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:
- Eliminating process silos that hamper operational efficiencies
- Creating processes that deliver greater agility and transparency
- 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:
- Improve operational efficiencies and effectively enforce risk management practices across processes and LOBs to sustain profitable growth.
- Enhance agency/consumer interactions and build innovative portals that foster up-sell and cross-sell opportunities and increase sales conversion, retention and acquisition rates.
- Strengthen customer relationships with relevant and timely insights resulting in higher customer wallet share and execution of marketing campaigns that reduce costs.
Business agility success story - ASE
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