PwC Consulting™, a business of PricewaterhouseCoopers, has introduced the Integrated Financial Services Solution for Insurance (iFS Solution), the first component-based solution designed for the industry.
The iFS Solution deals with critical business and technology issues facing manufacturers and distributors of insurance products and services, such as web-enabling distribution channels, improving customer service and product speed to market, enhancing claims processing and improving access to information by both agents and consumers. The iFS Solution for insurance addresses a number of areas within the insurance value chain, including developing and launching new products, acquiring and retaining customers, administering agent relationships, improving underwriting effectiveness, managing and servicing claims, managing human capital, and providing financial control and reporting.
To deliver the Integrated Financial Services Solution for Insurance clients PwC Consulting is working with a select group of companies with experience providing technology and business process solutions in the insurance sector. These organizations provide components of the iFS solution ranging from web portal, personalization, product configuration, policy administration, forms management, workflow management, rules-based underwriting, rating, producer management, application integration, core technology, and other key elements of insurance operations.
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