INSURANCE
USS Global Insurance Services
“A single source of IT solutions for Insurance Services”
One of the most effective ways of enabling profitable growth in the insurance business is through innovative technologies. However, this comes at a cost. Implementing new technologies can strain a company’s resources and stretch its budget. How do you determine which technologies are worth investing in today, and which ones should be shelved and put on a “wait and see” list?
This is where our team of insurance experts at USS’s Global Insurance come in. They will help you to:
- Assess new insurance technologies
- Look at their effect on your organization
- Calculate the cost to benefit ratio
They will do this while answering the question “Is it worthwhile to invest in this technology now, or should it be shelved for later?” If they find that it makes business sense to invest in the technology immediately, USS will handle and facilitate the implementation of that technology.
USS prides itself as the – “IT Trend Setter for the Insurance Industry” We offer exceptional services in:
- Mobility
- Big Data and Analytics
- Automating Regulatory Compliance
- Improving Agency Experience
- Improving Social Media Collaboration
While Mobility has become a high stake affair for insurance carriers, the success of implementing mobile solutions requires more than just providing downloadable apps for customers, agents, and employees.
At USS we help Insurance carriers take strategic approaches to their mobile offerings. We help them ensure that these offerings do not just enhance the user experience, but provide functionality. We leverage the capabilities of the device to give users what they want.
We work with Insurance carriers to help them take advantage of Big Data / Analytics’ predictive modeling in different sectors of their business including; Underwriting, Marketing, Claims and Risk Management. For example, during the underwriting process, Analytics guides the underwriters on how to improve Risk Assessment and optimize premiums.
Our data experts offer support to Insurance carriers to help them identify customers who are receptive to cross-selling offers or are likely to defect. This pre-analysis is offered by a pool of talented Insurance IT Experts drawn from the USS center of Excellence. Big Data, on the other hand, helps Insurance carriers to reduce fraud cases. It detects potential fraudsters by exposing hidden patterns in their activities.
USS’s Modern Core Systems helps Insurance carriers to take advantage of Regulatory Automation over their peers while working within the confines of a legal environment.
Unlike other core systems, the USS’s Modern Core System is based on business rules and workflows rather than hard-coded instructions. This makes it easier to maintain and change its operations in line with morphing regulations.
Most Insurance carriers provide robust portal environments for their Agents. These functional portals enable Agents to;
- Upload applications
- Get quick quotations
- Bind and issue endorsements
- Have easy access to risk appetite guides, proprietary rules, and forms.
USS’s Agent’s portal Improves Agency Experience, it has a real-time upload and downloads functionality. This helps Insurance carriers to work with large agencies that represent multiple carriers.
Insurance consumers and Agents expect to connect and collaborate. Social Media helps people to connect. USS’s Social Media tools help improve collaboration and decision-making process between internal and external distribution channels for Insurance carriers. This is established through powerful social media marketing tools like Facebook, LinkedIn, and Twitter. They provide opportunities for customers to collaborate, share information and help drive brand awareness.
USS’s Global Insurance Services has the necessary expertise and will provide solutions in all these trends. USS will help you to assess your technological needs, plan and build programs that match those needs. We will collaborate with you to deliver the expected results.
Our team of IT Insurance specialists from USS’s center of Excellence are on standby, ready to advise you on the best value-added solutions your business needs to get positioned for the future.