WebSphere software and solutions for Insurance

Insurance 2020 Explore initiatives for innovation. Download executive briefInsurance 2020 Explore initiatives for innovation. Download executive brief

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.

Business agility success story - ASE

Watch the video
Watch this video (00:03:27)to find out how ASE improves customer retention and service while reducing benefit entitlement process to seconds.

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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.
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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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Case studies / Videos

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Insurers Gear Up for Growth by Building Agile Processes

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