Point Services

The philosophy of Point Services developed by our Centers of Excellence revolves around providing focused technology solutions to specific business problems of insurance companies. The solutions are based around their existing IT infrastructure with incremental changes to obtain maximum Return on Investment.

Underwriting Transformation Insurance companies have to be profitable in their core activity of underwriting without an undue dependence on other sources of income like investments. Essentially the combined ratio, which comprises the loss ratio and the loss expenses adjustment ratio, needs to breach the 100 mark. Underwriting Transformation is focused on improving underwriting effectiveness and product pricing. This is achieved through continuous analysis of underwriting performance by underwriting department and actuary by reviewing underwriting, claims, sales and external data. This article explains how Underwriting Transformation brochure

Activity Based Costing Decreasing margins and increasing cost of acquiring new customers are forcing insurance companies to take a re-look at their actual costs of business. Activity Based Costing provides the tool with which to go beyond gross margin and penetrate the real economics of all aspects of cost and profitability, including that of servicing customers. The analyses provided by Activity Based Costing can provide solutions to many of the critical business issues facing the insurance industry. This article explains how Activity Based Costing

Other Point Services form Insurance Solutions

Agency Self Service Single Customer View Billing Consolidation

Archive, Purge & Retrieval Single Data Entry Rule Based Engine