What We Offer: Industries: Insurance
Insurance Industry Challenges
Effective use of Information Technology is ever more important for the insurance industry. Squeezed between rising costs for everything from new policy acquisition to regulatory compliance and low to moderate premium growth, insurance providers must explore a multitude of methods to protect profitability. On the revenue side, they can introduce new products or expand into new markets to grow premiums, while on the operational side they can seek ways to increase efficiency and lower costs in areas such as policy maintenance and claims processing. In both cases, IT can be either an enabler or an inhibiter to these initiatives. The vast portfolios of legacy applications that run the business are costly to maintain, difficult to change and pull development resources away from strategic efforts. However, implementing new applications and technologies can streamline workflows, eliminate paper, and enable policyholder self-service and other improvements that can greatly increase operational efficiency as well as provide a foundation for launching new products and insurance services.
How Dextrys Serves the Insurance Industry
Dextrys has extensive experience in project management, application development, modernization and maintenance, and quality assurance within the insurance industry. Our Global Delivery Model provides the cost, time and resource benefits of offshore delivery from China with onsite project management and local accountability. We understand the complex regulatory and privacy needs of the insurance industry and have a multi-tiered approach for protecting intellectual property and confidential data. Using these capabilities, we help insurance companies:
- Build new, leading edge applications and services for distributed, web and mobile platforms
- Modernize legacy applications to simplify changes, improve interoperability, reduce support costs and permit reuse on new platforms and architectures
- Lower the cost and improve the effectiveness of application testing and QA efforts
- Reduce costs and free internal subject matter experts by outsourcing application maintenance and support
- Enter new markets by internationalizing and translating applications, web sites and support materials
- Establish operations within China, gaining entry into a large, fast growing market while diversifying India or other geographic risk