Comprehensive Solutions for the Insurance Industry

Efficient IT Solutions to Improve Your Business and Gain Competitive Advantage

Financial services market faces dramatic changes brought about by globalization, increased regulative requirements, challenges of new technologies, new competition in all market segments, increased client demands, and others. Optimization of internal business processes and modernization of IT solutions became the foundation for the introduction of new services and efficient operations management within an insurance company.

Business Benefits of an Efficient IT System in Insurance Company:

• faster time-to-market for new products and services
• improved, streamlined, more transparent, and more cost effective business processes for improved company profitability
• lower barrier to entering new markets
• understanding client needs and their long-term value
• tracking business performance and improved agility to respond to market changes

HERMES SoftLab Solutions and Services for the Insurance Industry

Back-Office Systems

Maintaining inflexible legacy back-office systems is the major obstacle to achieving efficient and flexible operations, making it difficult for companies to achieve their business goals.

In cooperation with the leading providers of insurance services and are the right partner for insurance companies that are looking to replace or upgrade their back-office systems.

Data Warehouses and Business Intelligence

In information-intensive environments data warehouses and business intelligence are of crucial importance. With the ideal combination of technical and professional expertise, HERMES SoftLab is the right partner to help you make the right business decisions, since the collecting, organizing, analyzing, accessing, and managing information is highly simplified.

Business Process Management

With the introduction of e-business and the increasing demand for managing data and process flows, insurance companies face the challenge of reducing the costs of their operations and increasing their efficiency. They also need to manage their execution, analyze business performance, and track their results. Business process management solutions allow the integration of monolithic applications and applications that are technically difficult to integrate, creating a shortcut for insurance companies to streamline their processes and organization.

E-Business in the Insurance Industry

In recent years, insurance companies have faced growing demands for cost efficiency and the challenges of improving customer relationships. The answer to future challenges is to introduce e-business at several levels:

• connecting with customers
• B2B integration
• integrating incompatible back-office systems within the insurance company

Working together with our partners, we offer a range of custom service:

• business application integration
• implementing new and upgrading existing back-office systems
• e-business solutions
• mobile solutions
• development of custom business applications

For the case study of Motor Insurance Register open the brochure.

References

Our insurance company and financial institution references are: the Slovenian Insurance Association, Triglav Insurance Company, Nova Ljubljanska banka, Gorenjska banka, Poštna banka Slovenije and HYPO ALPE-ADRIA-BANK. Our references in Croatia and Bosnia and Herzegovina include the HYPO ALPE-ADRIA-BANK group, Slavonska banka Hrvatska, Raiffeisen Bank BIH and others.