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| stepITupTM Insurance Solutions |
| StepITupTM is a suite of technology services aimed at unlocking the full potential of an Insurer’s IT investments and maximizing their business value. Backed by hundreds of person years of research and experience in Insurance and technology, we deliver significant business value to Property and Casualty, Life and Health Insurers spanning the entire Insurance value chain. |
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| Three Steps to Excellence |
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Challenges Insurers Face
Insurers face a diverse range of market challenges-increasing competition, demand
for new products, new ways of interaction with consumers, and regulatory compliance.
Insurers also face the risk of losing their competitive edge by not keeping pace with advances in technology. Further, they are burdened with complex, disconnected
IT systems that create inefficiencies in their day-to-day operations. Yet, many Insurers
allocate a major portion of their IT investments in managing and maintaining their
existing systems, at the expense of strategic initiatives that are vital their longterm
competitiveness. |
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| Our Solution |
| Our stepITupTM services enables Insurers in addressing their challenges in three stages: |
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Extend
Extend the value of existing IT applications at reduced maintenance costs,
by streamlining maintenance processes.
Enhance
Increase operational flexibility and reduce process latency by making existing
IT applications interoperable. Rapidly deliver new capabilities by leveraging
existing functionality them as business services to create a service-oriented
connected enterprise.
Excel
Accelerate your path to an agile enterprise and achieve success beyond the
ordinary by leveraging advances in technology. Anticipate and respond to
possibilities, speed ahead of competition through rapid introduction of new
and innovative products, improve underwriting results and reduce claim leakage. |
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| Knowledge Suite for Insurance |
Knowledge Suite for Insurance combines best-of-breed technologies and best practices assembled by Jarus, that
helps empower Insurers with the right tools and technologies to excel in the insurance market. With the Knowledge Suite for
Insurance, Insurers are able to:
- Achieve straight-through processing for new business transactions.
Use Business Rule Management Systems (BRMS) to automate underwriting, bind and issue policies in real time
- Make intelligent and informed decisions.
Use Business Intelligence (BI) and advanced analytics to carry out what-if analysis to predict impact of pricing changes and introduce new product what-products
- Gain valuable insight and respond to possibilities.
Use Data Warehouse and data mining technologies to deliver management reports and scorecards to front-line decision makers through
executive dashboards
- Improve service and reduce processing costs.
Automate manual processes by leveraging Business Process Management (BPM) technologies
We have partnered with leading BRMS and BI vendors to create out the best solutions for the Insurance industry. |
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| SOA Enablement Services |
SOA Enablement Services enables Insurers to create a connected enterprise that supports continuous business innovation and optimization. Our enterprise architects apply their in-depth knowledge of Service Oriented Architecture (SOA), Web services, ACORD
XML and Enterprise Portal technologies, and leverage existing core systems and packages to expose a set of services that allow
Insurers rapidly introduce new business capabilities. Using this approach, Insurers are able to:
- Create agent and customer self-service portals rapidly by reusing existing functionality.
- Enable business-to-business transaction capabilities with business partners and government agencies.
- Modernize legacy systems in an incremental manner that reduces costs and risks of failure and obsolescence.
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| Application Development and Management |
| Application Development and Management (ADM) Services help Insurers reduce the total cost of
ownership (TCO) of development and maintenance of existing systems by outsourcing development
and maintenance to our global delivery teams, allowing Insurance IT staff to focus
more on long term, strategic business initiatives. Our SEI CMMI processes support the Application Development and Management services through our global delivery model.
We leverage our domain expertise and technical experience in Insurance
packages and applications to deliver significant value to our customers. |
