Survey conducted by ILOG

The insurance industry is not exploiting IT to respond to fast changing regulatory demands, according to a survey conducted by ILOG and the Association for Co-operative Research and Development (Acord). Instead, companies are relying on manual processes and ad hoc measures to achieve compliance with the Health Insurance Portability and Accountability Act (Hippa) and corporate government demands driven by mandates such as the Sarbanes-Oxley Act. For example, while 83% of insurance companies