Microsoft offers insurers two options for policy administration – buy and build.
Buy solutions are available through industry-leading partners that build on Microsoft’s core technologies. Microsoft-based policy administration solutions can provide insurance companies with a modern platform at a lower cost investment. The solutions can help insurers increase agility in responding to market and customer opportunities as well as competitor changes. Insurers can use the flexible platform to improve product development and management for a faster time to market. Insurers also benefit with increased straight-through processing across the systems and solutions that integrate with policy administration. Microsoft-based policy administration solutions are easily configurable with tailored business rules and workflow, which allows for IT and process efficiencies and greater system agility.
Microsoft can help insurance companies do more with their existing policy administration solutions or help them build new solutions. Microsoft technologies can help insurers build a modern policy administration platform for a fraction of their previous anticipated investment. With a modern platform, insurers will gain competitive advantage with the agility to respond to market and customer needs faster than competitors. Insurance companies also will be positioned for future growth with a scalable platform. Tools such as SQL Server and BizTalk Server can help insurers achieve an agile system that is scalable for future growth, through adding processing power or servers.