Solutions for life insurance core system

Case study - IBM creates a virtual office for Reliance Life : The Virtual Office would increase accessibility and reduce redundant processes and procedures, increasing Reliance Life's ability to react instantly to customer demands. - Learn more

	Business performance transformation
	Claims
	Data and analytics
	Distribution channel management

	Life insurance core system
	Non-life (P&C) insurance core system
	Risk and compliance
	Sales and customer service

Analyze. Build. Execute.

Balance strategy with innovation to improve life insurance core systems. Life insurers can help generate significant cost savings by establishing improved business processes. Determining and executing a successful set of core transformation solutions should be approached in a holistic manner. Analysis of your current business environment is the essential first step.

Life insurance core system offerings

IBM offers solutions to help with replacing, modernizing or transforming the primary systems that process and issue life insurance policies. Our robust set of analysis techniques help assess your current business and systems environments. These can range from a complete Component Business Modeling (CBM) engagement, to lighter-weight business and systems environment assessments and a host of core systems diagnostics. The level of analysis should be commensurate with the size, complexity and degree of strategic transformation that your organization desires.

Depending on the scope of your life insurance organization, our solution can help:

Modernize or consolidate multiple, diverse policy administration systems.
Formalize requirements for making build-versus-buy decisions and, if appropriate, package selection for policy administration or underwriting solutions.
Customise and integrate core system packages or "turn-key" solutions.
Automate the life insurance business acquisition process with underwriting workstations—rules engine analysis, design and deployment.
Automate case management by assisting underwriters and case managers in gathering and organizing large amounts of complex, detailed data.

A prototype is available demonstrating IBM's world-class capabilities and providing a quick-start for insurers who wish to base their solutions on demonstrated and proven options supplied by IBM and qualified business partners.

Life insurance core system offerings:

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The IBM Insurance Application Architecture solution can help insurance companies migrate to a customer-centric management structure by developing a system to help them streamline their process and improve flexibility.


	Life policy administration transformation from IBM From modernizing middleware to completely replacing outdated policy administration systems, you need a strategy for success. IBM can help insurers update applications, systems and hardware—based on their unique needs—to build and maintain a competitive advantage.