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When fully deployed, ClaimCenter will support all phases of the claims process for Suncorp's personal and commercial lines of business.
With SERP we are taking the best of our consulting experience and offering it to customers in a standalone software solution they can use today to address the existing void between the lines of business and IT.
Cautionary Statement: Certain of the statements made in this press release including, without limitation, statements regarding development of customer relationships across the Company's three lines of business, development of ICORE's capabilities and product offerings, and other matters constitute forward-looking statements contemplated under the Private Securities Litigation Reform Act of 1995.
The determination of economic capital and the allocation of capital to lines of business is an important part of the financial and risk management of an insurance company.
Commenting on the launch, Michael Kelly, CEO, FINEOS, said: "The market has finally realised again that software solutions should be developed and delivered to suit specific vertical lines of business.
Business-centric SRM is achieved by providing information, through monitoring and reporting, to manage storage utilization, availability and performance for particular lines of business or applications.
If the SLOB criteria are met, however, these tests are applied separately to each of the employer's qualified separate lines of business instead of to the employer as a single entity.
414(r) relating to qualified separate lines of business (QSLOBs).
TEI's Employee Benefits Subcommittee took the lead in developing the Institute's June 13 comments on the IRS's proposed regulations under section 414(r) relating to qualified separate lines of business (QSLOB).
Risk managers have benefited from lower premiums in most lines of business, but continue to be challenged by skyrocketing property catastrophe premiums," said Joseph Restoule, RIMS secretary and member of the board of directors.
Success in today's insurance market requires a company to stay flexible enough to move quickly into lines of business it thinks will be profitable, and it must be nimble enough to exit quickly from lines that no longer offer reasonable returns.
An employee who maintains accounting records for an employer's three lines of business may receive qualified employee discounts in all three.