StepITup™ Insurance Solutions is a suite of technology services aimed at unlocking the full potential of an Insurer’s IT investments
and maximizing their business value. Backed by hundreds of person years of research and experience in Insurance and technology,
we deliver significant business value to Property and Casualty, Life and Health Insurers spanning the entire Insurance value chain.
Our Solution
StepITup™ services enables Insurers in addressing their challenges in three stages:
Knowledge Suite for Insurance
Knowledge Suite for Insurance combines best-of-breed technologies and best practices, that
helps empower Insurers with the right tools and technologies to excel in the insurance market. With the Knowledge Suite for
Insurance, Insurers are able to:
- Achieve straight-through processing for new business transactions.
Use Business Rule Management Systems (BRMS) to automate underwriting, bind and issue policies in real time
- Make intelligent and informed decisions.
Use Business Intelligence (BI) and advanced analytics to carry out what-if analysis to predict impact of pricing changes and introduce new product what-products
- Gain valuable insight and respond to possibilities.
Use Data Warehouse and data mining technologies to deliver management reports and scorecards to front-line decision makers through
executive dashboards
- Improve service and reduce processing costs.
Automate manual processes by leveraging Business Process Management (BPM) technologies
SOA Enablement Services
SOA Enablement Services enables Insurers to create a connected enterprise that supports continuous business innovation and optimization. Our enterprise architects apply their in-depth knowledge of Service Oriented Architecture (SOA), Web services, ACORD
XML and Enterprise Portal technologies, and leverage existing core systems and packages to expose a set of services that allow
Insurers rapidly introduce new business capabilities. Using this approach, Insurers are able to:
- Create agent and customer self-service portals rapidly by reusing existing functionality.
- Enable business-to-business transaction capabilities with business partners and government agencies.
- Modernize legacy systems in an incremental manner that reduces costs and risks of failure and obsolescence.
Application Development and Management
Application Development and Management (ADM) Services help Insurers reduce the total cost of ownership (TCO) of development and
maintenance of existing systems by outsourcing development and maintenance to our global delivery teams, allowing Insurance IT
staff to focus more on long term, strategic business initiatives. Our SEI CMMI processes support the Application Development and
Management services through our global delivery model. We leverage our domain expertise and technical experience in Insurance
packages and applications to deliver significant value to our customers.
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