IBM insurance industry framework validation awarded
SSP today announced that IBM has validated InsureJ, SSP's component-based general insurance solution, against the IBM insurance industry framework.
"Consumers and brokers increasingly want 24x7 access to products and services, through multiple channels and insurers need to be able to deliver this quickly and efficiently without costly manual intervention," says Kevin Gaut, chief technology officer at SSP.
“The complexity of legacy systems makes this difficult, costly and risky, but by replacing out-dated and inefficient systems, InsureJ reduces costs and boosts productivity for insurers.
"SSP's involvement with initiatives like IBM's Framework underpins our strategy to bring the sizable benefits that InsureJ can deliver to the widest possible customer base.”
SSP said the IBM Framework provides flexibility, reduced costs, and the rapid deployment and integration of low-risk insurance solutions.
As part of the IBM framework, SSP will deliver solutions that accelerate the transformation of business processes, from policy administration to claims processing, it added.
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