The insurance industry is showing signs of recovery. With improved underwriting performance and returns on equity, carriers are increasingly positioning themselves for growth through distribution channel excellence and new product development.
However, insurers are often faced with a complex legacy processing environment that is brittle, lacks agility, and is extremely expensive to maintain and adapt to fuel innovation in products, processes or services. Insurers need more modern, configurable and cost-effective core systems to lower IT cost ratios while gaining greater access to data and business logic. This, in turn, leads to better support of new product development and new channel strategies.
Microsoft and its partners support insurance carriers with a high-performance, mission-critical platform at a low total cost of ownership, which improves IT cost ratios while providing the flexible foundation needed for business transformation.
Our policy administration solution partners, including Accenture Duck Creek, CSC, EXL LifePRO, IGO, Innovation Group, Intrasurance, Insurity, RDT, SSP, SFS, Tropics and more, provide modern, real-time policy administration systems based on the Microsoft platform to promote operational efficiencies, cost savings, and bring new products and channels to market faster.