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Insurance processing system

Simplifying complex carrier challenges with
Insurance Fusion360™

As carriers struggle to grow their book of business in a tight and competitive market, those with insurance processing systems that can scale and adjust as market conditions change will emerge as leaders. Today’s carriers are facing a myriad of system challenges that impact performance and profitability, including the following:

  • Rigid policy administration systems that require hard coding to make changes or implement new products
  • Long development cycles that cause delays in addressing regulatory and compliance changes
  • Inflexible billing capabilities that do not meet customer needs
  • Long claims processing cycles resulting in higher payouts and decreased customer satisfaction
  • Low visibility into overall business management and growth

Insurance Fusion360 is designed to simplify and overcome these challenges by providing a suite of industry-leading insurance processing solutions that handle core insurance functions, including policy administration, claims administration, billing and rating. These solutions are fully integrated and scalable to facilitate fast implementation and to address your evolving needs.

Insurance Fusion360 mitigates the risks and complexities of insurance system modernization so that you can achieve the following:

  • Streamlined operations
  • Faster time to market
  • Reduced costs
  • Increased competitive edge

Insurance Fusion360 components

Policy administration: Adaptik’s PolicyWriter is a policy administration solution that redefines the word “configurable.” It features rich business logic that provides business users with greater control than any other comparable solution in the market.

Claims administration: Supporting more than 40 large carriers worldwide, FINEOS Claims handles any claim type and simplifies the most complex claims administration challenges.

Billing: MajescoMastek's STG Billing is widely regarded as the most functional insurance billing solution in the market. It also has the largest customer base and is able to support even the most complicated billing plans.

Rating: CGI’s Ratabase is the leading rating solution in the market. Supporting more than 100 carriers worldwide, Ratabase is regarded as one of the best externalized insurance rating engines used by P&C carriers today.

As a leader in systems integration, CGI’s brings strict rigor and oversight to any engagement regardless of the complexity, size or technology used. Our breadth and depth of domain knowledge combined with our technology expertise makes us uniquely positioned to quickly and successfully implement any component of Insurance Fusion360.

For more information on how Insurance Fusion360 can improve your business performance and results, contact a CGI representative at insurance@cgi.com.

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