HP Covers Insurance Providers with Enhanced Policy Administration Systems
PALO ALTO, Calif. - HP today announced enhancements to its life, health and annuity policy administration systems, enabling insurance providers to improve agility, mitigate risk and accelerate delivery of new products.
The insurance industry continues to evolve and expand as a result of dynamic customer and regulatory demands. Rigid legacy infrastructures can hamper an enterprise's ability to keep pace with these demands, and to deliver always-on service to customers, partners and employees.
HP has enhanced the RADIENCE Administration and INGENIUM systems to support the critical role agility plays in today's Instant-On Enterprise. In an age of "instant" expectations, businesses and governments need to have the ability to respond quickly and effectively to changing business and citizen needs.
"Insurance providers are seeking competitive advantage both in mature markets and in new, developing markets," said Mark Boelens, general manager, Insurance Services, HP Enterprise Services. "HP offers the hardware, software and services needed to create that competitive advantage by fostering innovation and accelerating responsiveness in this 24/7 world."
HP RADIENCE Administration
The enhanced functionality and design capabilities of the HP RADIENCE Administration system enable insurers to introduce truly unique products to the market while reducing implementation time frames, costs and overall project risks. Client benefits of the new HP RADIENCE Administration solution include:
- Rapid response to market and regulatory changes by eliminating costly, time-intensive reprogramming with a model-driven application that simplifies the process for changing and updating system content, appearance and behavior.
- A significant reduction in implementation costs, enabling clients to mix and match features from multiple product lines.(1)
- Accelerated implementation based on a service-oriented architecture and a highly flexible, user-friendly interface that maximizes end-user productivity to speed time to market.
HP INGENIUM
HP INGENIUM is a high-performance, web-enabled global life, health and annuity policy administration system that enables insurance companies to reduce the risk of systems implementation.
Built on a highly flexible architecture, the enhanced HP INGENIUM enables clients to:
- Mitigate the inherent risks of administration system implementations with support for a wide variety of policies, procedures, distribution channels, product mixes, organizational structures and target markets.
- Provide 24/7 capabilities with web-based, always-on accessibility to distribution and customer service channels, even during daily batch processing.
Availability
HP RADIENCE and INGENIUM are available worldwide. More information about HP insurance services is available at www.hp.com/go/insuranceservices.
About HP
HP creates new possibilities for technology to have a meaningful impact on people, businesses, governments and society. The world's largest technology company, HP brings together a portfolio that spans printing, personal computing, software, services and IT infrastructure at the convergence of the cloud and connectivity, creating seamless, secure, context-aware experiences for a connected world. More information about HP (NYSE: HPQ) is available at www.hp.com.
(1) Based on documented client results that are subject to unique business conditions, client IT environment, HP products deployed and other factors. These results may not be typical; results may vary.
Editorial Contacts
Annabelle Baxter, HP
+1 972 605 9293
annabelle.baxter@hp.com
HP Media Hotline
+1 866 266 7272
www.hp.com/go/newsroom
