BPM gives an organization the ability to define, execute, manage and refine processes that:
Involve Human Interaction, such as placing orders.
Work with Multiple Applications.
Handle dynamic process rules and changes.
Now the Question you may ask yourself, Why BPM for Insurance?
Techcusp believes that the answer to this Question can be given with the following points:
BPM enables Insurers to automate Business Processes.
BPM enables Streamlined Processes for the Insurers.
BPM enables Underwriting and Submitting Claims in order to optimize costs.
Allow Insurers to rapidly roll out new offerings to meet Customer and Market Demands.
It helps facilitate greater collaboration between business and IT.
Why Use BPM?
We at Techcusp believe that Business Process Management has helped Financial Service firms realize numerous benefits related to Operational Efficiency and Business Innovation.
Enhance Employee Productivity.
Increase Partner Responsiveness.
Better Inventory Management.
Enhance Product Capabilities.
Increase New Business.
Raise Customer Service Levels.
How Can BPM Help Insurers?
While most of the challenges faced by Insurance Companies are similar to the challenges faced across all Industries, Insurers must particularly focus on increasing cost effectiveness and better managing risk.
Techcusp feels that the answer to the above Question is pretty simple:
BPM helps Insurer to Monitor Performance of distribution channels.
Update Agent Compensation Management.
Adopt new channels faster and integrate them with existing channels.
Automatically Initiate Policy Renewals.
Improve Compliance to regulations.
Enhance ability to issue policies, leading to enhanced Customer and Agent experiences.
Automate claims routing to claim adjustor.
Techcusp.com has deep Insurance Domain Knowledge to understand your growing business and operational needs.
We are IT Services & Software Development firmbased out of Jersey City, NJ. Our Project Leads / Developers / Consultants have deep exposure & understanding of Insurance IT, HealthCare IT and Banking IT space. Reach out to us for our seasoned & domain rich IT Consultants; Developers & Software Engineers for short-term or long term Projects on FTE/W2/C2C basis.
Ability to Research and evaluate alternative solutions; thereafter, recommend the most efficient and cost effective solutions for the systems design, while providing a solution that meets the business’ strategic objectives; include the integration of existing code-sets and/or components as part of the overall design solutions where practical
Able to handle and manage through issues – QA, test scripts, test scenario’s, UAT etc
Deep background into Microsoft Development environment i.e. C#, .Net, SQL, SharePoint, VB3 etc.
Deep Clustering experience
Document and test using proven industry standard code analyzing tools, implementing, and providing ongoing support for the applications
In-depth and hands-on knowledge of the system development life-cycle, the client area’s functions & systems, and application program development technological alternatives
Proficient in industry standard best practices – Coding Standards, Coding modularity/Re-use, Application Design/Prototypes or Coding analyzer/profiling Toolsets
Project Lead with a development background – Hands-on development
Strong SQL server experience (triage, know server fails, database performance, etc.)
Years of experience as primary project lead on medium to large size application development projects
We are IT Services & Software Development firm based out of Jersey City, NJ. Our Insurance Project Managers have deep exposure & understanding of Commercial Lines, Personal Lines, RI and WC Insurance space. Reach out to us for our seasoned & domain rich IT Consultants; Developers & Software Engineers for short-term or long term Projects on FTE/W2/C2C basis.
We are IT Services & Software Development firm based out of Jersey City, NJ. Our Insurance Program / Project Managers have deep exposure & understanding of Commercial Lines Insurance, Personal Lines Insurance, WC Insurance IT. Reach out to us for our seasoned & domain rich IT Consultants; Developers & Software Engineers for short-term or long term Projects on FTE/W2/C2C basis.