Streamlining Investment Portfolio Management and Control
Download this white paper and find out how a standardized data set and intelligent reporting can help insurance companies remove cost and complexity from managing diverse asset portfolios.
November 2013- A volatile economic and investment environment, changing customer needs, and increasing regulatory scrutiny continue to push insurance companies to find new ways to improve revenue, capital utilization, risk profile, and ultimately profitability. As claims and expenses rise at a faster rate than premiums, and investment yields (and, often, spreads) decrease, insurers also cut costs. With the transformation of support operations across the industry, the traditional model of maintaining multiple or non-standardized back offices to support ...
November 2013- In this white paper, we highlight how insurance companies must be able to change their systems and processes to develop and to accurately price new products and insurance packages. This will require agility in responding to the opportunities and insurers will need to evaluate their readiness to create and service new and relevant insurance products across all channels and proactively transform their new business and policy administration platforms.
July 2013- IT Influencer Brief: Automating Producer Lifecycle Management, A Roadmap for IT would help IT influencers quickly identify how they can best support their business users, and remove typical IT pushback hot buttons like "we can build it ourselves" and "this is yet another add-on system that's going to take way too much of our time and money to support". By making the case for a SaaS-based,automated PLM application that seamlessly integrates with and drives ...
May 2013- We recently worked with a regional multi-line Property and Casualty Insurance Carrier who was struggling to leverage their internal data to detect unusual patterns, potential frauds and anomalies within their claims. They estimated it was costing the company roughly $10M in additional paid losses each year due to litigated claims, employer/employee linked fraud rings, unchecked MPNs, smaller but more frequent claims involving body shop, claimant, attorney and adjuster fraud ring including unnecessary payments to ...
Automate the analysis of information hidden away in documents received by your claims department, such as bad faith allegations, time limit demands and department of insurance inquiries, that have strict deadlines and require specialized handling.
Our 5 minute presentation reviews examples of how you can:
• Identify critical documents, match them to the correct claims file and meet all deadlines
• Avoid higher loss settlements, punitive awards, and unneeded legal fees
• Strengthen relationships ...
Despite investments in the latest claims management systems, data warehouses and analytical tools, you are overlooking valuable information hidden away in free form text fields such as claims adjuster notes and documents in electronic formats such as PDFs.
This white paper demonstrates how insurance companies can access and analyze the 50%+ of your claims data that is just out of reach.
• Reduce annual claims and LAE costs by millions of dollars<...
February 2013- This whitepaper from Strategy Meets Action (SMA) focuses on superior customer communication's role in capitalizing on the changes that are occurring in the life insurance industry. The twin pillars for profitable growth - new customer acquisition and improved retention - depend on high quality customer communications. This is not a case in which technology advancements fall short of needed solution requirements. The automated tools are in place. The capabilities for supporting the creation, management, and ...
Every time your company contacts a customer is an opportunity to solidify a relationship, or drive them to a competitor.
By analyzing the cycle time and quality of all customer touch points, from FNOL to settlement, you can fundamentally shift the way you interact with the people critical to your future growth and profitability.
• Save millions in claims loss dollars
• Grow revenue through increased client retention
After investing millions of dollars and countless hours over multiple years to implement, is your claims management system providing the information and analytical capabilities that you need?
By analyzing adjuster notes and content in electronic documents - the 50%+ of information that is often overlooked by a claims management system - you can gain unprecedented insight into your claims operations.
Read this paper and learn how to leverage this information to reduce ...
Why are you making decisions with information based on only 50% of data available in your workers' compensation claim files?
Read our white paper and learn how to automatically pinpoint indicators for drug abuse, obesity, malingerers and other red flags across all of your adjuster notes and free form text fields.
Reduce costs by identifying people pre-disposed to
longer-than-needed recovery periods
Enhance client satisfaction by speeding return-to-work
February 2013- As insurers work to achieve self-sufficiency, they need to proceed with eyes wide open. They should be well prepared, and take stock of both their organization, and the vendor's organization and solution offering.
November 2012- This report takes a look at UNIT4 and how the company's financial solution Coda Financials enables the financial executive to have a no-compromise approach to financial modeling and applications choice i.e. adding, keeping or changing business applications without losing control or increasing the risk of non-compliancy.
This white paper features insight from the UNIT4 group (which includes the CODA Financials software suite) about the issues facing companies that need an adaptable financial system but not necessarily a full-blown enterprise resource planning (ERP) solution.
Also featured in this white paper: TEC's suggestions for identifying financial system functionality that will support your organization's changing processes. The latter portion of this white paper includes a descriptive checklist for soliciting such information about ...
November 2012- This brief helps IT influencers quickly identify how they can best support their business users, and remove typical IT pushback hot buttons like “we can build it ourselves” and “this is yet another add-on system that’s going to take way too much of our time and money to support”, by making the case for SaaS-based, automated PLM application that seamlessly integrates with and breathes new life and up-to-date producer data into entrenched legacy systems
More and more, multi-line insurance organizations are focusing on driving revenue opportunities through leads, referrals and enterprise cross-selling. As a result, the lead and referral management paradigm has expanded beyond traditional lead generation methods to include new opportunities derived by mining existing customer bases for cross line of business and cross-product leads and referrals.
Download the whitepaper, Driving New and Organic Growth:Identify and Capitalize on Enterprise Leads and Referrals, and learn how ...
This 8-page eBook from Vertafore educates carriers on the basics & importance of Producer Lifecycle Management (PLM), & how these processes can be adopted, optimized & automated. Managing the producer lifecycle often involves disjointed processes, manual and redundant data entry, and efficient transactions across multiple internal systems.
Efficient Producer Lifecycle Management (PLM) accelerates producer sales authorizations by automating the transactions required to get and maintain requisite credentials and selling relationships, while adhering to regulation and upholding ...
Straight from the horse's mouth: The following infographic presents expansion bottlenecks, resource restraints, strategic influencers, & a toolkit for success around transforming Producer Lifecycle Management, as offered by other insurance companies hoping to elevate Producer Lifecycle Management to a strategic initiative.
Bottom line? To achieve growth objectives, carriers need to spend more time pursuing strategic initiatives and less time on the tasks and communication required to get and keep their sales channel authorized to ...
November 2012- This paper will discuss how the Automated Document Factory offers a single, cohesive vision to solve document-related business pains and help insurers take advantage of new opportunities.
November 2012- New research by Oracle and Insurance Networking News sheds light on insurers struggle to attain agility. This white paper reveals the research findings to illuminate challenges that hinder insurers efforts to meet their business goals.
November 2012- This brief discusses how insurers can harness the power of rules-based configurability to derive faster time to value during key phases in their policy administration transformation projects requirements gathering and integration through the use of process models or configuration templates.
The "Company" examined in this White Paper is a major financial services firm offering Variable and Fixed Annuity products through six insurance manufacturers, including its own. The Company recognized
the need to improve the services they provide to their advisors to spur continued growth, increase annuity product offerings, and simplify the sales process.
The distributor and their insurance partners made a commitment to move toward an automated environment. Together, they improved operations without ...
This paper will describe four trends influencing EDA that help improve customer satisfaction, reduce cost and drive efficiency:
1. Empowerment: Giving customers real time web and mobile self-service options, while enabling business users to create dynamic communications
2. Leveraging analytics and business intelligence to improve efficiency and speed to market
3. Automating the document lifecycle to optimize processing and support high-volume printing
4. Consolidating EDA systems with the goal of reducing costs and centralizing ...
August 2012- Kemper's P&C units are deploying a centralized shared service for claims correspondence and policy assembly using the Thunderhead CCM solution. The project aims to improve the user experience, ensure forms compliance, cut forms maintenance costs and deliver multichannel customer communication.
The demands of the insurance industry are high and change happens fast. Insurance companies need business software solutions that can meet those demands simply, quickly and cost effectively.
This paper examines finance technology in the insurance industry and explores effective strategies for insurers to optimize performance, reduce risk and seize new opportunities.
Productivity is critical in today's claims processing organizations, and there's no shortage of systems and methodologies to improve it! While helpful, these systems overlook the most important resource in claims processing-the people who perform the work.
In this eBook, Verint Systems takes a closer look at the opportunities for improved efficiencies left on the table by current technology and practices. Verint explains how workforce optimization solutions, adapted specifically for back-office operations, are now ...
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INSURANCE: Architecture/Infrastructure, Claims, Customer Insight/Business Intelligence, Distribution, Management Strategies, Policy Administration & Management, Regulation/Financial Systems, Security/Risk Management