Insurance Industry worldwide is undergoing through a changing business landscape, stiff competition, rising consumer demands, growing mergers & acquisitions and constant regulatory changes. In response, aggressive Insurance Companies must launch new innovative products, be faster to market than the competition, cultivate new distribution channels, and improve customer service. Existing systems of previous insurance business models often lack the agility necessary to support the current demands of the newer business models.
Custom Insurance Management System (CIMS) from QualSoft is designed with a clear purpose of enabling your organization to stay ahead in the market. At QualSoft, we recognize the dynamic changes occurring in the insurance business and the system gaps that must be filled to meet those changes. Our enterprise design and component based architecture delivers agility while seamlessly integrating with your existing systems.
To succeed in a dynamic marketplace, carriers must launch new and innovative products in the market faster than the competition, cultivate new distribution channels and deliver higher levels of customer service. But the current IT systems of carriers lack the agility needed to support these evolving business demands. CIMS delivers to your key business and technology challenges.
Key Business challenges
Capture the market opportunities for new business acquisition and product development.
Improve client service delivery
Speed - to - Market
Manage multilane Insurance Product line
Achieve Operational efficiency
Offer Insurance services according to global business models
Key Success Factors
Streamline the business processes
Build the solution around business
End-to-end business processes from sales illustration to claims/ payouts
Supports multiple product lines
Smooth information flow across the organization
Maintain Bottom Line
Key Value Offerings
Easy to Implement
Ease to Integrate with other systems
Multi Functional Reports
Data security
User friendly
Ease of maintenance
Our experience spans several business processes and lines of business. Some of the application areas and business processes where we have significant process expertise include:
Life & Health Insurance:
Agency Management
Claims Processing
Policy Administration
Underwriting
Customer Relationship Management
Property & Casualty
Premium Processing Management
Marketing and Business Support
Agency and Channel Management
Rate Quote & Sales
Underwriting & Billing
Policy Management
Claims Adjudication & Management
Statutory Reporting & Compliance
QualSoft is a strategic partner to Insurance businesses and helps in increasing their business value through Solution Accelerators. We continually invest in tools and workflows that optimize both the processes and the underlying applications, resulting in ongoing savings for our customers. Our Service Offerings are structured holistically around Customer Segment, Insurance Value Chain, and System Integration & Technology. We offer Business Process Outsourcing Solutions while bringing in efficiencies to organizations' processes.