Build unique and flexible policy admin, billing and claims systems, plus companion quoting portals, using our innovative component-based Insurance Systems Framework. Tackle specific challenges posed by the multitude of LOBs, including non-standard commercial, specialty and farm lines.
Instead of resorting to the prohibitively expensive buy-vs-build compromise and associated risk, insurers can craft the most optimal and custom-tailored solutions at a fraction of the cost of package-based solutions. Our carrier partners retain full control of the solution with access to the architecture and design, along with the complete source code, thus avoiding any perpetual, recurring costs.
Although still reliant on legacy core systems for some key functionalities such as rating, underwriting edits and stat reporting, insures have been making significant improvements and incremental innovations to their systems on a nearly continuous basis. For example, carriers have implemented advanced workflow solutions for agents and internal users, while also creating sophisticated web-based user interfaces and self-services portals for agents and policyholders. Carriers are already able to automate most of the policy life cycle functions, such as quote, issue, bind, renew, endorse and cancel.
Using a package-based solution requires throwing away all the hard work, time and the valuable assets that users appreciate, and then re-implementing them in the most expensive manner as ‘customizations’ to standard vendor packages. This model often results in significant schedule and cost overruns for the carrier. If the true need is only in modernizing the few left-over modules, then paying a prohibitively expensive premium for the packages and their fractional utilization is not meaningful.
Further, while packages are well tuned to deal with standard, run-of-the-mill LOBs, they also require significant customization and tweaking when the solution is targeted for several non-standard, commercial or specialty LOBs.
The Jarus micro service-based Insurance Systems Framework provides the right solution for these scenarios. The goal of ISF is to KEEP WHAT YOU LIKE and REPLACE ONLY WHAT YOU HAVE TO. Jarus provides the complete blueprint, architecture, design, reference implementation, and the full source code at a fraction of the cost of package-based solutions.
Jarus accelerates implementation using a proven agile implementation process and its superior team, with deep insurance technology domain expertise. Our requirements process enables elicitation and analysis of business goals to reduce the risk of costly delays and cost overruns. The agile methodology ensures that stakeholders receive a deployable release at the end of each sprint.
"Jarus is one of our longest standing relationships; they have proven their ability to add value across a wide range of needs, from core systems development to single page applications to basic troubleshooting.
Their deep knowledge of many technologies coupled with a keen understanding of the Insurance domain has made them an extremely effective partner for Farmers Alliance.”
- Andy Edwardson, CIO, Farmers Alliance Companies.