We view independent agents, captive agents, managing general agencies, brokers, and managing general underwriters as core constituents in the insurance value chain. We offer management consulting, AMS implementation services, and a wide range of digital capabilities to streamline processes, increase your connection to customers, and automate redundant work, thus enabling staff to spend time focusing on clients -not administrative work.
- Digital strategy
- Portfolio rationalization
- Agile training and coaching
Core System Transformation Advisor
- Core brokerage systems
There is a wide range of solutions available for brokerages – from core management systems to digital front-ends. Capco is engaged in a full spectrum of offerings, along these lines including our own digitally enabled submission and claims front-ends, that digitize those processes. The goals are to reduce and remove redundant non-value activities and increase insight and engagement. We accomplish these goals by using state-of-the-art artificial intelligence, machine learning, and data science.
- Agency management system consulting
Independent agents are critically important to the insurance value chain and to Capco. Our ability to scale-up or down allow us to help both large and small agencies incorporate key digital technologies to connect with carriers and clients. While we believe strongly in artificial intelligence and machine learning, we do not subscribe to the romantic notion that these technologies will replace humans. Rather, we believe technology - when coupled with experienced professionals - achieves the most important goal – customer satisfaction.
Digital Insurance Implementation Consulting
- Digital Centers of Excellence (CoE)
- Defining Digital
- Artificial intelligence and machine learning
- Customer experience (CX)
- Robotic process automation (RPA)
- Data science
- RPA implementation services
- Digital assistants - chatbots
- Digital hub
- Cybersecurity and resiliency services
- Financial crimes
Compliance and Risk Management
The regulatory environment is increasingly complex and always changing. Failure to maintain compliance carries stiff financial and reputational consequences.
Capco consulting can help you assess your risk, develop a comprehensive compliance management system (CMS), establish customized policies and procedures, educate your staff, monitor and test for ongoing compliance, remediate apparent violations of law and other compliance weaknesses, generate useful management reports, and successfully prepare and respond to regulatory examinations.
Process Digitization - Blockworkx
In a competitive, changing business environment, insurance companies gain competitive advantage and reduce costs by transforming their processes. At Capco we can optimize your business processes with a proven methodology and an enterprise-wide digitization solution called Blockworkx.
Blockworkx leverages pre-built and tested patterns that enable efficient, agile business processes to be rapidly stood up and evolve with your company’s needs. Our solution enables organizations to leverage a suite of functionalities to improve process efficiency, continually improve and modify processes to respond to changing business needs and integrate new digital capabilities.
Find out how we can transform your distribution channel by contacting firstname.lastname@example.org.
FIVE DIGITAL INSURANCE TRENDS TO WATCH IN ASIA
CYBER SECURITY SERIES: CYBER INSURANCE PRICING
The attitude to cyber insurance is changing. Now seen as a core element of mainstream business risk management, the global cyber insurance market is projected to triple and reach $7.5 billion by the end of the decade. These levels of growth present insurers with massive opportunities - however, cyber insurers are waking up to a tough reality.