Insurers must increase the speed at which they can respond to an increasingly informed and demanding customer base, new regulations, and emerging marketplace changes. A consistent, flexible architecture is necessary to reduce the expense of integration and increase the velocity and accessibility of information.
The IBM Insurance Application Architecture (IAA) is a comprehensive suite of data, process and service-based models that help insurers accelerate the planning and requirements analysis of business process transformation, core system renewal and consolidated reporting solutions. IAA helps insurers identify, describe and structure all of the business functions, data and processes in an objective manner that can be understood by both IT and business users. In addition, it can help establish a streamlined, efficient organization where services are built once and reused many times across multiple lines of business.
- Proven—Many of the top insurance companies are using the IBM Industry Models in various facets of their business-driven IT strategies, such as risk and compliance reporting.
- Business-ready—The models are proven to foster collaboration and approval between business and IT, as necessary, to turn business requirements into actionable solutions.
- Regulation aware—Subject matter experts have distilled compliance regulations into statutory reporting requirements without the need for external development.
- Comprehensive—Content garnered from multiple client engagements is turned into a suite of interrelated data models with a proven methodology and models that require minimal customization.
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The IBM Insurance Application Architecture:
