A Clear Vision for Insurance
The insurance industry has specific needs that set it apart from other markets. Insurers have unique risk management requirements, face increasingly complex regulatory challenges, need to manage a diverse distribution chain involving multiple parties, and face a rising demand from customers for competitive new products and clear, consistent communications.
Our highly qualified staff has spent numerous years in the Insurance industry as producers, underwriters, insurance IT management, software developers and industry vendor relations personnel. This experience enables us to understand your operational environment, including goals and objectives from both a business and technical perspective, so that we can execute and monitor the success of an IT implementation over time.
We know that cost reduction and lowering total cost of ownership are major priorities. And that it is also important for you to reduce indemnity expenses and settlement costs. With the right IT solutions, you will discover that labor and training costs often decline because of more timely information access and enhanced productivity across virtual teams. The result is more satisfied customers and increased revenue through higher policy renewals and new-policy insurance. Specific insurance IT services offerings include:
- Rating and Underwriting - a highly configurable, rules-based, stand-alone rating engine that enables accurate risk pricing and lets insurers run "what-if" scenarios against their book of business.
- Policy Administration - flexible, rules-based environment for rapidly bringing new products to market, consolidate policy admin systems across lines of business, and help to keep up with rapidly changing market demands.
- Insurance CRM - a leading CRM solution for the insurance industry. It lets you maintain current and comprehensive customer portfolios, improve referral management effectiveness and leverage customer information for up-sell and cross-sell opportunities.
- Insurance Billing - this next generation solution provides the complete revenue management and collections capabilities required to support the complex billing and collection arrangements found in the insurance industry.
- Claims - Insurance Claims provides complete claims handling functionality from first notice of loss to claims settlement, with proven scalability required to meet the needs of large insurance companies. It also provides unparalleled analytics to help insurers identify fraud, find subrogation opportunities and reduce claims costs enterprise-wide.
- ERP - Enterprise Resource Planning (ERP) have been implemented at hundreds of insurance companies to provide comprehensive financial, human capital management, procurement, and operations support.
- Customer Communications Management - customer communications management helps manage the entire life cycle of policy, improve customer communications, and product compelling marketing, branding and cross-selling messages.
- Data Exchange, Distribution and Channel Management - it provides straight-through processing for life and fixed annuities, allowing carriers to expand their reach among independent producers, while reducing the maintenance costs associated with custom-built or one-off distribution services.
- Compliance, Operations and Enterprise Performance Management - this insurance offering is well-rounded with platform solutions such as insurance specific master data management (MDM) applications and business intelligence applications that cover operational and strategic planning aspects.
- Legacy Modernization and Integration
About Our Insurance Team
Strategic long-term partnerships are our focus. We're experts in IT consulting, and innovators in insurance solutions. We deliver it all. By working in every aspect of the industry, we have the experience to create services and solutions that can help you reshape your organization for new successes and profits.
If you have any questions or would like additional information, please contact us.
