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| Knowledge Suite for Insurance |
| Knowledge Suite for Insurance combines best-of-breed technologies and
IT best practices assembled by Prithvi Jarus Group to empower insurers
with the tools and technologies they need to excel in the insurance market. |
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THE BUSINESS CHALLENGE
Increased competition and market demands compel insurers to act more quickly,
simplify business processes, improve effi ciency, and reduce sales, service and
claims costs. Yet management and front line decision makers have limited tools
and visibility into the information they need to introduce new products and react to
market changes, despite heavy investments in data warehousing. On the operational
side, most insurers continue to rely on manual and paper based processes that
contribute to process latency and increased costs, while some insurers that have
introduced some level of automation have not achieved the desired level of
cost reductions. |
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| What We Offer |
Knowledge Suite for Insurance helps insurers to leverage advanced technologies
to anticipate and respond to market opportunities, more rapidly introduce innovative
new products, improve underwriting results, and reduce claim leakage.
Through these services we:
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Apply Business Rule Management Systems (BRMS) to automate underwriting,
and to achieve straight-through processing for new business transactions
- Use Business Intelligence (BI) and advanced analytics to allow business users
to carry out what-if analysis to predict the impact of pricing changes and introduce
new products
- Implement Data Warehouse and data mining technologies to deliver management
reports and scorecards to front-line decision makers through executive dashboards
- Apply Business Process Management (BPM) technologies in automating manual
processes to improve service and reduce processing costs
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| Business Inteligence for Insurance |
| The Business Intelligence services facilitate on-demand access to intelligence. The services
combine best-of-breed BI technologies, our BI framework, and advanced analytics to rapidly
implement dashboards, reports, score cards and alerts customized to meet the needs of
business users and decision makers. |
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Our BI framework is designed around an
insurance-specific data
model and includes
customizable and
configurable pre-built
dashboards, reports,
score cards and alerts
in a rich UI paradigm
and a flexible architecture.
We also provide Data Warehouse design and implementation, Data
Mining and Data Cleansing services to supplement our core Business Intelligence services. |
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| Business Process Automation |
Our Business Process Automation services automate and streamline manual business
processes, including underwriting and claims processing. The services combine our
expertise with leading BRMS and BPM technologies, our in-depth knowledge of
insurance processes, and our automation best practices.
These services enable insurers to effectively manage and implement their business rules
and policies, to better manage and quickly adapt to rapidly changing market conditions, and
to improve service and reduce costs in a flexible manner.
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