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