Insurance

Property and casualty insurance companies face competitive pressures and industry consolidation and internal pressures - such as maximizing profitability, expanding distribution channels, and meeting service expectations of agents and customers alike.

IBM® Enterprise Content Management (ECM) solutions can help reduce the time required to underwrite applications by 25% to 45%. Saving time also cuts expenses. For claims, property and casualty companies have realized a 25% to 30% reduction in the time required to process each portion of a claim and are able to take advantage of redeploying employees to perform more value-added work within the company. IBM ECM solutions can help property and casualty companies:

• Automate complex core business processes such as underwriting, policyholder servicing, claims processing and policy issuance
• Transform and streamline processes for greater speed and accuracy
• Efficiently use and share business content for more effective decision making
• Achieve compliance with regulatory requirements and provide visibility to support compliance efforts
• Support new product initiatives to take advantage of market opportunities

• Driving competitive advantage in property casualty claims management (2.04MB)