Scrum: A team-based framework to develop complex systems and products.
Scrum is an iterative, incremental framework for developing any product or managing any work. It allows teams to deliver a potentially shippable set of functionality every iteration, providing the agility needed to respond to rapidly changing requirements.
The Scrum framework constantly challenges its users to focus on improvement, and its Sprints provide the stability to address the ever-changing needs that occur in any project.
These characteristics have led to Scrum becoming the most popular method in the world of agile software development.
We are consequently very proud to inform you that Laurent Kempé, who is acting as our Innoveo ScrumMaster besides being our internal “Scrum champion”, has successfully passed his ScrumMaster certification!
Congratulation to Laurent for this nice step and recognition.
Innoveo Solutions enjoys its new membership to the Oracle PartnerNetwork, which is illustrating the long and successful deployment of our insurance frontend solution – Innoveo Skye® integrating Oracle databases.
Our partnership with Oracle helps us to leverage our expertise and build on the strong foundation that Oracle’s technology provides.
Yesterday and today, workshop with the Innoveo Management Team near Zurich for refining and documenting our Innoveo Skye™ (content, scope, roadmap) software solution for insurances (front-end and distribution).
Two years ago a first version of the publication “Service Oriented Architecture for Dummies” has been published. Therein our reference customer, the Helvetia Insurance Group, was mentioned together with the solution we have successfully put in place for them.
In the second, reviewed edition, Innoveo has been dedicated again one full chapter of the book. Still our solution is considered to be a practical, state of the art example of how SOA can work in real life, creating both, an enhanced efficiency and cost optimization on the IT side as well as real business benefits on the customer side.
We are proud of having been selected by Judith Hurwitz for her book and we wish Judith again an amazing success with this new publication.
Find more information about the book on Judith Hurwitz’s Weblog. Judith is one of the authors and we’ve had the pleasure to be directly in contact with her to discuss the content and the progresses we’ve made in the time between the first and the second edition.
“swiss made software” is the new label of the Swiss software industry. International software companies like Google, IBM or Microsoft have discovered the Swiss values – quality, reliability and precision – in software development and have established important research and development centers in Switzerland. If you are looking for Swiss values and innovation, openness and flexibility in software, choose your partner from this site.
Description: Innoveo Skye is a generic, flexible insurance sales solution. It supports an unlimited number of products and services, all lines of business (life and non-life) and all sales channels. Industrialize Technology: Insurance-specific, J2EE (TM) based IT solution on commercial (Weblogic (TM), Websphere (TM), …) and open source (JBoss (TM)) infrastructure stacks, together with a wide range of business-oriented services.
Above an updated list (per October 18, 2008) of the different publications, articles, conferences, reports, books, collaterals and video linked with my work in the last years by Helvetia, ecenter solutions, and now, innoveo!
Wow, one of the biggest insurance companies, AIG, was nationalized by the Fed some hours before being bankrupt!
Just to give you an idea about the size of AIG (2007 figures):
revenues: $110.1 billion
net income: $6.2 billion
assets: $1’060.5 billion
700’000 agents, brokers, sales representatives
74 million customers
AIG Statement on Announcement by Federal Reserve Board of $85 Billion Secured Revolving Credit Facility
The Board of Directors of American International Group, Inc. (NYSE:AIG) issued the following statement in response to today’s announcement by the Federal Reserve Board that the Federal Reserve Bank of New York is providing a two-year, $85 billion secured revolving credit facility to AIG that will ensure the company can meet its liquidity needs:
“The AIG Board has approved this transaction based on its determination that this is the best alternative for all of AIG’s constituencies, including policyholders, customers, creditors, counterparties, employees and shareholders. AIG is a solid company with over $1 trillion in assets and substantial equity, but it has been recently experiencing serious liquidity issues. We believe the loan, which is backed by profitable, well-capitalized operating subsidiaries with substantial value, will protect all AIG policyholders, address rating agency concerns and give AIG the time necessary to conduct asset sales on an orderly basis. We expect that the proceeds of these sales will be sufficient to repay the loan in full and enable AIG’s businesses to continue as substantial participants in their respective markets. In return for providing this essential support, American taxpayers will receive a substantial majority ownership interest in AIG.
“We commend the Federal Reserve and the Treasury Department for taking this decisive action to address AIG’s liquidity needs and broader financial market concerns. We thank them for their leadership during this critical time for the global financial markets. We also thank Governor Paterson, Commissioner Dinallo, Commissioner Ario, the other state Commissioners, and the Office of Thrift Supervision for their willingness to assist AIG.
“Policyholders of AIG companies around the world can rest assured that AIG’s commitments will continue to be honored.”
Not just start-ups can be confronted with cash-flow issues! Crazy…