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Intellect SEEC, a Polaris Group Company, is announcing the launch of its new Collaborative Business Solutions – Insurance CBX.
The Company said these solutions are designed to effectively utilize portal technology, process choreography and business components built on ACORD standards that improve efficiency and support business growth.
Insurance CBX is an SOA enabled solution designed to provide seamless integration and straight through processing for critical business processes. The Company noted some of the business processes where efficiencies could be achieved include:
- New business applications for Property & Casualty (P&C),
specialty insurance, life and annuities
- Automated underwriting to reduce cycle time for policy
insurance
- Claims for P&C, disability health and specialty insurance
- Agent and service portals that provide consistent and easy
access to information across multiple back end systems and lines of
business
“Intellect SEEC was the only vendor that could meet our requirement to deliver a new business and automated underwriting system in less than 6 months. This was critical to our business plan. Their technology is state of the art and gave us the flexibility to choose our functionality in phases as it is an SOA component based solution. We have been very satisfied with the quality of the solution and their ability to meet tight deadlines,” said Jim McCourt, COO, Mortgage Assurance Corp.
Arun Jain, Founder, Chairman & CEO, Polaris Software Lab said, “We understand how to digitize and make the business process workflow more efficient and that’s why Insurance CBX was designed with the goal to improve business process efficiency in several key areas of the insurance industry. We have invested significantly in creating world class intellectual property that serves some of the largest financial institutions in the world and the Insurance CBX product line is our commitment to doing the same for the insurance industry.”
Commenting on the launch Ravi Koka, President of Intellect SEEC said, “We have created an insurance model and application architecture that allows for rapid assembly of solutions that are customer centric and allows insurance companies to react quickly to new business requirements, product introductions and support of new sales channels.”
Intellect SEEC helps insurance and financial services firms to deliver a customer experience across all products, channels and lines of business.
Companies such as New York Life, ICICI Prudential, Mutual of Omaha, and Bankers’ Life & Casualty, rely on SEEC to increase productivity and enhance customer experience. Intellect SEEC is headquartered in Pittsburgh, Pennsylvania, and has offices in Hyderabad, India.
Polaris Software Lab is a financial Technology company, with a portfolio of products, services and consulting.
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