JMR UK Consultancy Ltd

Archive for September, 2011

IDIT Technologies – A Deloitte Technology Fast 50 winner for 2011

Tuesday, September 27th, 2011

We are proud to announce that IDIT I.D.I. Technologies Ltd., was named on the 2011 Deloitte Technology Fast 50, a ranking of the 50 fastest growing technology companies in Israel.

Fastest growing tech companies

To determine the fastest growing companies, Deloitte reviewed fiscal year revenues over five years (2006-2010), calculated the revenue growth percentage over five years, and compared the growth of technology companies. Making this list is quite an accomplishment for IDIT.

Yoel Amir, CEO of IDIT Technologies commented, “It is gratifying that Deloitte strongly affirms, for the fifth consecutive year in a row, our leading position in the insurance technology sector. Our continuous investments in IDIT™ Software Suite and deep insurance domain expertise backed by our track record of successful implementations, increase the business value we deliver to our customers.”

Sustained Revenue Growth

“Achieving sustained revenue growth over five years is a tremendous accomplishment for a technology company operating in a competitive world”, said Tal Chen, director in charge of the Deloitte Brightman Almagor Zohar Israel Technology Fast 50 Program. “IDIT Technologies deserves a lot of credit for its remarkable growth,and we commend them for it.”

About IDIT

IDIT I.D.I. Technologies Ltd. (www.idit-technologies.com) is a global provider of enterprise software solutions for the insurance & financial markets. Our solutions are based on IDIT™ Software Suite – an enterprise software product which integrates the business capabilities essential for any insurance provider.

Founded in 1998, IDIT I.D.I. Technologies employs over 165 insurance and IT experts across Europe, APAC and Israel. Its clients include Euler Hermes, Eureko Group, Interamerican, Oranta, MMA, Anadolu Sigorta, Whittington Direct Asia, PolisDirect, IAK, Vanbreda, RAC Insurance, Groupama and Direct Insurance Financial Services among others. IDIT insurance software company also has a number of strategic partnerships with leading systems integrators and consulting firms such as IBM, HP, PwC, JMR Consulting UK Ltd, BSB, Ibexi and others.

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General Insurance Solutions from JMR Consulting UK Ltd

Sunday, September 18th, 2011

General Insurance Solutions for the Future

Previously, we discussed some of the main system functionalities of our flagship general insurance solution for the UK market.  In this post we go into a little more detail and describe some of the advanced technology and compelling systems functionality in our general insurance product set that will help place your insurance business well for the now and into the future.

Our General Insurance Systems – Advanced technology combined with innovative functionality

The comprehensive and component-based Service Oriented Architecture (SOA) provides full end-to-end front and back office functionality that will benefit your whole organisation.

  • The powerful and flexible Product Manager wizard that is integrated in IDIT™ enables the insurer to create, rollout and introduce innovative insurance products rapidly
  • IDIT™ supports integration with existing legacy applications and is scalable to very large sizes, volumes and frequencies
  • IDIT™ insurance system provides distributed access to all organization members, agents, collaborators and customers, while facilitating ownership and control of data, operations and processes
  • The system provides a single point of entry across channels, a full range of personal, commercial and customized Lines of Business, innovative standard and multi-line packaged offerings, automated, effective and efficient processes, backed by a customer-centric approach
  • Due to its component-based architecture, IDIT™ can be rolled out in a modular, component-based format, suitable for vertical integration

Operational Advantages for a General Insurance Business

In addition to an innovative design and a high level of technical excellence our product also allows an insurance business to fully automate back office and operational processes.

  • Customer-centric approach
  • Phased implementation of modules or Lines of Business
  • Proven rapid integration with legacy applications
  • Fast time to market via diversified channels
  • Single point of entry across channels
  • Collaborator partnerships with affinities, co-insurers, brokers, agents and service providers
  • Wide range of private, commercial and specialty lines of business
  • Innovative mono-line and multi-line packaged offerings
  • Automated, effective and efficient processes
  • Advanced CRM and relationship oriented

Can JMR Consulting UK Ltd help your insurance business?

If you think we can help you implement a full insurance cycle solution that will benefit your insurance businesses, then contact us for a chat and discuss what we can do to help. For more information about how JMR Consulting UK Ltd can help you design and implement a General Insurance Solution to fit your insurance business needs, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.

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General Insurance Solutions from JMR Consulting UK Ltd

Sunday, September 11th, 2011

General Insurance Solutions – Our Flagship Product

We have recently blogged about the technology and component jmr consulting uk servicesarchitecture behind our insurance solution and how it can benefit your insurance business. Here, we outline how your general insurance business can take advantage of some of the key features of our general insurance solution.

Through our partner IDIT I.D.I. Technologies (IDIT) we provide enterprise software solutions for the UK insurance and financial markets. We offer a single end-to-end SOA (service-oriented architectures) based integrated insurance solution that manages all insurance products globally. Our insurance technology solutions are based on the IDIT Software Suite, an enterprise insurance software product which integrates the business capabilities essential for any insurance provider.

Our solutions include traditional insurance software, direct insurance software, bancassurance software and insurance broker software.  The IDIT insurance solution supports all P&C personal and commercial lines of business, including homeowners, fleets insurance, health insurance, medical insurance and term-life insurance products. The IDIT solution integrates all front office and back office processes, including insurance product design, policy administration, underwriting, call centre, remote users and partners, backed by fully secured internet-based capabilities.

Modular insurance software components

The IDIT insurance system is comprised of modular software components such as: product factory, customer relationship management (CRM), policy administration, billing and collection, insurance accounting, claims workbench, workflow management, business intelligence (BI/EIS), document management and business integration (IBIS).

How to Achieve Insurance Automation

The product factory and product management modules and wizards facilitate the definition of new products, and help define covers, eligibility rules, options and conditions available, premium rates, and terms of trade (ToTs).They enable the implementation of differential underwriting, personalized rates/tariffs and other underwriting acceptance criteria. The product factory controls the process flows and processing behavior of all application domains related to the insurance product such as policy administration, lines of business (LOBs), insurance billing and collection, commission management, and claims processing and settlement.

An innovative CRM solution for the insurance industry

The CRM software solution enables the insurance business to focus on and respond to the evolving needs of its customers and to ensure efficiency and precision in all customer-related aspects, such as: affinity and club members; full, detailed history of customer contacts, events, policies and claims; customer and prospect management; customer-centric profiling and orientation; customer status and portfolio; and multinational call centre.

Achieve Full sales cycle adminstration

The policy administration module manages the full sales life cycle of an insurance contract, from the initial quote, through rating and policy issuance, as well as a full range of amendment capabilities to the insurance policy, including: proposals and policies, policy contract administration and endorsements.

JMR Consulting UK Ltd and IDIT are strong partners for your insurance business

As you can see we have a full insurance cycle solution that will benefit most insurance businesses. For more information about how JMR Consulting UK Ltd can help you design and implement a General Insurance Solution to fit your insurance business needs, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.

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General Insurance Systems

Monday, September 5th, 2011

General Insurance Systems from JMR Consulting UK Ltd

In our last blog post we discussed the general theme of Insurance Systems and why and how a component based architecture and a service oriented architecture (SOA) can benefit your insurance business.  Today we will discuss how JMR Consulting UK Ltd can help your insurance organisation implement a best in class insurance policy administration and claims system using some of the latest information technology architectures which have been developed by our general insurance system partners IDIT IDI Technologies which is now part of the Sapiens group of companies.

Our insurance solution IDIT™ insurance software provides a proven, flexible solution for the general insurance (P&C) market – both personal & commercial insurance. IDIT™ software integrates the decision-making process with all front and backoffice processes. Our software combines an effective e-Business model with ongoing customer service, backed by call center integration, email response and cutting-edge technology.

The IDIT business solution for traditional insurance

An insurance business using IDIT™ is well-positioned to lead  the industry, while benefiting from the ability to control operations, reduce expenses and improve client service and retention ratios. At the same time our software allows an insurance business to roll out innovative insurance products rapidly, address time to market needs and stay ahead of the competition.

We offer multi-line insurance products via diverse distribution channels. IDIT™ supports both central and distributed operations via remote access, thus providing flexible possibilities for hosting and outsourcing an organisation’s data center.

Our General Insurance System Functional Highlights

We have highlighted below some of the main system features of our general insurance solution which will benefit general insurance businesses:

  • Full policy administration life cycle: quotes, binding, rate & issue, endorsements, cancellation and renewals
  • Claims management, from the first report including detailed point-in-time coverage verification
  • Claim settlement through fast track and full-scale settlements with salvage and subrogation capabilities
  • Insurance Billing, collection and disbursement system includes flexible, dynamic payment schedule
  • Broker and agency billing and commission plans
  • An advanced integrated workflow system manages all follow up activities as well as all marketing and cross sell initiatives

How JMR Consulting UK Ltd can help your Insurance Business

As you can see we have a full insurance cycle solution that will benefit most insurance businesses. For more information about how JMR Consulting UK Ltd can help you design and implement a General Insurance Solution to fit your insurance business needs, please get in touch by using the contact form, sending an email to info@jmruk.com or calling us on 0845 052 0900.

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