Insurance
According to the 2010-2011 edition of the U.S. Department of Labor’s Career Guide to Industries, future job growth in the insurance industry will be driven by new technologies that enable increases in direct mail, telephone and Internet sales. Approximately 42% of all insurance workers are employed in office and administrative support jobs, 17% are in sales and sales related positions, and 11% are in other professional occupations such as computer science and mathematical science. To meet the growing need for software integration specialists who understand the needs of the insurance industry, the 4Sight-Efron Group developed Enterprise Management 360, a next generation, end-to-end solution that is designed to assist companies with continuous process quality analysis. Continuous process quality analysis leads to productivity improvements through the optimization of resources in strategic planning and the minimization of waste in areas such as time-delays, complex paperwork and other cumbersome processes.
4Sight-Efron leads the IT industry in providing consulting expertise to insurance companies that are transforming themselves through software changes or upgrades. We specialize in multi-tier software architecture (n-tiers) in which the presentation, the application processing and the data management for capacity, resource and strategic planning are logically separate processes. By combining advanced multi-dimensional, constraint-driven scheduling, planning and forecasting software solutions with Internet enabled, multi-tier, open database, open platform architecture technology, we are able to target specific cost savings benefits for all types of insurance companies.
At 4Sight-Efron, we understand that operating expenses for most insurance companies are rising faster than revenues as insurers face higher operational costs, increased competition, various legal regulatory pressures and mounting claim expenses. Unlocking the power of information to expand the customer base while reducing expenses can be the key to enabling insurance companies to focus on sound underwriting practices, prudent risk management strategies and cost management. To meet the challenges of deregulation, consolidation and convergence of worldwide financial services, 4Sight-Efron developed a comprehensive 3-phase plan of action that has proven to be successful:
Phase 1
(Analysis) – Our expert consultants will analyze your company’s current business practices, configuration management and incident management processes including activities that have been planned and or are currently being developed. Working together with your company’s management, we will identify and prioritize the company’s current and future models and processes as well as the company’s quality goals and objectives. 4Sight-Efron will perform a GAP analysis and develop a checklist to prioritize actions by key areas and highlight any “quick wins”. We will develop a quality strategy for implementation and make recommendations for both immediate and long-term action items.
Phase 2
(Work Plan)–Based on our analysis & recommendations, we will develop & deliver a detailed work plan including a phased time schedule, costs, & resources to redefine & implement. We will work together with your company’s management to develop a schedule of prioritized items for the development, implementation & improvement of:
- The environmental management model
- The release (change) management process
- The testing management process
- The incident management process
- quality metrics
Phase 3
(Implementation) – We will work with your company’s core team to implement the recommended changes outlined and approved in Phase 2. We will also execute a pilot program in which the new environmental management model metrics, the configuration management process as it applies to environmental management, the testing management process, and the incidence and change management process will be verified and fine tuned while each activity or task is executed within each process.
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