Insurance Policy Administration System - List of Manufacturers, Suppliers, Companies and Products | IPROS

[System Reconstruction Case] Insurance Framework

Breaking away from "1 insurance product, 1 system"! A case study that achieved reduced development and maintenance costs and shortened lead times.

We would like to introduce a case where we rebuilt the insurance contract management system for a property and casualty insurance company and established a framework that allows for the integrated management of multiple products. The company required support for a wide variety of forms and a vast number of management items, as well as the ability to address complex and advanced business requirements. Since individual systems were built for each insurance product, modifications to multiple systems occurred every time there were regulatory or legal changes, resulting in significant development and maintenance costs. To address this, we defined insurance products as a common model and systematized business rules and administrative constraints within a data model. We designed a database that could manage multiple insurance products within a single system and significantly improved development productivity and maintainability by linking model information to low-code tools. [Results and Effects] - Significantly reduced lead time for market introduction of new products - Reduced system maintenance and operational costs - Achieved rapid and efficient responses to regulatory and legal changes - Facilitated easy addition of products and expansion of functions through a common platform *For more details, please download the PDF or feel free to contact us.