SOA

Frank Heaps
Director, P&C Product Marketing
StoneRiver

That is a great question. Each year we see a new report from analysts and industry media that laments the aging work force of insurance and insurance IT professionals. When you couple the aging workforce issue with carriers that are downsizing or not replacing staff that leave, this is a real and a serious business problem. We know that the market will turn at some point, and indications are it could happen within the next 12 to 18 months. Will you be ready? How long does it take you to train an underwriter? An adjuster? A CSR?

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Don Goodenow
Director, Product Management, Reinsurance & Collections
StoneRiver

You know BOB. Sure you do. BOB’s been around for a long time, and I’m sure you’ve seen BOB, or a BOB look-alike a number of times. Everyone knows BOB - Best Of Breed.

BOB’s been the object of everyone’s desire: the absolute best processing component that you could ever want. Powerful and feature-rich, good old BOB was the best at his specific task. He’s been sought-after for as long as I can remember.

But BOB hasn’t had it easy. BOB didn’t always work well with others, and this has become a big problem. Being compared to that other ideal, the fully integrated suite, took its toll. In today’s world, being BOB just isn’t good enough. But neither is just being an integrated suite.

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Don Goodenow
Director, Product Management, Reinsurance & Collections
StoneRiver

It seems like you can’t turn around without bumping into someone’s new or improved SOA-based process. Platform-based, service-oriented, loosely-coupled, API-interfaced: everyone wants to be there.

That’s great. Service-oriented architecture can deliver real benefits, but let’s remember – it’s an architecture, not a solution in itself. Just like post-and-beam is an architectural style, SOA is a way to build things. So now we have new tools. The important question is the same as it has always been: what do you build with them?

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Don Goodenow
Director, Product Management, Reinsurance & Collections
StoneRiver

In my last post we looked at three common services that can be found in an SOA-based processing suite. Today we’ll look at three more.

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Don Goodenow
Director, Product Management, Reinsurance & Collections
StoneRiver

In my last post, I outlined how regulatory requirements have become more demanding of insurance carriers. Is this something we as software vendors should be concerned with? If so, what should we be doing about regulatory requirements?

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