Enterprise Information Management
The changing business landscape is becoming a constraint for Insurance companies to remain on the growth trajectory. Changes in technology, managing information and segregated environments due to mergers/acquisitions and handling multiple lines of business have also made it increasingly difficult. Most of these organizations have structured databases but leveraging these still remains a challenge. The ‘volume, variety and velocity’ characteristics of information, makes it extremely difficult for Insurance organizations to understand and make use of it.
Virtusa’s Enterprise Information Management (EIM) practice can help Insurance organizations maximize the value of their available information assets while minimizing risk. Our experience in traditional and hosted DW/BI implementations, along with product engineering heritage helps deliver optimal solutions closely aligned with core business objectives in areas like claims processing, underwriting and policy management. Our cohesive and integrated approach helps increase the accuracy of risk assessment by predicting and preventing losses due to fraudulent and suspicious claims thereby having a more profitable policy in place.
Our EIM solutions cover the complete lifecycle of information utilization from ideation to implementation thereby creating a value driven approach. Virtusa’s consultants redefine your strategy and solution architecture, helping you combine and identify similar types of data. Our solution ensures consistency across product, policy and other data system. By leveraging your existing assets, we help meet your present and future information needs.
Click here to know more about our comprehensive suite of consulting and technology offerings in the EIM space.