Insurance IT Investment Decisions Take More Than Numbers; Think Critically, X by 2–s Sundaram Writes

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Insurance IT Investment Decisions Take More Than Numbers; Think Critically, X by 2–s Sundaram Writes

FARMINGTON HILLS, MI — (Marketwired) — 09/23/14 — When insurance executives are deciding whether to invest in upgrading a policy administration, claims, billing or other major system, the numbers should rule. If the ROI is there, full speed ahead.No! writes K. Ram Sundaram, a principal of X by 2, in ."The quantitative case is much overrated, doesn–t serve the purpose it was intended for very well, and may in fact be an exercise in futility."While the exercise sounds logical, with

Insurance IT Transformations: Do the Opposite of Conventional Wisdom to Succeed, X by 2-s Sundaram Tells Michigan IASA

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Insurance IT Transformations: Do the Opposite of Conventional Wisdom to Succeed, X by 2-s Sundaram Tells Michigan IASA

DETROIT, MI — (Marketwired) — 05/01/13 — To succeed with insurance IT transformation initiatives, do the opposite of the conventional wisdom, Ram Sundaram, principal of X by 2, an consultancy, told the Michigan Chapter of the Insurance Accounting & Systems Association (IASA).He laid out five conventional rules and why insurers must do the opposite.Conventional rule #1: "We need an army because it-s a big project."The opposite: "Less is more." The "overwhelming f