Insurance Industry We deliver performance management software and services to large and medium-sized Insurance Companies. The solutions we deliver are mostly customized to perfectly meet the needs of our clients in this industry. Our solutions enable our insurance industry clients to:
Manage captive and independent agents to improve performance by aligning decisions with strategy and data by combining strategic planning, timely monitoring, and deep analytical capabilities. With Cognos, insurance companies can also communicate priorities enterprise-wide with cascading scorecards, engage front-line sales and service managers with the planning process, and get everyone operating from a single version of the truth.
Manage risk and compliance more effectively by efficiently managing multiple reporting and consolidation standards such as IAS and U.S.-based GAAP; inter-company elimination and reconciliation; multicurrency translation; complex ownership calculations, and financial consolidation rules.
Care for customers by allowing more transparency or visibility into the claims process insurers are able to provide better customer service and see where they are missing service targets.
Reduce costs and increase efficiency creating a self-service reporting platform that reduces the demand on IT while enabling insurers to make more timely decisions on claims, quickly analyze sales agent performance, and serve customers more efficiently.
Make planning easier by augmenting or replacing cumbersome spreadsheet-based systems with flexible, connected planning software that reduces consolidation, close, and reporting cycles by days or weeks.
An example of our insurance industry client is Travelers, a World leader in insurance services.