Core Insurance Transformation Solutions

Successful core insurance transformation—in technology, organization or business processes-- will enhance your enterprise’s agility, responsiveness, effectiveness and efficiency. With IBM, transforming the core applications for underwriting, policy administration, claims and other core functions will help you:

• Enhance time-to-market in delivering business solutions.
• Offer more competitive pricing with better underwriting results.
• Increase accuracy in policy servicing and claims administration.
• Improve responsiveness to customers and your key distribution channels.
• Reduce structural and operational and IT costs without sacrificing effectiveness.

See how Independent Health uses predictive analytics to:

• Improve marketing efforts.
• Better engage with policyholders.
• Improve treatment outcomes.
• Lower insurance risks.

Claims Optimization
Increase customer loyalty by providing a superior claims experience. This solution optimizes claims processes to reduce your loss adjustment expenses.

Underwriting Optimization
Make more accurate underwriting decisions to ensure profitability and minimize risks. This solution speeds the response time and efficiency for new business underwriting.

Agile Policy Administration
This rules-driven, configurable and extensible solution enables predictive modeling for retention and more effective rating activities, and enhances policy servicing and effectiveness.

Product Development & Optimization
Rapidly develop profitable and targeted products. This solution provides the analytics and complete set of data to help you respond to changing market conditions and business needs.

Work Optimization
Gain a dynamic view of individual requests and performance of the entire insurance transaction processing operation. Automate the receipt, processing, and response to customer inquiries.

• Provide employees with the information they need, when they need it, with the appropriate functionality to maximize their productivity.
• Quickly react to customer demands and inquiries.
• Reduce redundant processes and procedures.
• Speed turnaround time in policy issuance and claims.
• Enhance decision making.
• Gain an edge in an extremely competitive marketplace.

IBM has proven enterprise software products for Core Insurance Transformation solutions which are used by insurance companies worldwide.

To learn more about how IBM Core Insurance Transformation solutions can help your business grow, contact your IBM representative or IBM Business Partner.