This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Newsbyte: SAP Introduces First Cloud-Based Solution For Analyzing Insurance Regulatory Content





WASHINGTON, D.C., June 3, 2013 /PRNewswire/ --  SAP NEWSBYTE To enable insurers to quickly offer the right insurance offerings to clients while helping reduce complexity of regulatory compliance, SAP AG (NYSE: SAP) today announced the market's first cloud-based solution for tracking and analyzing Insurance Service Office (ISO) Circulars. The SAP® Circular Authority for Insurance solution aims to help insurers track circular changes, plan for their implementation, analyze the potential impact on company products and record adoption decisions. The announcement was made at the IASA Annual Conference, being held June 2-4 in Washington, D.C., where SAP is exhibiting at booth 715 and 913.

(Logo:  http://photos.prnewswire.com/prnh/20110126/AQ34470LOGO)

Maintaining rates, rules and forms across multiple jurisdictions is a complex and labor-intensive process for most insurers. With hundreds of changes impacting each line of business every year, it is difficult to stay on top of the latest loss cost trends, policy forms and regulatory rules.

"SAP has designed SAP Circular Authority to be a cloud-based business tool for business users," said Karen Furtado, partner, Strategy Meets Action. "It is a solution offering that empowers insurers — giving them the capability to make more timely and frequent product updates, while reducing overall regulatory management effort and costs. Insurers that use ISO content should take note of the SAP Circular Authority announcement — there is significant value in the capabilities."

SAP Circular Authority for Insurance is planned to include the following features and benefits:

  • Deep insight into ISO Circulars for following the progression of a change as circulars are published
  • Streamlining and standardizing the process for analyzing and adopting ISO changes
  • Improved speed to market for new and refreshed insurance products
  • Less time needed to receive, track and interpret ISO circulars, enabling staff to focus more on higher-value product work
  • Improved regulatory compliance by leveraging the latest ISO rates, rules and forms
  • Enhanced price precision by leveraging the latest ISO loss costs
  • Historical information to support future decision-making
  • Improved IT-business alignment for a single, centralized view of company decisions and requirements

"SAP Circular Authority for Insurance is powered by the groundbreaking combination of ISO Electronic Rating Content, forms, circular tracking and SAP Product Lifecycle Management," said Ross Orrett, president and CEO, Camilion Solutions, an SAP company. "It will offer an intuitive, business-focused solution for finding, tracking and understanding the impact of these trends and regulations, recording company adoption decisions and producing business specifications."

For more information, visit the SAP Newsroom and the SAP for Insurance page on sap.com. Follow SAP on Twitter at @sapnews.

Media Contacts: Crystal Lu, +1 (650) 455-0755, crystal.lu@sap.com, PDT Amanda Oey, +1 (212) 279-3115,  aoey@prosek.com, EDT

SOURCE SAP AG

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,943.81 +28.74 0.17%
S&P 500 1,967.57 +2.89 0.15%
NASDAQ 4,415.49 +19.2860 0.44%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs