Business Process Management for Insurance: Adeptia BPM Server
Insurance industry like many other industries has gone through the times when high operational expenses used to be a sign of good customer care. Now, contrary to its old belief the industry understands that there is an inverse relationship between the back office expenses and customer satisfaction level.
(I-Newswire) - Adeptia improves operational efficiencies, thus profitability. Adeptia helps Insurance companies differentiate themselves and develop competitive advantage versus their competitors.
Adeptia BPM for Insurance solution helps manage, automate and optimize crucial and routine business processes, thus reduces operative cost and improves profit margins. Here are some key features:
Automated Book of Business Transfer: Eliminates manual transfer of millions of policies records, which is human-intensive and error-prone, and enables enables automated rolling of book of business and rapid transfer of underwritten policies from ceding companies to reinsurers.
Agency-Carrier Interface: Addresses to diverse requirements of independent agents serving millions of customers, as an interface between independent agents and insurers that ensures carriers and agents can quickly roll out real-time transactions. These transactions include inquiry, first notice of loss and request for quote, which can be provided seamlessly to agency systems.
Claims Management: Eliminates lengthy and scam-prone claims procedures, by automating and controlling the processing and management of a claim from first notice of loss through to settlement and finalization. Insurance standards based claims management helps develop paper-less office and brings agility to claims settlement process. Moreover, automation of claims procedures reduces capacity constraint therefore higher number of claims can be settled in due time.
Adeptia was founded in June 2000, with the aim of taking business process management and integration to a broader market, beyond the Fortune 1000. Adeptia makes this possible by offering an easy to use, quick to deploy, powerful, and cost effective solution.
Adeptia provides enterprise software to easily and quickly automate business processes across supply chains using industry-specific standards. Adeptia's business process management ( BPM ) software allows customers to integrate disparate information sources, software applications and business users both within an enterprise and across customers, vendors and business partners. Moreover, Adeptia's technology allows customers to design, automate and improve workflows and thereby drive efficiencies.
Adeptia Inc 443 North Clark Avenue, Suite 350, Chicago IL 60610 Phone: 312-229-1727 Email: marketing@adeptia.com www.adeptia.com
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