Improve customer experience with high quality solutions
Insurance providers today need to address changing requirements of a highly-aware customer group. Providing customized offerings and ensuring a better customer experience, while ensuring compliance with a large number of dynamic regulations, are key requisites for staying competitive.
Responsiveness and flexibility of IT systems becomes crucial to the ability to offer client-centric products and services for competitive advantage.
To enable insurance companies to provide a better customer experience with high quality solutions, IBM Rational helps:
A recent IBM global survey shows that nearly 90% of financial organizations believe that transforming from the status quo is critical to profitability. Additionally, it was discovered that as much as 66% of IT budgets are spent on application maintenance. IBM Rational solutions for core system transformation help our financial services customers develop the agility required to plan and execute portfolio and business strategies to reduce operational complexity and operating costs.
At a time when there is an increased focus on reducing costs, increasing business agility, improving customer satisfaction, and complying with regulations, streamlining software development and delivery is often a key initiative. The IBM Rational solutions for software development and delivery enable customers to increase their business agility through integrated and collaborative tooling and best practices that support the entire software development lifecycle from requirements to deployment.
New regulations, such as Solvency II, have a significant and broad impact on insurance companies worldwide. Companies are finding that legal and regulatory compliance costs are soaring, while the effectiveness of traditional methods of compliance management are declining, giving rise to huge fines, penalties, awards, and settlements. IBM Rational solutions for compliance help you to understand the impact, streamline the planning, and accelerate the execution of compliance and business initiatives.
Over the last few years, the mobile and wireless market has been one of the fastest growing markets in the world. Mobile application development is expected to exceed other platforms by 2015 and, today, there are more than 6.8 million developers worldwide developing wireless applications. Financial services organizations are finding that these new technologies represent increased opportunities and business models for their customers. It is enabling them to extend their customer reach and enhance their business differentiation.
Take steps towards more rapid, agile, cost-effective testing to seize new opportunities and meet the changing needs in the financial services industry.
IBM Rational has extended its integrated application lifecycle management capabilities to support bank and insurance organizations' enterprise mobile application development, in order to meet the strong customer demand for more sophisticated and integrated mobile banking / insurance capabilities.
Hear how automating app release and deployment is cutting unnecessary costs and getting apps out faster in Financial Services Sector (FSS) clients.
An enterprise architecture repository based on IBM Rational software improves access to information