Driving Business Agility in Insurance

WebSphere software and solutions for Insurance

VKB Insurance: Agile policy cancellation 80% reduction in manual processing, Watch customer video (00:03:06)

Business agility success story – Claims Management: WorkSafe Victoria

Watch this video (US) to find out how WorkSafe Victoria has improved:

Business agility in Insurance

Top challenges
Insurance companies of all types and sizes globally are looking to streamline their processes to drive growth, improve expense ratios and compete effectively in mature and emerging markets. To achieve this, carriers must address some pressing challenges including:

  1. Eliminating process silos that hamper operational efficiencies
  2. Creating processes that deliver greater agility and transparency
  3. Solidifying distribution and self-service channels

Where we can help
We help insurers worldwide build agile processes resulting in speed to market gains, rapid product development, higher pass-through-rates and greater transparency to drive profitable books of business. Websphere software and solutions for insurance are widely used by carriers to:

  1. Improve operational efficiencies and effectively enforce risk management practices across processes and LOBs to sustain profitable growth.
  2. Enhance agency/consumer interactions and build innovative portals that foster up-sell and cross-sell opportunities and increase sales conversion, retention and acquisition rates.
  3. Strengthen customer relationships with relevant and timely insights resulting in higher customer wallet share and execution of marketing campaigns that reduce costs.

Popular downloads in Insurance

  • Insurance Webcast: Driving Growth in 2011, Insurance Carrier of the Future

    This webcast features Barry Rabkin, Principle Analyst with Insurance Technology for Ovum, and Maneeza Malik, the Worldwide Industry Practice Leader for IBM. They discuss business and IT trends that will impact insurance carriers this year and beyond.
    Webcast: Watch now

  • Demo: Dynamic responsiveness for insurance business processes

    Optimize business processes in real time, provide agents and customers with the services they expect, speed new insurance products to market with end-to-end BPM built on IBM SOA
    Demo: Watch now

  • Insurers innovate and slash costs with Smart SOA Application Foundation.

    This eBook will demonstrate how companies can modernize their application infrastructure to work smarter, reduce costs and roll out new services faster for every size business, no matter what industry you’re in.
    View eBook - Download PDFs

  • Insurers driving agility and cost optimization with BPM

    You'll read in this white paper that because of current market conditions, every insurer is under great pressure to both drive cost optimizations in its core business processes and become more agile and responsive as the market shifts.
    Download white paper

  • Insurance 2020

    Now what? Exploring initiatives for innovation. Insurers should move to adopt a new approach or new technology to address persistent operational challenges
    Executive Brief: Download now

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VKB Insurance builds a smarter policy cancellation process

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Insurers Gear Up for Growth by Building Agile Processes

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