Insurance Industry Framework - Pega Industry... · Insurance Industry Framework Pegasystems...
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Insurance Industry Framework Pegasystems Provides a Foundation of Insurance-Specific Best Practices to Help Insurers Quickly Realize ROI and Maximize Reuse of Assets across the Enterprise Pegasystems SmartBPM ® Suite has been chosen by ten of the top twenty U.S. insurance carriers to perform a wide range of applications, including new business, claims, customer service, and marketing. Pegasystems’ Insurance Industry Framework provides a foundation of insurance-specific best practices for building SmartBPM solutions. The framework provides insurers with an insurance object model, workflow templates, and services to help insurers quickly realize return on their investment. Moreover, the framework is designed to help insurers maximize the re-use of assets across their enterprise by providing them with a scalable industry- standard class and object model, as well as services for managing product specifications. The result is an insurance policy for your insurance infrastructure that all but guarantees your success. Key Benefits Speed to Benefit: enables faster time to market with built-out workflow templates, object model, and services to ensure the speedy development of scalable BPM solutions. Improved Productivity: maximizes reusability of assets across the insurance enterprise with best-practice class structures and product configuration services, enabling customers to “change once, change everywhere.” Enterprise Success: provides a standards-based insurance object model to make sure what you develop is easily leveraged across the enterprise. Workflow Templates The Insurance Industry Framework provides high-level work templates that serve as best-practice implementations of Pegasystems SmartBPM ® Suite, leveraging the strengths of the underlying platform to best advantage and maximum reusability. These workflow templates serve as starting points to build out SmartBPM ® applications and services to manage your specific business needs. INSURANCE Pegasystems’ template workflows coupled with an insurance object model based on IAA standards enable fast time to market with a wide range of processes, from new business to claims across multiple lines of business.
Transcript of Insurance Industry Framework - Pega Industry... · Insurance Industry Framework Pegasystems...
Insurance Industry FrameworkPegasystems Provides a Foundation of Insurance-Specific Best Practices to Help Insurers Quickly Realize ROI and Maximize Reuse of Assets across the Enterprise
Pegasystems SmartBPM® Suite has
been chosen by ten of the top twenty U.S.
insurance carriers to perform a wide
range of applications, including new
business, claims, customer service, and
marketing.
Pegasystems’ Insurance Industry
Framework provides a foundation of
insurance-specific best practices for
building SmartBPM solutions. The
framework provides insurers with
an insurance object model, workflow
templates, and services to help insurers
quickly realize return on their investment.
Moreover, the framework is designed
to help insurers maximize the re-use
of assets across their enterprise by
providing them with a scalable industry-
standard class and object model, as
well as services for managing product
specifications. The result is an insurance
policy for your insurance infrastructure
that all but guarantees your success.
Key Benefits
Speed to Benefit: enables faster time to market with built-out workflow templates, object model, and services to ensure the speedy development of scalable BPM solutions.
Improved Productivity: maximizes reusability of assets across the insurance enterprise with best-practice class structures and product configuration services, enabling customers to “change once, change everywhere.”
Enterprise Success: provides a standards-based insurance object model to make sure what you develop is easily leveraged across the enterprise.
Workflow TemplatesThe Insurance Industry Framework provides high-level work templates that serve as best-practice implementations of Pegasystems SmartBPM® Suite, leveraging the strengths of the underlying platform to best advantage and maximum reusability. These workflow templates serve as starting points to build out SmartBPM® applications and services to manage your specific business needs.
INSURANCE
Pegasystems’ template workflows coupled with an insurance object model based on IAA standards enable fast time to market with a wide range of processes, from new business to claims across multiple lines of business.
For more information, please contact your Pegasystems representative, visit us on the Web at www.pega.com, or email us at [email protected]. © Copyright 2011 Pegasystems. All rights reserved.
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Features f New business workflow for personal and commercial auto, commercial business owner’s policy, and term life, including sub-flows that can be extended to operate as independent services to validate applicant, generate quote, process application, or issue policy f Change of policy in force workflow for personal and commercial auto, commercial business owner’s policy, and term life f Claims workflow from first notice of loss through settlement for property claims
Insurance Object ModelThe Insurance Industry Framework leverages andextends the Business Object Model from the IBMInsurance Application Architecture to provide acomprehensive baseline object model, enabling fastdevelopment of BPM applications with appropriatebusiness objects.
Features f Class structure for insurance products, including objects of insurance, enterprises and individuals, parties and roles, products and packages, coverages, terms and conditions, agreements, loss events, claims, investments, and financial obligations f Includes property definitions and presentation components
f Independent rule sets for IAA, Pegasystems extensions, and customer extensions, enabling customers to persist their own extensions while accepting periodic updates to the core IAA object model and Pegasystems extensions
Messaging ServicesThe Insurance Industry Framework provides a workingmodel for deploying services that consume and respondto ACORD XML messages. Pegasystems provides toolsfor mapping ACORD XML forms to the IAA BusinessObject Model, as expressed in the PegasystemsInsurance Industry Framework, to take advantage of theworkflow templates provided in the framework andextended by customers. The framework includes asample service for ACORD XML auto quick quote toserve as a template for parsing other forms. The serviceboth consumes ACORD XML messages and returnsa quote in the form of an ACORD XML message.
Insurance Industry Framework
