Content area
Full Text
New CIO Jeff Palm will look to deliver business value as he leads Allianz Life's policy admin system replacement and shapes the company's IT organization for the future.
When Allianz Life passed the CIO baton from Tom Bauer to Jeff Palm in October 2011, Palm took responsibility for shepherding the company's core policy administration platform replacement initiative at an early stage. Palm's experience suits him for that task, as well as other challenges faced by the Minneapolis-based subsidiary of global insurer Allianz SE (Munich, US$129.9 billion in annual revenue).
Allianz Life's implementation of the Accenture Life Insurance Platform (ALIP) currently is in the design stage for Phase One of the project, which will proceed throughout 2012. "The replacement is a $60 million project through this year, with the first delivery scheduled in 2012 and with other phases rolling out over the next three years," Palm relates. "We're working with a combination of resources, including internal people and Accenture, as well as offshore providers who provide analytical, development and testing capabilities."
Palm's prior experience has prepared...