Life Insurance services and solutions in the digital age pose unique challenges to carriers servicing life and annuities domain. By some estimates, nearly 70% of insurers corporate business systems are legacy applications, some of which date back to the 1960’s. More often than not, these systems are siloed, and are built on disparate technology platforms. SJM’s Digital Life Insurance Services and Solutions help transform a carrier from high-touch, difficult to comprehend offerings, to a no-touch, end-to-end digital service benefit. Partner with SJM Digital Insurance Services and increase market awareness and profitability while streamlining the entire customer acquisition process.
Life and Annuities Insurance Products, Services and Solutions
At SJM Digital Life Insurance Services, we understand the value of bringing ready-built solutions to your core transformation initiatives. Challenges inherent to bringing a mobile and digital solution to the marketplace start with how to organize this data? Specifically, how can carriers bring the data to life, making it fit-for-purpose not only for their customers, but to themselves.
With over 15 years of experience in working with Life and Annuities insurance carriers, SJM has developed a number of unique assets that enable insurers with “rate-of-change accelerators”. SJM entered into an alliance partnership with Oracle to get the best of accelerators and key assets supporting the rules driven Oracle Insurance Policy Administration (OIPA). OIPA’s Life and Annuities core platform includes pre-built toolkits to increase speed of implementation, mitigate execution risks and lower costs.