Are you looking to speed deployment of insurance applications? In an effort to reduce the time needed for companies to develop viable enterprise-wide software solutions, IBM developed Insurance Application Architecture (IAA). IAA offers a suite of models developed to help your insurance company apply information technology effectively to your business.
The advantage
Rely on IBM
IBM developed the Insurance Application Architecture with the assistance of more than 40 leading international insurance companies. IAA is used by many of the major global insurance companies as the basis of their IT infrastructure.
Many global insurance companies continue to choose IAA as an enterprise-wide business and design model, including:
USAA (USA).
Yasuda Fire and Marine (Japan).
Nationwide (USA).
Meiji Life (Japan).
Winterthur Insurance (Switzerland).
Royal and Sun Alliance (UK).
The benefits
Transform your business operations
IBM can help design and implement a custom transformation plan that provides:
Assessment of your current systems and technology needs for a transition to a new and more efficient working environment.
Rapid installation of an operational environment that can scale to support corporate growth and future initiatives.
Independent review and validation.
Cost-effective and low-risk implementation.
On-the-job training for your IT staff.
IBM Insurance Application Architecture can help:
Establish principles of application architecture.
Define a common model of major application building blocks across business units.
Establish clear boundaries between application building blocks for increased independence and reduced interface complexity.
IAA is designed to:
Provide a forum for a simplified discussion on functional and technical requirements.
Offer more efficient implementation through identified commonalties.
Minimise your business risk.
Reduce implementation costs.
Improve reliability and flexibility of systems at a lower cost.
The approach
Case Study: Hyundai Marine & Fire Insurance
Hyundai Marine and Fire Insurance Co. of Seoul is confronting the needed changes to their systems head-on. They chose IBM Insurance Application Architecture as the starting point for creating a system with great flexibility.
Hyundai is now able to change and customise its product offerings without taxing its relatively small IT department personnel.
The company realised many benefits from IAA, including:
Keeping all of its customer data in one place, ensuring that a client-centric focus is achieved.
Producing customised products for its customers across multidelivery channels.
Predicting price wars and easing the administrative demands of insurance planning, quotation, contract writing, endorsements and claims.
The financial advantage
Improve your bottom line
IBM Insurance Application Architecture can help:
Provide your business with an opportunity to increase revenues, decrease operating costs and compete more effectively.
Build customer satisfaction and retention by implementing a more customer-centric business strategy.
