Revolutionize Your Insurance Business for the Digital Age
Explore how we assist property and casualty (P&C) as well as life insurance companies in reshaping their business and operational frameworks, positioning them for substantial growth.
Claims
Claims processing may make or break your reputation in the insurance world. ARKA provides you with the claims management revolution. See how our cutting-edge solutions can transform your claims center.
- Velocity Productivity
- Accuracy
- Customer-Centric Experience
- Compliance
- Instant Insights
- Electronic Claims Process
Policy Admin System
Having said that, core systems transformation refers to the updating or replacing of the central IT systems which are accountable for policy administration, billing, claims processing, and other core functions. The modernization of these systems will naturally help with agility, scalability, and an abundance of responsiveness to changes in market dynamics.
- Operate more efficiently and reduce costs through automation.
- Delight your customers with personalized products and services.
- Optimize and maintain a robust pricing structure to beat the competition in the market.
- Deliver a leaner and adaptive IT infrastructure via systems transformation
Healthcare Provider
The complete suite of distribution requirements helps an organization maximize its avenues for distribution, enhance overall performance, and keep its network of distributors motivated and productive.
- Hierarchical Management
- Performance Management
- Compensation Management
- Financial Management
- Sales Enablement
Global insurance companies served
Insurance Under Administration
Years of experience in the insurance sector
Experienced and skilled employees
Insurance companies are embracing ecosystems to manage industry change
An insurance ecosystem is essentially the collaboration of a group of players in the form of insurtech startups, technology providers, and data analytics firms, among others, to create a more integrated and innovative insurance ecosystem. Below are some key points on how insurance ecosystems might help manage change
Next Gen: Insurance Ecosystems - Navigating into Change
A digital insurance platform will be a catalyst for the right kind of insurance ecosystem, which can accelerate the adoption of new technology and data sources to support the creation of innovative products.
Niche Areas of Healthcare We Cater To
Healthcare companies, providers, and payers worldwide are perpetually striving to achieve three fundamental objectives. With the help of healthcare consulting, customers can enhance the patient care journey, optimize the health results, and minimize healthcare expenses.
Advanced security practices are followed in the modernization journey
Prioritizing safety to protect the most sensitive customer information, resisting cyber attacks, and preserving trust in the market.
Securing Long-Term Viability of Insurers
We have identified through interviews and research with the insurance industry as well as other highly regulated sectors ten actionable and repeatable provocations that insurers can action.
A Winning Approach to Insurance IT Modernization
IT modernization is one of the main and all-pervasive trends across all industries, but there are tougher challenges in the insurance industry, demanding innovative and tailor-made strategies.
New Digital Smart Distribution Enabler
Whether it is streamlining business operations or creating new operating models, we are committed to helping our customers navigate the transformation.
Revolutionizing the insurance industry through our Holistic Digital insurance platform
Our digital insurance platform fosters the correct insurance ecosystem and fastens the implementation of innovative technologies and sources of data to support the creation of new-age products, besides providing a transformation approach with the agility to react fast to the changes happening in the future.
- Risk Assessment and Strategy
- Data Protection
- Access Control and Authentication
- Secure Software Development
- Vendor and Third-Party Risk Management
- Incident Response and Disaster Recovery
- and more….
Data Analytics
Insurers can use advanced data analytics and AI to understand customer behavior, risk assessment, fraud detection, and proper pricing optimization from gigantic amounts of data.
Digital Marketing and Customer Acquisition
Our clients invest in digital marketing strategies that can include social media, SEO, and online advertising to attract and acquire new customers.
Automated Underwriting
Digitization can automate the underwriting process. With the use of data and algorithms, risk can be speedily assessed and eligibility for policy determined. This automatically erases manual labor and hastens the issuance of a policy.
Digital Claims Processing
Digitization makes easier claims processing online or through online filing by the customer, e-filing of necessary documents, and applying AI and machine learning for automated claim assessments.
Internet of Things and Telematics
With IoT and telematics devices, insurers can fetch real-time data from insured assets such as vehicles or homes. This information helps in risk evaluation, price customizations, and prevention of losses.
Chatbots and Virtual Assistants
The customer support tasks and FAQs of insurance companies can be handled with the help of chatbots and virtual assistants to reduce the workload on human agents.
Contact Arka Sales Team
We appreciate your interest in Arka. Please fill the form below.
Contact Us | Disclaimer | Privacy Statement | Terms of use | Sitemap
We use cookies on our site. Please read more about cookies policy here.
© 2024 Arka Information Systems International LLC also known as Arka Information Systems Pvt. Ltd. (India Subsidiary)