 As market growth remains a key focus for the Insurance industry, many industry initiatives are aimed at improving insurance coverage targeted at those with no or low levels of insurance. There is also a trend away from bundled products, toward products that offer risk cover and separate savings plans. So enhancing the client experience and locking them into more than single product purchases is more important than ever.
And with the introduction of stronger prudential standards, there has been a shift in the General Insurance market to a more disciplined approach to underwriting and therefore driving the need for greater business controls, consolidated data and security to ensure regulatory compliance and risk management.
Direct and online channels are opening up and are expected to represent a growing portion of the channel as the Insurance industry focuses on becoming more client focused, responsive and efficient.
IBM and our key Business Partners* have proven insurance industry business models and business transformation experience backed by our technology expertise and comprehensive offerings tailored to assist in driving business growth, enhancing the client experience, improving efficiencies and flexibility as well as risk management & regulatory compliance. IBM along with our key Business Partners have the proven capabilities and experience that deliver a flexible combination of technology, services and financing for your business.
*'Business Partner' is used informally and does not imply a legal partnership.
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