Solutions

Insurance

Laying foundations for profitable growth

Insurance companies have a requirement to balance short-term capital needs with long-term security and revenues. In a highly competitive market with small margins it is essential to be able to quickly bring innovative products to market whilst still complying with industry regulations and managing risk. Insurance companies are increasingly focusing on customer value and satisfaction to try and reduce churn, retain customers and market share.

Pitney Bowes Software enables Insurance companies to become more competitive by allowing them to become more agile. This enables them to better manage and respond to risk and comply with legislation such as Solvency II. Critically it also enables them to bring new products to market quicker than competitors whilst fulfilling customer value, resulting in improved profitability.

Our solutions can transform Insurers operational and strategic processes across the business. The end result is revenue increase and growth, through effective customer lifetime value strategies and new business acquisition.

Risk and Exposure Catastrophe Management

Location Intelligence and Data Management solutions from Pitney Bowes Software give you the tools for understanding the precise level of risk attributed to specific properties.

Underwriting

By empowering real-time communications between insurers and underwriters, you can agree on a highly accurate policy price quickly and automatically.

Optimising customer retention

In a marketplace where customer choice is abundant, insurers must work harder to retain and maximise the value of existing customer relationships.

Claims management and fraud detection

Why are claims proliferating in a particular area? If it’s because crime is on the increase, or because certain streets are prone to flooding, then you should know about it.

Solvency II compliance

Pitney Bowes Software solutions provide unique insight into financial exposure and risk by property, improving reporting and supporting compliance with Solvency II.