XTRAC for Insurance Providers

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GET CONTROL AND VISIBILITY. REDUCE COSTS AND RISK.

Few industries are changing as fast, and facing as much uncertainty, as the insurance industry. Significant new regulations require fundamental shifts in enterprise risk management and corporate governance practices. The challenge of maintaining legacy technology systems, along with rising customer service expectations, is driving increased pricing pressure. Your insurance organization can address these challenges head-on with the XTRAC® Workflow Suite.

With XTRAC®, you have the ability to make necessary adjustments quickly and seamlessly. Rules for processing work are created, followed and tracked so that your associates can work smarter and faster. Work history and documents are stored in a compliance-facilitated and highly secure cloud, eliminating the need to spend valuable time and resources on maintaining old technologies.

Whether you are in the business of Life and Annuity, Property and Casualty, Reinsurance or all of these, XTRAC provides an easy, affordable way to become more agile by automating, standardizing, tracking and controlling how work gets done across your organization. Your business can be more efficient, get control and grow.

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XTRAC HELPS INSURANCE COMPANIES:

 
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BE MORE CUSTOMER-CENTRIC

  • New Client Onboarding
  • Customer Service
  • Products and Services Development
  • Marketing and Communication
 
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GET CONTROL AND MANAGE REGULATORY RISK

  • Regulatory Reporting
  • Audit Reviews
  • Compliance Facilitation
 
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IMPROVE OPERATIONAL EFFECTIVENESS

  • Underwriting
  • Policy Administration
  • Claims Management and Adjudication
  • Agent Management and Licensing
 
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GAIN FINANCIAL AND ADMINSTRATIVE VISIBILITY

  • Asset Management / Annuity Processing
  • Finance and Accounting
  • Contracts Management
  • Procurement and Accounts Payable
  • Staffing and Benefits Processing
 

 

* Source: Industry Outlook 2011-2014: Executive’s view on the Economy, Growth and Spending, KPMG.