Insurance
Our solutions for the insurance industry focus on those aspects of the enterprise that are both the most complex and present the greatest risk to the insurer. Collaborative has exceptional experience and capabilities from strategy through implementation in the insurance industry with a number of insurers as clients.
Our insurance-specific solutions include:
Business Operations Improvement: As insurance companies seek to position themselves for growth and profitability, focus needs to be on operational improvement and revenue optimization. Collaborative applies its significant depth of insurance technology and business expertise to assist in the expeditious evaluation and recommendation process. Our competencies include:
- Program office evaluation and strategic implementation of refined processes and procedures
- Process and technology asset evaluation and product positioning
- Outsourcing evaluation and strategy development
Business Intelligence: With the challenges of intelligent use of data throughout the operations combined with transparency requirements many companies face the following issues:
- Silo’s of redundant data
- Transparency of data sources
- Changing data sources
Our services in this area include:
- Develop strategy for effective data management by providing consistency, timeliness and transparency of information
- Develop reporting capability to the user community to evolve to support mature level of inquiry
- Targeted end user reporting
- Data reporting outsourcing
Policy Administration: Collaborative can mitigate the risk of these mission critical project from our experience implementing a number of policy administration solutions (Phoenix, Fiserv, Duck Creek). Our services in policy administration include:
- Multi-party project management
- Business and technology integration of systems
- Production performance rescue
- Technology evaluation and selection
- Quality assurance programs to improve software delivery
Process Driven SOA Services: Modernization strategies being used today involve the implementation of SOA to transform the company to a service based organization. Our services include:
- Optimization of business operations that leverages new and evolving s Service Oriented Architectures (SOA)
- Development of Service Oriented Architectures (SOA) roadmaps and implementation strategy
- Development of service sourcing strategies that take advantage of the new company view