world’s most successful general insurance businesses are generally ‘expert’ at planning. So make sure you have a sensible plan and list out all your major phases, activities, tasks and deliverables. Making a general insurance project work for you is just like any other project. Build and work with a finite and defined project life cycle that is flexible and repeatable.
4. General Insurance Projects need to keep change to a minimum
Some change to business requirements is inevitable because the business environment will change during your project. However, manage your insurance project delivery in a practical way and keep your changes to the minimum. Change introduces lots of risk and every change should be verified back against the business case. Instead of complicating projects by introducing lots of constant change, stick to the 80/20 rule and get 80% of your requirements done first.
5. Your General Insurance Projects need to test, test and test again
Make sure that testing forms a big part of your plan and plan your testing early. Test planning for general insurance projects should never be left to the end and should form part of an overall integrated project plan. It is important to have a clear idea of what you want to achieve and establish some clear test plans to verify some of your key elements. Set up some basic metrics to measure the success of the various elements of your project.
General Insurance Project Success
So if you really want to succeed in project management then the general insurance sector is a great arena for you to shine. Follow these basic tips to avoid costly errors and re-work on your project and save yourself money and deliver your general insurance projects on time. Make sure you can put together a simple plan on one page of A4. You should be able to list all of this out on one sheet of paper. Project Management for general insurance is 90% common sense and 10% process and discipline.
We have worked very successfully with some of our major clients to
deliver fairly complex business projects. Here at JMR Consulting UK Ltd we promote the use of PRINCE 2 best practices on all our projects. If you want advice or help with your projects please contact us.
To find out more about how we can help you with project management, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.
See this Amp at http://amplify.com/u/brisv
Tuesday, 22 February 2011
Monday, 21 February 2011
Online Reputation Management - Monitor, Influence and Lead your Reputation Online http://goo.gl/vDluS
Sunday, 20 February 2011
Saturday, 19 February 2011
Friday, 18 February 2011
Online Reputation Management of your BRAND - MANAGE perceptions, don’t try to CONTROL them http://goo.gl/sgri
Data could hold the key to innovation gains - are we only at the beginning of an IT driven revolution.. ? http://goo.gl/2NvJi
Thursday, 17 February 2011
Wednesday, 16 February 2011
Tuesday, 15 February 2011
Monday, 14 February 2011
Sunday, 13 February 2011
Digital Marketing Tips to Get Your Online Marketing Ready for 2011
Digital Marketing for your business
It's time to strengthen your online presence, so that you can take advantage of the emerging Internet marketing trends in the coming year.
1. Go mobile. Is your website easy and enjoyable to view on a mobile phone? With more and more iPhones, iPads and
Android powered smart-phones in use, mobile marketing will expand beyond mobile messaging. Mobile email, mobile
websites and mobile applications are already viable marketing channels. Make your website mobile-friendly now!
2. Use video. Video is an incredible way to connect with people online. Video will help your website get "super-optimized" for
search engines. A page with video has a strong likelihood of being ranked higher than one that's purely text-based. With high
speed Internet and lowered cost of video production, the impact of video in marketing is ever-increasing.
3. Social media marketing is maturing. Is your website ready to take advantage of the reach and influence of Facebook and
Twitter? With Facebook Credits and social commerce sites such as Groupon, your customers can actually start their
purchase decision cycle via these sites. Get ready to harness the commercial value of the Facebook 'like' button, since peer
recommendation will be more powerful than the push model.
4. Go local. Is your website optimised for localized searches? Today, every major search engine like Google, Yahoo! and Bing is
serving up local results to make things easy for online users. Does your business figure in the top ranks of these search
listings? Dominating the local space is the stepping stone to big business outside. Make sure your search and social
marketing strategies factor in location-based opportunities.
5. Content still rules. Continue to offer free information to your customers. Paid content will continue to suffer in 2011, and if
users can find your information elsewhere for free, then they will go there for it. Your business should go beyond advertising,
preaching and pushing products. Be useful to your audience - provide material that's useful to them.
6. Tweak your email marketing strategy. Email marketing still remains a proven way to achieve business objectives.
Segmentation and targeting will allow you to deliver a tailored and relevant message to potential customers to give the best
possible click-through and conversion performance.
7. Upgrade your website. Edit, reword and improve the look of your website to make sure it's relevant and up-to-date. Set
unique titles and descriptions for each page/post of your website, which is critical for SEO, and also for feeding your site into
social media channels. Generate an RSS feed so that visitors can subscribe for updates via a feed reader or email.
8. Set up analytics. Use Google Analytics or something similar to spell out your marketing goals, integrate it with your online
marketing program to see how you are progressing. Evaluate results from your specific online marketing activities (i.e.
shopping cart, PPC ads, social media channels, etc.) so that you can see how well each is doing for you.
Ultimately, success in the field of Internet marketing will depend on your company's ability to provide the best customer
experience. If you can build and nurture a real and meaningful relationship with your customers online, success will be yours.
To learn more, contact your local WSI Digital Marketing Consultant or call us on 01580 819529.
See this Amp at http://amplify.com/u/aq1fa
Saturday, 12 February 2011
Companies who advertise on the internet will face stricter rules and regulations from next month. http://goo.gl/tSqGq
Friday, 11 February 2011
Missed this post first time round but some great tips here - 27 Ways to View the Web Beyond Your Site http://goo.gl/eYmNY
Thursday, 10 February 2011
Wednesday, 9 February 2011
Gartner Says Worldwide Mobile Device Sales to End Users Reached 1.6 Billion Units in 2010 http://goo.gl/SDUtE
Tuesday, 8 February 2011
Monday, 7 February 2011
Sunday, 6 February 2011
Friday, 4 February 2011
Thursday, 3 February 2011
Wednesday, 2 February 2011
Tuesday, 1 February 2011
A World Without Email – Year 3, Weeks 29 to 51 (The Email Starvation Continues…) http://goo.gl/JaiJy
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