Dell Services Launches Comprehensive New Business Processing Platform for Property and Casualty Carriers with Partner CodeObjects
Dell Services today announced a new state-of-the-art Business Process as a Service (BPaaS) offering for Property and Casualty (P&C) to help insurance carriers reduce time to market, lower processing costs and elevate service to agents and employees with a pay-as-you-go model.
Many P&C insurance carriers’ legacy system infrastructures lack the flexibility and agility to adapt to changing market conditions. They also lack the ability to automate repetitive underwriting tasks, enable self-service for customers and agents, and utilize business intelligence to improve metrics, workflows and fraud detection. Moreover, the percentage of direct written premium spent on IT continues to increase while its benefit to carriers decreases. Carriers also need to modernize—in a cost-effective manner—technology, procedures and practices to gain more robust capabilities.
"The insurance market is under pressure from consumers who demand a more personalized experience and anytime access from any device, but legacy technology cannot deliver on these expectations," said Sameer Kishore, vice president, Banking, Financial Services, Securities & Insurance (BFSI), Dell Services. "The Dell Services and CodeObjects BPaaS offering helps carriers realize enhanced flexibility to adapt to the changing needs of the industry and provides superior support and enhancements that ultimately benefits customers."
"We are very excited to partner with Dell Services to launch this business processing platform for the Property and Casualty insurance industry," said Anil Annadata, CEO, CodeObjects. "Our solutions help insurers write better policies that reduce risks and drive profit. The combination of Dell Services and CodeObjects brings best-in-class technology and expertise to insurance carriers."
With Dell Services BPaaS for P&C, carriers are able to:
For more information about Dell Services BPaaS for P&C, click here.
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