MajescoMastek's STG Policy Named XCelent Award Winner

Celent that is a research and advisory firm dedicated to helping financial institutions formulate comprehensive business and technology strategies has named STG Policy from MajescoMastesk XCelent Award Winner. 

Celent performed detailed analysis on 42 Policy Administration System for North American personal, commercial, and specialty insurance products and chosen STG as xCelent Award winner based on it's capabilities for configuring products, rules, document management, mobile and customer feedback.

Read more on: MajescoMastek's STG Policy Named XCelent Award Winner
Source: www.broadwayworld.com

70% of Insurers Plan IT Spending Increases Through 2015

If you are related to IT and working in insurance domain .. here is some news that will bring some cheers to you. Looks like many of the insurance companies are planning to spend more and more in coming years. 
Major spending will come from P & C market and it is expected that they will exceed more than 10-15% of their total IT budget.

Read on: 70% of Insurers Plan IT Spending Increases Through 2015
Source: www.insurancenetworking.com

Obamacare : Health care act's impact on 2015 insurance

I am sure the intention of Patient Protection and Affordable Care Act (PPACA)is great.. but the way it is heading to uncertainty and/or confusion it really something that would impact many people.

Rates for individual health insurance for thousands of Nebraskans in 2014 are based partly on factors that are uncertain because of changes required by the Affordable Care Act, Nebraska Insurance Director Bruce Ramge said Thursday.

Read on more on - Obamacare and you: Health care act's impact on 2015 insurance rates hard to predict

Source: www.omaha.com