Insurance

Collaboratively Creating the Future of Insurance

The insurance industry has experienced rapid change, primarily driven by digital advancements. This shift has led to increasing customer expectations and faster competition. Furthermore, regulations are evolving, and new business models are emerging. The combination of innovation and collaboration, both individually and collectively, enables great change. While companies need to satisfy the demand of digital customers with innovative and personalized products and services, they should also address the growth of InsurTech companies and technology giants - in the midst of industrial transformation (from traditional defense products) to technology-led prevention services.

Just as companies struggled to adapt to the changing situation, The disruption caused by COVID-19 also affected the ability to achieve goals in terms of scoring further led to goal scoring. As the industry focuses on job recovery, lower premium growth and a significant increase in claims could have a negative impact on business. The crisis has made it necessary for companies to move faster and faster to digital, and use smart automation and statistics to run smart and robust operations.

JPS Tech has partnered with 50+ global insurance brokers, insurers, retailers and InsurTech companies to promote the complete transformation of all value chains and Property and Casualty (P&C) chains, as well as Life and Annuity (L&A). We continuously expand our strengths in domains, technology, statistics, and processes. Our consultative approach to operations enables us to assist clients in managing and accelerating business disruption, enhancing competitiveness. Our unique offering, Insurance-in-a-Box, combines Platform and Business Process Management as-a-Service. Our targeted performance model, integrated within Insurance-in-a-Box, collaboratively assists in creating agile and future-ready insurance companies.

JPS Tech-led digital insurance services enable businesses to grow faster and respond more quickly to changing market conditions, achieve improved risk reduction, reduce utility returns, lower service costs and improve end-to-end customer information.