Consolidating Individual and Group Business on a Single Platform — It Can Be Done
Recorded October 30, 2013
Voluntary Worksite Benefits — they’re really not bad words. As life insurance and annuity carriers continue to step into this market, the question remains with “How to consolidate current individual business and this new ‘group’ business onto one platform?” Carriers require the ability to rapidly adapt to changing regulatory requirements and market demand for new and improved products. They also aspire to reduce operational costs and complexity by decreasing the number of systems required to support their business. How is this possible? What will it take to get all this done?
Join Novarica, EquiSoft and Oracle for this webcast where they will walk you through the process of accomplishing these tasks, including understanding current market trends and the challenges carriers face administering employee benefits. They’ll also provide an inside look at a success story from a customer that incorporated their processes to a single platform and what it took to get them there from a technology standpoint.
What attendees will learn:
- Current market trends in this arena, what products employees tend to buy and how administrative systems with group analytics can help carriers identify these trends
- How to lower operational costs while enabling growth and product innovation
- How to improve your customer experience and processing efficiencies through best-in-class technology platforms that feature expanded rules reuse capabilities that help speed time-to-market
- How a carrier has been able to transcend their business from supporting only individual products to now include multiple lines of business, including voluntary benefits, all on one platform
Managing Director, Insurance
VP Insurance Division
Senior Director, Life and Annuity Policy Administration
Editor and Associate Publisher
Presented by LOMA Resource and Oracle Insurance