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Code objects overview sep 2012
- 1. Policy . Billing. Claims Introduction to CodeObjects September 2012 CodeObjects, Inc. | www.codeobjects.com
- 2. Agenda Introduction AboutCodeObjects On premise offering Cloud Offering Demo © CodeObjects, Inc. Do not distribute without permission 2
- 3. About CodeObjects CodeObjects was founded in 2006 Offers Policy, Billing, Claims and Rating solutions for both On Premise and SaaS Support the following Lines of Business: Auto, Homeowners, Motorcycle and Boat. Expanding to Commercial lines in the future CodeObjects applications are architected using a Service Oriented, Event Driven and Metadata based methodology, including pre-built enterprise insurance components, and come out-of-the-box with extensive functionality Customers Live: First American Home Buyers, ACG, Balboa Insurance(QBE/Bank of America). Ongoing Implementations: 2 on premise, 1 Cloud in SaaS Model © CodeObjects, Inc. Do not distribute without permission 3
- 4. Cloud Vision “Toprovide a comprehensive, turnkey Policy Processing and Claims solution that can go live in less than 90 days with measurable underwriting and indemnity benefits” © CodeObjects, Inc. Do not distribute without permission 4
- 5. CodeObjects now offersa complete insurance suite to P&C insurance carriers for Personal lines. Policy Enterprise Rating Enterprise Billing Enterprise Claims Enterprise © CodeObjects, Inc. Do not distribute without permission 5
- 6. CodeObjects’ enterprise solutionsadapt to an organization’s requirements while providing greater business agility and driving customer-centric focus CodeObjects’ On Premise Differentiators • Service Oriented Architecture – With an SOA- based approach CodeObjects is dedicated to helping P&C insurance companies increase Service Oriented profitability and drive greater business agility by Architecture (SOA) providing the most innovative, open, and flexible technology solutions. • Multi-Channel Integration – With a pre-built multi-channel solution CodeObjects offers an integrated and shared channel architecture for maximizing customer experience. Standards Based & • Standards Based & Multi-Platform – CodeObjects’ solutions provide adaptability with Multi-Platform Multi-Channel being based on open standards like J2EE and .NET Integration and deployable on multiple platforms including mainframes (z/OS) • Lower Total Cost of Ownership - With CodeObjects SOA platform and technology customers total cost of ownership for maintenance is significantly lower than other vendors. © CodeObjects, Inc. Do not distribute without permission 6
- 7. CodeObjects Cloud offering End to end insurance Targeted towards Business processing system for Policy, folks in Carriers doing < Billing, Claims, Rating and $150M in GWP all ancillary services. Completely Configurable – Go live in 90 days no coding required Built in Operational Data Warehouse and Business Predictive Analytics Intelligence © CodeObjects, Inc. Do not distribute without permission 7
- 8. Cloud Offering Independent Insurance Carrier Vendors | Agents | Employees | Consumers Database PolicyEnterprise BillingEnterprise ClaimEnterprise Hardware Virtualization Rating Product Development App. Server CRM Security Reports Documents Workflow Data Admin Hardware Party Distribution Business DW Virtualization Management Management Billing Admin Batch Admin Commission Intelligence Hardware Virtualization Integration Application Insurance Accounting Address ACORD Document o Agent Portal o G.L. Integration o Address Cleanse o Agency Download / o Doc. Generation o Consumer Portal o Commission o Census Block Upload o Doc. Storage o Prefill o P.P.C. o Comparative Rater o Doc. Fulfillment o Predictive Analytics Security o Geocoding o Scanning Integration o Insurance Score o Authentication o Census Data Payment o C.L.U.E. o Authorization o Credit Card o DMV / MVR Claim o ACH o Replacement Cost o Claim Import/ o Lockbox o Policy Inquiry Export © CodeObjects, Inc. Do not distribute without permission 8
Editor's Notes
- #7 Increased ProfitabilityEnd-to-end graphical interface complete with integrated business rules and 3rd party report orderingBuilt-in approvals and controlsPre-built business metricsBENEFITSImproved productivity of underwriting and processing staffSuperior risk selection capabilityIncreased financial visibilityConsistent business processesTrue “insure to value”Improved Business AgilityEase of customizationReduced system complexityOpen & standards-basedBENEFITSSpeed to marketMaintainability of products and rules by business staffSeamless migration to future technologyEnhanced Customer Satisfaction & Producer LoyaltyEasy-to-use UI High-performance call center interfaceStraight-through policy processingSelf-service customer inquiryBENEFITSConsistent user experience Consistent customer experienceShortened cycle timesIncreased customer retentionHappy and more productive employeesImproved Regulatory ComplianceTask-based UI complete with smart screensEasily configurable to changing business requirementsSecurity driven roles and privilegesBENEFITSData quality and completenessFlexibility to react to regulatory changesReduced fraudWith CodeObjects’ end-to-end solution, insurers can easily adapt to new business processes, decrease claims costs, bring new products to market faster, and adapt to changing state and federal regulations.CodeObjects will modernize the insurance industry by enabling insurers to manage the entire policy lifecycle for greater agility, efficiency and profitability.