The focus of this case study is on selected topics involving information assurance and information management in the insurance industry. In particular, it discusses:
1. Holdovers in processes and/or attitudes in the early days of insurance computing.
2. Progress in moving beyond the fundamental problems.
3. Independent information processing in the industry.
4. Significant information management issues.
Holdovers in processes and/or attitudes in the early days of insurance computing
This section will briefly discuss legacy systems and software, as well as the researchers experience with legacy systems and software.
Currently, insurance companies have system structures that have been around for many years, referred to as legacy systems. Legacy systems include but not limited to system hardware, support and applications software, processes, and application data (An Insurance Executive’s, n.d.). Over all, these applications have been written for particular manufacturers' operating systems. Insurance companies are migrating their applications to new programming languages and operating systems that follow open or standard programming interfaces. The intent is to make it easier in the future to update programs without having to rewrite them entirely and ultimately to allow any enterprise to use its applications on any operating system (Rouse, 2011). Not all the legacy systems were developed for in-house use; but through mergers, acquisitions, and reorganizations. At the time when the legacy systems were developed, the systems were not designed to meet today’s compliance standards of internal audits, Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), and the regulations related to compliance. T...
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Rouse, M. (2011). legacy platform (legacy operating system). What is ?. Retrieved from http://whatis.techtarget.com/definition/legacy-platform-legacy-operating-system
Sommerville, I. (2000). Legacy Systems. Software Engineering, 6th edition. Chapter 26. Retrieved from http://csis.pace.edu/~marchese/CS616/Legacy_sys.ppt
Top Insurance Industry Issues in 2013. (n.d.). PwC. Retrieved from http://www.pwc.com/us/en/insurance/publications/top-insurance-industry-issues-2013.jhtml
What is Windows XP end of support?. (n.d.). windows.microsoft.com. Retrieved from http://windows.microsoft.com/en-us/windows/end-support-help
Wolpe, T. (2013, April 9). OK, so stick with Windows XP: But how big a risk do you run?. TechRepublic. Retrieved from http://www.techrepublic.com/blog/european-technology/ok-so-stick-with-windows-xp-but-how-big-a-risk-do-you-run/
Upgrade of the Trust’s old legacy mainframes systems to convert to a more efficient software system called “Access Plus”, an asset management system developed by Select One.
Blue Cross Blue Shield of Florida (BCBSFL) Operating Services is Florida’s largest insurer, serving more than 6 million residents in total. Three trends that redefine how Blue Cross Blue Shield of Florida brings value to its members are through consumer empowerment, E-business, and financial services modernization. BCBSFL holds approximately 30% of the HMO market share in Florida, which is twice the share of its nearest competitor. BCBSFL offers a BlueComplements program filled with discounts and services that allow members to stay healthy. Theses advantages include Healthy Alternatives, Vision One, TruVision, Hearx, GlobalFit, SafeTech, and Walgreens Mail Order Pharmacy.
The first part has a list of outdated software, legacy system. They are commonly referred to by their names such as MAS, SQL, Adhoc and other slight variations. What makes our project complex is that the systems are not operating on the same level. Some keep only our transactions and the other systems contain financial data that is booked for record. To transform all that into one system requires understanding the design of the legacy systems. Unfortunately, some of the design is not intuitive but after going through iterations of mathematical formula, you can validate some of the data. The second part called “proposed” has a list of the newer software that can be a one stop place for all data. When the project ends, the sections in the table above will be available in
Allstate insurance is the second largest property and casualty insurance company by premiums in the United States. Allstate insurance handles about 12% of the U.S home and auto insurance market. (Allstate, 2014). Many of Allstate’s customers fall under what one could refer to as a traditional selection of insurance for automobiles. Recently, Allstate has noticed a major shortcoming in lifestyle insurance, which includes coverage for motorcycles, boats, and other recreational vehicles, in comparison to its competitors. The motorcycle insurance sector is a 10.4 billion dollar industry and growing (PRWEB, 2012). The U.S. Department of Transportation website reports some astounding figures, including that 5,370,035 motorcycles were registered three years before the article, 7,138,476 motorcycles registered at the time of the article, and grew to 9,477,243 registered motorcycles at the end of 2012 (NHTSA, 2013). It is obvious as to why Allstate would identify motorcycle insurance as a worthy lifestyle product to devote marketing research dollars into in order to develop new strategies for cornering a share of the market.
National Institute of Standards and Technology (NIST): Risk Management Guide for Information Technology Systems. Special Publication 800-30, 2002.
Administrative Mandates, including the Health Information Technology for Economic and Clinical Health (HITECH) Act, ICD-10 and HIPAA 5010, are all part of administrative simplification and the need for systems optimiza...
Security helps the organization meet its business objectives or mission by protecting its physical and financial resources, reputation, legal position, employees, and other tangible and intangible assets through the selection and application of appropriate safeguards. Businesses should establish roles and responsibilities of all personnel and staff members. However, a Chief Information Officer should be appointed to direct an organization’s day to day management of information assets. Supporting roles are performed by the service providers and include systems operations, whose personnel design and operate the computer systems. Each team member must be held accountable in ensuring all of the rules and policies are being followed, as well as, understanding their roles, responsibilities and functions. Organizations information processing systems are vulnerable to many threats that can inflict various types of damage that can result in significant losses (Harris, 2014). Losses can come from actions from trusted employees that defraud the system, outside hackers, or from careless data entry. The major threat to information protection is error and omissions that data entry personnel, users, system operators and programmers make. To better protect business information resources, organizations should conduct a risk analysis to see what
Health information management involves the practice of maintaining and taking care of health records in hospitals, health insurance companies and other health institutions, by the use of electronic means (McWay 176). Storage of medical information is carried out by health information management and HIT professionals using information systems that suit the needs of these institutions. This paper answers four major questions concerning health information systems.
Whitman, M., & Mattord, H. (2010). Management of information security. (3rd ed., p. 6). Boston, MA: Cengage Learning.
The CSD (carbonated soft drink) industry is one that is very competitive. A few firms dominate this industry, most notably Coca Cola and Pepsi Cola. This is due to substantial barriers to entry. Cadbury-Schweppes, producer of products such as 7up and Dr. Pepper is the third leading company in this industry. Due to the dominance of Coca Cola and Pepsi, Cadbury-Schweppes faces the daunting task of having to fight for market share and survive in this fiercely competitive industry. Using economic analysis for support, Cadbury-Schweppes will need to use its strengths in the non-cola categories to compete in this CSD industry.
Watson, J. (2008). A history of computer operating systems (pp. 14-17). Ann Arbor, MI: Nimble Books.
University of Phoenix. (2006). Course Syllabus. Retrieved September 26, 2006, from University of Phoenix, CIS/564.4 - Information Management in Business Web site, https://classroom.phoenix.edu/afm203/secure/view-thread.jspa?threadID=1176244
Introduction Real estate is a fixed, tangible and immovable asset in the form of houses or commercial property (Seldin & Richard 1985). Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants include developers (contractors, engineers, and so on), facilitators (mortgage companies, real estate brokers, banks, management agents and so on), owners, renters (leasers) and renovators (Seldin & Richard 1985). Like other economic markets, real estate markets have internal and external forces that impact the market (Seldin & Richard 1985). Demand and supply forces have the major impact on the industry as they determine growth or decline in the market (Seldin & Richard 1985).
The significance of the role of the Operation System (OS) in the overall Information Technology employment sector cannot be undervalued. Indeed, it is hard to talk about technical skill-sets or the practical application of such skill-sets without at least some underlying understanding of their context within a computer operating system environment. From hardware specifications and requirements, user technical support, system administration and security, to software development and system implementation, operating systems are an integral part of the information technology and computing world in all its aspects, and it is difficult to form a concrete demarcation between specialized careers in this industry and the concept of the computer operating system.
The intensely competitive, action-oriented, profit-hungry world of investment banking can seem like a bigger-than-life place where deals are done and fortunes are made. Investment bank includes but is not limited to bringing an established company to the market, by that I mean taking company with the capabilities but not capital of expanding, and raising money through other investors or the stock market (IPO) for a commission, I chose this field because of my personal experience with my father and his company, I’ve seen him go from starting off as a cold calling broker, to running a brokerage firm, to starting a brokerage firm, all the way to having his own investment firm. I feel like I would do better with jobs where you set your own hours and work at your own pace. A lot of the work is commission based so the more your work the more you make, this would also benefit me because it would drive me to work more, money is my motivation. To be hired you will need good people and communication skills, highly analytical skills, high ability to synthesize and high creative ability. You will also need experience in modeling, valuing companies, and financial accounting.