Many insurers still rely on spread sheets and legacy systems to manage their businesses especially in the captive market. Data often resides in multiple systems, not necessarily integrated, making work processes and procedures inefficient, time-consuming, labour intensive and error prone. The insurance market is also increasingly subject to regulation and reporting such as Solvency II (compliance by Jan 2016). The captive market has been slower than others in the insurance world to start preparing for regulatory compliance making it more urgent as the deadline approaches. Other jurisdictions are also expected to gradually introduce tighter regulations.

ccDevnet can build robust, secure, scalable systems where all an insurer’s data can reside and is easily accessible. We can help you improve organizational efficiency, productivity and comply with regulations.

The key benefits of ccDevnet insurance solutions include:
Improved risk management
Regulation, compliance and reporting
Legacy system replacement
Improved customer acquisition and retention
New product and service development
Mobile apps for marketing, sales and customer services
Better business management
Reduced operating costs
Systems integration
Reliable, scalable and ultra-secure systems

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