Insurance

For more than 20 years, TIMETOACT GROUP has been an implementation partner for the networked and adaptive insurance company.
Intelligent Document Processing: Envision the possible…
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The purpose of insurance companies is to give people a promise – the promise of security. The key to success is not only mastering new technologies and new forms of collaboration but more importantly a change in corporate culture: automation and collaboration with learning systems is driving change throughout the professional world. In the digital age, success requires networking and flexibility: Access to data and connection to data sources, fast provision of content and efficient control of procedures and processes beyond company boundaries.

Smart insurance workflows are the industry's target, and Intelligent Document Processing is an important component. You know your challenges and are looking for possible solutions? Arrange a Discovery Workshop with us!

Successful insurance companies rely on the cooperation with business partners and service providers in the ecosystem.

Dr. Matthias QuaisserBusiness Development Lead - InsuranceTIMETOACT

Digital ecosystems in the context of insurances

Dr. Matthias Quaisser  Business Development Lead Insurance of the TIMETOACT GROUP  highlights the advantages of a digital ecosystem and explains why it is essential in the digital age.

 

What is your status quo?

10 success factors of the digital ecosystem for insurers:

These issues are relevant to insurers:

Smart Insurance Workflows

These are modern workflows that focus on the customer experience – including hybrid contact (digital and human). Digitization, learning business processes, a high degree of automation and decision support in claims and benefits management promote speed and quality. Intelligent Document Processing uses the latest technologies to automatically find case-relevant information from the number of documents and to control further processing in context. Together with you, we realize automation potentials in specialist processes and support you in the selection and introduction of tools.

Webcasts on Smart Insurance Workflows:

Artificial intelligence in auditing
Robotic Process Automation (RPA)
Discover recourse potentials in scanned claim files using AI
Smart recognition of cost notes
The cognitive insurance company

Data Insights

Insurers have a rapidly growing stock of specialist data. However, nowadays 80% of this data is unused and slumbers e.g. in image archives that cannot be evaluated. With Data Insights, we help you step by step to use new technologies and develop a data-driven corporate culture with the appropriate architecture: from new data sources to exploratory analysis to gain new insights and predictive models. For example, mathematical optimization of sales assignments, modeling of cancellation probabilities and product closure behavior, high-performance and cost-effective models for asset-liability management.

Webcasts on Data Insights:

Insurance and Data Science – the right information architecture is crucial!

Fit for the digital ecosystem

Insurers want to reduce their vertical integration and at the same time to offer new services in the areas of mobility, housing, health, travel,... For both, they depend on efficient collaboration with their customers and service providers via digital channels. The new ways of working are made possible by collaboration tools and service offers/references via powerful interfaces ("API-Economy"). The ever faster pace of innovation requires a flexible, scalable enterprise architecture. For insurers, the Cloud  as a Hybrid and Multicloud  is not a question of "whether" but of "how". Our experts help with Digital Workplace and New Work, API strategy and management, and your path to the Cloud.

Webcasts on the digital ecosystem:

Cloud Transformation
Journey to Cloud

Open and secure IT

The modernization of their application landscape is right at the top of the agenda for insurance companies. This applies both to insurance-specific applications and to the supporting systems. More and more insurers are focusing on the selection and introduction of standard software. Cloud architectures and new paradigms such as microservices, DevOps, containerization allow for greater speed of change and flexibility. At the same time, IT governance, compliance and security must be ensured company-wide. Whether architecture consulting, introduction of standard software, migration or individual development: Our architects and software engineers support you in your challenges in front-end and back-end development projects as well as in system integration.

Webcasts on open and secure IT:

Implement VA-IT requirements

We recommend a half-day Discovery Workshop as an introduction, which we currently also conduct online. The essential elements of this proven method are:

  • Briefing: TIMETOACT Point-of-View with innovation examples and use cases from the insurance industry
  • Ideation: Joint exploration of use cases with regard to your company's priorities and ambitions and evaluation of cost-benefit aspects.
  • Selection & Scoping: Selection of the most relevant use case and consideration of solution options (tool- or vendor-independent) for a fast implementation to a minimal viable product

We will gladly adapt the agenda according to your needs.

You benefit from our industry experience, technology expertise and methodological know-how. Discover with us the economically sensible next steps for the digital transformation of your company!

Arrange a workshop appointment now!

Our services for you:

Consulting and process optimization

License procurement and license optimization

SW selection and introduction

Solution development and hosting


Our Success Stories:

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Contact

Dr. Matthias Quaisser
Business Development Lead - InsuranceTIMETOACT GROUPcontactpersonhelper.linkProfile.title