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Solution Frameworks
InsureWorks
i3’s InsureWorks a new generation of flexible core business systems for Property & Casualty insurers. InsureWorks empowers insurers to drive new levels of operational efficiency and customer satisfaction, as well as aggressively pursue business strategies and capitalize on opportunities, while being seamlessly supported by up-to-date technology.
InsureWorks designed and developed by core team with great expertise in insurance domain and cutting-edge technologies to meet the current challenges faced by the insurance industry in their IT initiatives.
By providing a rapid-development insurance toolset, InsureWorks allows i3 to build robust, custom solutions at great savings in cost and time. InsureWorks resolves the build VS buy dilemma by offering the best of both worlds: clients reap the benefits of packaged applications – proven code-base, accelerated time-to-market, and reduced cost – and the benefits of custom development – custom-fit, easily modified and no licensing fees.
The P&C industry is faced with significant challenges and unrelenting changes. Insurers must cope with escalating customer expectations, emerging risk exposures, new regulatory directives and intense competition, while striving for profitability. Regrettably, good business strategies and promising initiatives are all too often hampered by limitations of inflexible legacy systems.
With i3’s insureWorks best of breed enterprise software solution, an insurer does not just cope with change, but is empowered to successfully realize business initiatives at the core business handling level.
Our approach is based on the rational premise that enterprise systems must be flexible, extendable and unobtrusive. They must have the ability to change as fast, if not faster than the business itself. This level of agility can only be achieved by making business systems configurable by the business experts themselves, rather than dependent on continual complex re-programming by technical specialists.
i3’s answer to these challenges harnesses the technology of service - based development and architectures. In brief, this is the concept of building adaptable and readily integratable business-handling systems from functionally rich business software services.
Framework Overview
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Object based rules and Rating engine
- Business rules can be controlled at any level
- Rules are flexible to define any business function
- No limit to the number of rules that can be implemented for a given system function
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Forms Engine
- Ability to produce documents in a variety of formats, including Word, Excel, Acrobat, and Rich Text
- Display, print, fax or email documents from the desktop
Technology Benefits
- Speed integration with external technology and business partners
- Enable internal integration between disparate systems
- Save time and effort from developing internal standards
- Avoid internal political conflict by adopting external standard
- Ability to introduce new software easier
- Improved connection capability between internal systems
- Integration of services from external providers and business partners
Click here to view InsureWorks Case Study.
Learn more about InsureWorks Features and Benefits offered by i3.
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For more details call us at 1-732-516-1173 |
