Solutions for insurersDespite its long-standing traditions, it is only in the last few years that the Ukrainian insurance industry has been showing its best dynamics to date. Rapid growth fueled by widespread consumer lending, the need to work with mass consumers, and mounting competition (experts forecast it will peak in the coming years) require insurers to be dynamic, which is only possible through the use of modern technological solutions. The business of modern Ukrainian insurance companies involves operating numerous divisions spread out over large territories, networking, and requires quick changes to the key business processes to achieve the desired market flexibility. De Novo has the expertise to deliver competitive advantages to insurers, including the ability to quickly market new services and products, expand business, achieve scalability and adaptability to new conditions.
Quick marketing of new insurance products and services. In marketing a new group of products or services, major insurers often face a number of challenges, including the need to make quick changes to fine-tuned business processes and accurately estimate the cost of new products or services. Things can be further complicated for insurers with business units scattered over vast territories. Increasing work productivity and the speed of marketing new products and decision making can be achieved through the use of modern networking systems combined with infrastructure elements for information sharing, such as corporate portals.
Active growth and faster implementation of decisions can also be achieved through introducing an adaptive infrastructure that makes active use of virtualization principles. For instance, the workstation virtualization technology enables companies to expand to new regions without the need to create a sophisticated IT infrastructure at each new office. De Novo expertise in data storage and processing centralization allows maintaining the flexibility, manageability and dynamism of a company even at a very high growth rate.
Assessing the cost of products and services. Besides providing a technical evaluation of the quality of solutions, modern IT infrastructure management tools make it possible to assess the cost of IT services in money terms, create own quality criteria for the operation of information systems. Through using such tools, IT departments can communicate with the management in common terms, while ensuring solutions meet business needs as closely as possible. Furthermore, an accurate assessment of the product cost will enable the company to evolve successfully even if analysts' forecasts prove true and competition in the insurance market peaks.
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