Insurance Services
Transform Your Insurance Services
The pressure is on. Insurers need to transform their processes and operations to meet demands from shareholders and stakeholders. They also must improve profitability while meeting parallel demands from regulators to reduce risk and from customers to provide products that better meet their needs and improve customer service. At the same time, insurers in life, pensions and nonlife markets are rationalizing their product portfolios and reviewing their distribution strategies.
For industry insight and leading-edge technology solutions to these challenges, insurance companies are turning to HP. With more than 35 years in the insurance services business, our teams have the critical skill sets to address the needs of your organization – skills such as relationship management, delivery expertise, sales knowledge, and business and industry understanding.
We provide the expertise that enables insurers around the world to transform their businesses and embrace new opportunities.
Migrate and Consolidate Existing Products
As you transform your insurance services, you'll want a plan that seamlessly converges your current operations with your future vision. HP is uniquely positioned to ease that transition through our insurance products. HP is a global leader in software solutions and services for the life insurance and wealth management industries.
HP's solutions include policy administration systems INGENIUM®, RADIENCE®, and the ProductXpress™ product rules and calculation engine. All are designed to help customers reduce total cost of administration, accelerate the introduction of new products to market and streamline infrastructure through the migration and consolidation of existing products.
Integrate Processes Across a Seamless Enterprise
Incorporating technology with business processes is crucial to success. HP Insurance Services can leverage insurance administrative services across multiple geographies and resources, as well as offer a full range of services which integrate front- and back-office functions.
We bring an unparalleled combination of deep market experience, transitional and transformational process capabilities, responsive adjustments to regulatory and functional requirements and industry-leading software, all custom-blended to your unique needs.
Offerings Within Insurance Services
- Flood Insurance Services
- HP's comprehensive solution includes policy and claims administration, remittance processing, and statistical and financial reporting, all of which fully meet FEMA flood program regulations.
- Healthcare Payer Administrative Services
- Healthcare Payer Administrative Services addresses front-end claims processing and management, claims adjudication, enrollment membership, billing services and more. Find your claims processing solutions.
- Insurance Notification Clearinghouse Services
- Using electronic data interchange (EDI), our electronic notification system can reduce expenses, improve accuracy and increase the timeliness of notification distribution. Learn how Insurance Notification Clearinghouse Services can improve your business.
- Life and Annuity Services
- With our Life and Annuity Insurance Outsourcing Services, we offer flexible, scalable and useful insurance solutions that lower operations costs, improve distribution channel relationships and more. Learn how HP's insurance outsourcing can work.
For more information about what HP Enterprise Services can do for you, submit a business inquiry.