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  • Essay / The Insurance Industry - 1756

    This case study focuses on selected topics involving insurance and information management in the insurance industry. It addresses in particular:1. Remanences of processes and/or attitudes at the beginning of insurance IT.2. Progress to move beyond fundamental problems.3. Independent processing of information in industry.4. Important information management issues. Remanences in processes and/or attitudes in the early days of insurance IT. This section will briefly discuss existing systems and software, as well as researchers' experience with existing systems and software. Currently, insurance companies have system structures that have been around for many years, called legacy systems. Legacy systems include, but are not limited to, system hardware, supporting and application software, processes and application data (An Insurance Executive's, nd). Overall, these applications were 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 goal is to make it easier in the future to update programs without having to completely rewrite them and, ultimately, to allow any company to use its applications on any operating system (Rouse, 2011 ). Not all existing systems were developed for in-house use; but through mergers, acquisitions and reorganizations. At the time legacy systems were developed, they were not designed to meet current compliance standards for internal audits, Sarbanes-Oxley (SOX), Health Insurance Portability and Accountability Act (HIPAA), and related regulations to compliance. T...... middle of paper ......x?rc=197707Rouse, 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.pptTop Insurance Industry Issues in 2013. (nd). PwC. Retrieved from http://www.pwc.com/us/en/insurance/publications/top-insurance-industry-issues-2013.jhtmlWhat is Windows XP End of Support?. (nd). windows.microsoft.com. Retrieved from http://windows.microsoft.com/en-us/windows/end-support-help Wolpe, T. (April 9, 2013). OK, then stick with Windows XP: but what 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/