Cloud software solutions for Insurance companies: Promote growth and profitability
Insurance companies not only need to service claims; they need to be able to grow the money they take in—and that has its own set of unique requirements. You need to have a full understanding at all times of what you are distributing and the activities of the agents with which you do business. You also have your own unique set of regulatory requirements to address.
Antiquated, disparate systems don’t give you the insight you need, which can result in poor decisions. You need all the information in one place. A traditional data warehouse simply will not suffice, and point solutions don’t give you the flexibility you need to accommodate your company’s unique business processes.
Put everything under one roof
With HSO’s DynamicsAdvantage for Insurance companies, fragmented systems are replaced by a single, consolidated solution built on Microsoft Azure and Dynamics 365 that integrates CRM, financial management, and more for increased profitability:
- Get a clearer picture of performance for smarter decision making
- Easily manage even the most complex, global consolidations
- Manage accounting for mergers and acquisitions
- Meet regulatory requirements with robust workflow and auditing capabilities
- Automate tasks to reduce the administrative burden
- Use document versioning, storage, and management for multiple carriers and policies
For insurance carriers with non-captive agents:
You depend on high performing producers and can help them remain there. First, you need to identify your top producers; and second, you need to support them in their efforts to recruit new brokers and agents while competing with other carriers. You need insights to identify them, and they need insights to uncover opportunities so they can be proactive with their channel. Microsoft Dynamics 365 Customer Insights provides the insights to stay in front of agent demand, creating strong, long-lasting relationships.
For insurance carriers with captive agents or direct sales:
If your agents or sales people don’t sell competitively, your company suffers. The question is, how can you help them be as productive as possible? The answer: Giving them the ability to gain actionable insights that will help them uncover opportunities for cross-selling and upselling as early on as possible so they can take action. Customer Insights for Insurance Carriers will make them proactive, not reactive. Rather than waiting for a call from the customer, they will be armed with insights to make the first move, eliminating the risk of dissatisfied customers or worse—customers lost to another carrier that was ahead of the curve.
Compliance concerns? No problem
Regulatory requirements can cause an administrative nightmare for any organisation handling assets. With HSO’s DynamicsAdvantage for Insurance companies, you are covered—in STAT, GAAP, IFRS, and tax—regardless of where you operate.
The Microsoft Power Platform: Getting you exactly what your company needs
A solution packed with features ultimately isn’t enough for a competitive company; you need technology to support your unique processes. The Microsoft Power Platform includes tools– Power Apps, Power BI, and Power Automate (formerly known as Microsoft Flow)–that give everyone in your company–not just programmers–easier access to business intelligence, app development, and app connectivity.
And, the Power Platform extends Microsoft 365 and Dynamics 365 but also integrates with nearly any application or system, including Salesforce, SAP, Oracle, or point solution. It lets you easily build business apps and extend or customise the software solutions you use—in days, not months.
Discover what the Power Platform can do for your company with an HSO Proof of Concept engagement
A proof of concept is an easy, low-risk way for your company to see what the Power Platform can do. In a 5- to 10-day engagement, we work with you to re-imagine your company’s goal or challenge. The PoC engagement stimulates ideation and then provides deliverables that demonstrate the value to expect when you go forward with a Power Platform project.
Listen to the latest Financial Services podcast to hear more from Hamilton Insurance Group’s, Bent Isachsen on creating a data driven insurance marketplace and more. For industry blogs, please click here.