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

• 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.