IBM Unveils Analytics Software for Insurance Carriers
The company's new software package boost client service, optimize business efficiency, and better manage risk.
IBM's Insurance Industry Framework offering is designed to help insurance carriers boost client service, increase agility, optimize business efficiency, and better manage risk. According to this IBM press release, the packaged software also offers advanced analytics and process optimization and collaboration capabilities.
"Built on open standards technology, IBM's Insurance Industry Framework provides the base upon which insurance carriers can seamlessly upgrade and transform their business models, without ripping-out and replacing legacy technologies. Connecting disparate systems across the enterprise and exposing key information to their distribution channels in a coordinated fashion, the framework enables a company's progressive transformation with proven technology capabilities already employed by dozens of insurance institutions. As a result, insurance carriers are now able to safely and securely update their infrastructure on the fly, more cost effectively and quickly."