Today Property and Casualty (P & C) insurance industry faces numerous challenges in order to pursue their business growth and maintain profitability. Their path to profitability is increasingly being challenged by rising costs of operations, regulatory pressures, improper business-IT alignment, outdated technology infrastructure and inflexible enterprise architectures. Besides, insurance companies often have manual and repetitive entry processes, longer policy handling cycles, inefficient application processing and high printing costs which all result in a lot of pressure on business.
Based on its strong experience of working with a lot of P&C Insurance companies, Damco is conversant with most of the challenges facing the Property and Casualty (P & C) insurance industry today. We take pride in our rigorous technology capabilities as well as domain expertise on P&C Insurance. Leveraging our extensive experience of working with various insurance companies, Damco has developed InsureEdge - a solution framework for property and casualty insurance providers which:
Damco framework for property and casualty insurance providers is backed by our flexible implementation approach and robust production support methodology. The stringent focus that we place on quality and CMMi compliance is deeply embedded in this solution framework. InsureEdge is an extremely efficient and robust implementation of our solution framework for P&C Insurance Industry.
It is highly scalable, stable and reliable and has a wide coverage of functionalities. The various Modules in InsureEdge include: