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Futran Solutions has partnered with Duck Creek Technologies to deliver InsureTech solutions that rapidly increase ROI through digital transformation.
The insurance industry is on the verge of a significant change with the modernization of its core systems and automation of crucial tasks such as predictability and rate calculations. The clear message is that those who take early steps towards digitization will reap the most significant benefits. Moreover, this transformation is driven by the rapid advancements in technology, such as Intelligent Process Automation, Data Analytics, Low-code/No-code Applications, Cloud Adoption, and many more that Insurance companies leverage to streamline their processes, reduce costs, and provide better customer experiences.
At Futran solutions, we believe that it is crucial for insurance companies to recognize the significance of digital transformation and take proactive measures to modernize their core systems, automate their key tasks, and invest in the latest technologies. With our comprehesive set of solutions, we will help you to stay ahead of the curve and meet the growing demands of your customers in a fast-paced, digitally-driven world. Our solutions are designed to help you modernize your core systems, automate their key tasks, and invest in cutting-edge technologies. As a result, we believe that our solutions can empower you to remain competitive and relevant in today’s rapidly evolving industry.
Case Study:
Data-lake Implementation for better data correlation and managed services with robust control policies, real-time security auditing and compliance
Benefits:
1. Simplified data analysis to draw actionable insights
2. Zero downtime & scalable solutions to handle unpredictable traffic volumes
3. Automated data exception checks and correction mechanism
4. Secure - Data isolation by the client, Secure file transfer
Case Study:
Automation of end-to-end claims processing and bots were deployed to conduct all policy audits & perform endorsements for a property and casualty insurance company.
Benefits:
1. Decrease in processing time
2. Reduction in audits
3. Cost savings upto 35%
4. More accuracy
Accelerated core system implementation and integration
Disrupt the customer market with inclusive P2P networks
Reclaim hours of productivity and recuperate operational losses
Real-time data combine with internal and external sources to fuel operational effectiveness
Accelerated core system implementation and integration
Create a centralized and cloud-based record of millions of
transactions
Reclaim hours of productivity and recuperate operational losses
Automates insurance payouts and reduces fraud and processing time.
Identify and prevent fraudulent activities and reduce risks in the insurance
industry
Distribute products and services through various digital channels
Streamline the client onboarding process of integrating new clients into the
company’s operations
Simplify product launches and risk evaluation through
automated underwriting
Provide data-backed, on-demand and accurate insurance quotes
Create a centralized and cloud-based record of millions of transactions
Leverage new-gen insurance management software and stay super productive
Be at the center of fully digital, seamless and intuitive experiences
Learn which technology is used for your business KPIs
Compete with digital-first players riding on the back of new technology enhancing your legacy products. At the same time, you can boost the efficiency of your agents with the help of ML and RPA solutions.
Our experts suggest comprehensive and elegant solutions to tackle operational bottlenecks in claims management, underwriting and document management.
Use the intelligence from usage patterns, price tolerance and customer demand to tailor your offers. Make more cross-sells and upsells with the help of real time data instead of good old guess work.
Give your agents new tools to settle, record and manage more claims in the same time span. Record greater operational performance with custom software to manage insurance agency operations.
Case Study:
Data-lake Implementation for better data correlation and managed services with robust control policies, real-time security auditing and compliance
Benefits:
1. Simplified data analysis to draw actionable insights
2. Zero downtime & scalable solutions to handle unpredictable traffic volumes
3. Automated data exception checks and correction mechanism
4. Secure - Data isolation by the client, Secure file transfer
Case Study:
Automation of end-to-end claims processing and bots were deployed to conduct all policy audits & perform endorsements for a property and casualty insurance company.
Benefits:
1. Decrease in processing time
2. Reduction in audits
3. Cost savings upto 35%
4. More accuracy
Futran Solutions’ partnership with Duck Creek Technologies is driven by their shared goal of enabling insurers to harness the power of digital transformation to improve efficiency and drive growth. With Futran’s expertise in business analysis, front-ends, integration, and data solutions, coupled with Duck Creek’s cutting-edge technology, the partnership is poised to deliver innovative InsureTech solutions that streamline operations and enhance customer experience. Moreover, Futran’s vision of being the ‘Best Insourcing Partner’ for insurers is backed by its commitment to building in-house competency in the insurance domain. The company’s investment in developing accelerators such as EzApp, EzBot, and EzAPIs, along with its ‘Make IT EZ’ framework, will simplify the implementation and testing processes, enabling insurers to achieve a faster ROI.
Futran Solutions’ partnership with Duck Creek Technologies is driven by their shared goal of enabling insurers to harness the power of digital transformation to improve efficiency and drive growth. With Futran’s expertise in business analysis, front-ends, integration, and data solutions, coupled with Duck Creek’s cutting-edge technology, the partnership is poised to deliver innovative InsureTech solutions that streamline operations and enhance customer experience. Moreover, Futran’s vision of being the ‘Best Insourcing Partner’ for insurers is backed by its commitment to building in-house competency in the insurance domain. The company’s investment in developing accelerators such as EzApp, EzBot, and EzAPIs, along with its ‘Make IT EZ’ framework, will simplify the implementation and testing processes, enabling insurers to achieve a faster ROI.
Case Study:
Data-lake Implementation for better data correlation and managed services with robust control policies, real-time security auditing and compliance
Benefits:
1. Simplified data analysis to draw actionable insights
2. Zero downtime & scalable solutions to handle unpredictable traffic volumes
3. Automated data exception checks and correction mechanism
4. Secure - Data isolation by the client, Secure file transfer
Case Study:
Automation of end-to-end claims processing and bots were deployed to conduct all policy audits & perform endorsements for a property and casualty insurance company.
Benefits:
1. Decrease in processing time
2. Reduction in audits
3. Cost savings upto 35%
4. More accuracy
Case Study:
Data-lake Implementation for better data correlation and managed services with robust control policies, real-time security auditing and compliance
Benefits:
1. Simplified data analysis to draw actionable insights
2. Zero downtime & scalable solutions to handle unpredictable traffic volumes
3. Automated data exception checks and correction mechanism
4. Secure - Data isolation by the client, Secure file transfer
Case Study:
Automation of end-to-end claims processing and bots were deployed to conduct all policy audits & perform endorsements for a property and casualty insurance company.
Benefits:
1. Decrease in processing time
2. Reduction in audits
3. Cost savings upto 35%
4. More accuracy
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