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Using BPM to Overcome Insurance Industry Hurdles

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Published on May 28, 2013

Learn more about BPM for Insurance and it drives growth and operational effectiveness for insurers: http://www2.appian.com/l/10342/2014-0...

Insurance companies often deal with siloed legacy underwriting and claims platforms, making it difficult to share data efficiently. However, through the introduction of Appian's business process management software, the status quo can transform into a unified insurance platform ready for the industry's challenges.

To start, modern BPM can provide the framework for more effective collaboration between underwriters and insurance agents. Appian's BPM platform can transform ad hoc conversations between different parties into more effective social business collaborations. In the end, those collaborations speed processes and save time and money. Appian BPM can also give underwriters greater visibility into the information they need to make the best decisions, instead of being forced to make approval decisions without a complete picture of the situation.

When dealing with an insurance marketplace where new products or concepts are introduced regularly, a rigid system can become obsolete in the span of a few months. Appian's BPM platform allows companies to introduce the flexibility and collaboration capabilities of the most modern technology without requiring a full "rip and replace" of existing legacy systems. That promotes increased productivity throughout the company while continuing the mission of constant self-improvement.

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