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The goal
Flexible applications across your enterprise
By using the IBM Insurance Application Architecture (IAA), you can develop corporate standards that business and IT can use to implement key strategic insurance initiatives faster and more reliably. Our process-based approach can help you reduce redundant processes while drawing a roadmap to business transformation.
The advantage
A framework for insurance transformation
IBM IAA marries IT to business strategy, providing a collection of more than 200 business processes and 700 individual business activities that represent insurance industry-wide best practices.
The solution drills down into individual business components and identifies activities that occur in multiple areas. It connects the pieces in a rational framework, painting an organizational picture that shows how all the processes can be supported—perhaps even cost-effectively automated—by IT.
Together IBM IAA running on a service-oriented modeling architecture provides an insurance company with a toolkit to identify a better, faster, more cost effective way of doing business. The solution models point the way to application design and development capability across business components, and offer deployment options that support a variety of technology standards.
In addition, IBM IAA integrates with IBM’s Component Business Model, used for business re-engineering.
The benefits
Effective and efficient insurance operations
IBM IAA can help make your organization’s transformation process effective and cost-efficient. Benefits derived from our comprehensive solution can include:
- Faster time-to-market with more innovative products through the increase in collaboration across departmental boundaries.
- More frequent product introductions as a result of faster application integrations.
- Straight-through processing, reducing the time it takes to make underwriting decisions and issue policies.
- Access to virtual real-time, up-to-date information by producers and call center staff, making your organization easy to do business with.
- More knowledgeable and efficient service from internal to external customers.
