Why Regulation isn't the Only Reason to Refresh Financial Systems
Insurance & Technology
Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk management. He is a frequent speaker and moderator at live and online events held by both I&T and third parties. A veteran of the trade press, Nathan worked as a database marketing reporter and copy editor for Direct Marketing News, as well as an assistant editor for The Toy Book, before coming to I&T. He is a graduate of Buffalo State College and a proud Western New York native.
The Nolan Company
Steve Callahan is practice director for insurance with the Robert E. Nolan Company, a
management consulting firm specializing in the insurance industry. Steve has over 25 years of
experience in the insurance and financial services industry. In addition to his consulting roles, he
has held senior executive positions over technology and operations departments at Firemans
Fund, American Express, GE Capital, and Matrix Direct. Steve’s expertise includes: strategic
planning; business acquisition, integration and optimization; organizational design; change
management; new business, customer service, and call center operations; and complex systems
implementations. He earned his Master Black Belt while at GE, and holds an MBA in
Information Systems and an MS in Financial Services.
Steve is a frequent contributor to industry journals including LOMA Resource, theInterpreter,
Insurance & Technology, Insurance Networking News, TechDecisions, and the Nolan
Newsletter, as well as speaking at conferences and webinars and conducting industry research for
white papers on hot topics like analytics, social media, and forecasts.
NA Product Manager
UNIT4 Business Software
Mike is the North American Senior Product Manager for UNIT4 Business Software. He is a British CPA and has a wealth of experience as both a practicing accountant and as a consultant in a career spanning over 20 years. He has been involved with UNIT4 Coda Financials for over 14 years and has worked with some of their largest clients, worldwide. He has a broad knowledge of accounting software and best practices, and has exceptional knowledge of Electronic Invoicing and Payment initiatives, Time & Billing and Cash Collection Systems.
In survey after survey, insurers identify regulatory and financial pressures as a prime enterprise concern. And it's legitimate: Solvency II, IFRS compliance, and healthcare reform are just some of the impactful events coming down the road. When you couple that with a tepid interest rate environment and a sluggish economy, it's understandable that insurance companies would have anxiety around the bottom line.
But even given this anxiety, IT replacement activity by insurers seemingly encompasses every system but financial and accounting management. Policy administration and customer-centric revamps are popular. Yet, modern financial systems do have an important place in enabling many of the other tech objectives at insurance companies.
In this webcast, moderated by I&T senior editor Nathan Golia and featuring The Nolan Company's practice director Steve Callahan and Unit 4, you will learn why modern financial systems are essential to:
- Meeting reporting and compliance mandates from regulators
- Working in a "big data" world with the latest analytic capabilities
- Engaging new markets and diversifying product lines to maintain profitability