Insurance

Property and casualty insurance companies face many external challenges, such as increasing competitive pressures, industry consolidation and internal pressures, such as maximizing profitability, expanding distribution channels and meeting service expectations of agents and customers alike.

IBM® solutions for Enterprise Content Management (ECM) can help reduce the amount of time required to underwrite applications by 25% to 45%, saving both time and money. For claims, property and casualty companies have realized a 25% to 30% reduction in the time required to process each portion of a claim and are able to take advantage of redeploying employees to perform more value-added work within the company. IBM solutions for ECM can help property and casualty companies:

• Automate complex core business processes, such as underwriting, policyholder servicing, claims processing and policy issuance
• Transform and streamline processes for increased speed and improved accuracy
• Efficiently use and share content for more effective decision making
• Achieve compliance with regulatory requirements
• Provide visibility to support compliance efforts
• Support new product initiatives to take advantage of market opportunities

• Compliance
• Health Insurance
• Life & Annuities