Insurance Industry

Try this question: What is the most important pre-requisite to survive in today's volatile marketplace? The answer is rather straightforward - 'Information', or more precisely, Actionable Information; for no other industry is it as important as for the Insurance Industry, which is almost totally dependent on current and insightful information. Today's customers and investors want total operational transparency through effective utilization of technology.

Smart organizations have reoriented their business around customers. No wonder organizations are going an extra mile to reach and serve the customer. Technology has played a key role in this effort to compete in this market.

Internet technologies allow insurance companies to provide direct web access to their policyholders/customer to view and update their insurance records online. This personalized web-access service takes client servicing to an entirely new level, while increasing customer loyalty and value chain. Across the globe insurance companies are acknowledging the benefits of streamlined web-based workflow automation.

Binary's insurance solution provides a comprehensive tool for the insurance industry to improve process efficiencies, reduce operational costs, improve new market reach, improve customer satisfaction and maximize margins.