IBM Insurance Process and Service Models

Key features

Transform your insurance business

Adopt a top-down strategic approach to the transformation of your insurance business. Hurdle the constraints of a specific technology, particular products, channels or organizational structure. Provide a content-rich set of models designed specifically for insurance organizations. Enhance and extend your processes to align with constantly changing regulatory risk and compliance requirements. Enable the development of more efficient straight through insurance processing solutions.

Save time and money by fixing redundancies

Uncover processes that essentially do the same thing and therefore should be consolidated or eliminated. Lower your need for costly training and maintenance overheads. Improve your cost-income ratio and provide better and less expensive service to your customers. Reduce time to market for new products and services.

Streamline many processes

Deliver a powerful industry solution to manage critical insurance process areas including ERM, channel management and CRM, communications management, marketing and customer acquisition, product portfolio management, claim management and policy administration, underwriting and financial transactions, reinsurance management, investment management, provider management processes, KPI and KRI mappings for risk management, workflows and more.

Tap industry best practices

Use a business-centric, industry template that aligns with the ACORD business glossary. Integrate with the IBM Component Business Model for robust business re-engineering capabilities. Provide a comprehensive dictionary for describing business issues, applications and components across your insurance enterprise. Jump start your organization along the path toward a comprehensive analytics environment by applying proven best practices in data modeling.

FlexPoint licensing

Gain access to the unified governance & integration platform offerings via FlexPoint licensing. It supports your rapidly evolving business needs by giving you flexible access to the offerings included in the platform. Purchase entitlement based on your expected needs. When your business requirements change, gain the flexibility to add or stop using a product and apply the same flex points to another offering within the platform, as long as you stay within total flex points purchased.

Read the documentation