Mainframe COBOL » insurance

Skills shortage fears for mainframe computing

Mike — Mon, 26 Sep 2011 22:32:42 +0000

The large-scale mainframe computers that run banks, insurance companies and government departments are being maintained by an ageing workforce and a skills shortage is looming.

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IBM Delivers the First zEnterprise Mainframe to Re-insurance Firm Swiss Re

Mike — Wed, 29 Sep 2010 22:31:31 +0000

IBM (NYSE: IBM) today announced it has shipped the first two generally available IBM zEnterprise 196 mainframe systems to Swiss Re, one of the world’s largest reinsurers.

The zEnterprise 196, which was announced on July 22 and became generally available on September 10, 2010, has already been selected by a range of financial services companies, retailers and manufacturers around the world, including in the United States, Switzerland, Sweden, Mexico, Germany, Italy, France, Denmark, Japan, Brazil and Canada.

Insurance comparison websites create IT headaches

Mike — Thu, 16 Sep 2010 22:35:47 +0000

“Companies already have quotation engines that generate insurance quotes [internally], but these are often part of older systems, very often on mainframe computers and embedded in processes used by sales and customer service staff.”

Do Insurance Systems Suffer from a Legacy of Bad Decisions?

Mike — Tue, 25 Aug 2009 21:33:06 +0000

… the insurance practice at Novarica, wrote in a responding post that “the problem with Mainframe/COBOL systems is not that they’re bad at what they do. … MORE

Benefits Outweigh Costs for Modernizing Legacy Systems

Mike — Tue, 28 Apr 2009 16:27:14 +0000

There is little doubt that modern, automated insurance systems can do jobs faster, easier and less expensively than outdated legacy systems, but some significant challenges face insurers who elect to modernize their enterprises.

More here.