Insurance companies have a requirement to balance short-term capital needs with long-term security and revenues. In a highly competitive market with small margins it is essential to be able to quickly bring innovative products to market whilst still complying with industry regulations and managing risk. Insurance companies are increasingly focusing on customer value and satisfaction to try and reduce churn, retain customers and market share.
Pitney Bowes Software enables Insurance companies to become more competitive by allowing them to become more agile. This enables them to better manage and respond to risk and comply with legislation such as Solvency II. Critically it also enables them to bring new products to market quicker than competitors whilst fulfilling customer value, resulting in improved profitability.
Our solutions can transform Insurers operational and strategic processes across the business. The end result is revenue increase and growth, through effective customer lifetime value strategies and new business acquisition.