Achieve IT and business integration for your core insurance applications
A Service Oriented Architecture (SOA) provides
- A simple, reusable, platform-independent systems integration methodology for both internal and external systems, giving you significant competitive advantages.
- Invocation of various business functionalities across different delivery channels and different processes.
- Universal access, which is especially valuable in the insurance industry, since a number of these business functions are embedded in legacy code.
PRS Consulting’s SOA Implementation Framework: Incremental SOA adoption
To sustain growth in the highly competitive personal lines insurance business, you need to move towards a service-driven enterprise. PRS Consulting’s incremental SOA deployment methodology ensures that you can move to a more advanced model over a period of time, based on changing requirements. This effectively addresses the typical issues in adopting SOA.
With PRS Consulting’s SOA deployment, you can:
- Leverage your current investment by taking the best output from the existing applications and other IT resources.
- Achieve interoperability among core insurance applications and foster more effective application integration
With some very successful engagements in providing SOA-based IT services, PRS Consulting has acquired significant SOA capabilities. Over the past few years, we have successfully helped our clients to seamlessly adopt SOA as an integral part of their IT landscape.
Your benefits
Our phased approach to SOA implementation helps you to reduce integration costs and make systems development for new business, underwriting, policy servicing and claims more efficient and effective. Major benefits include:
- Integration of the information chain between departments, policyholders, agents, brokers, service suppliers and information suppliers
- Leveraging of investments in existing legacy applications e.g., policy administration and claims by extending their functionality
- Integration of multiple supporting applications and external service provider information
- SOA-based policy underwriting system which automates the entire underwriting process, allowing insurance carriers to consolidate the multiple administration platforms used across their entire businesses
- Management of business processes to respond to changes such as regulatory requirements, and help design, develop and introduce new products fast
- Reduced implementation costs by increasing reusability; services can easily be shared across multiple applications.
Contact us to discuss your SOA implementation needs.
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