25 March 2017
visit nextgenbanking.co.uk

EdiTrack targets insurance sector with new unit

29 June 2012  |  1588 views  |  0 Source: ediTrack

EdiTrack, the business process visibility company, has a new subsidiary that will specialise in providing software and consultancy for insurance companies.

The new business, called ediTRACK-i, is designed to develop the insurance industry market for ediTRACK's core, cloud-based, application platform, and draws on its staff's extensive executive knowledge of the insurance industry. This expertise is key to accelerating the development of software that will help insurers with everything from claims leakage and risk assessment to fraud and cost analysis. The ediTRACK-i team, which includes experienced insurance professional Duncan Cornwell, has a wealth of claims and underwriting expertise, as well as experience in key roles at both insurers and reinsurers, and in many different types of operations, including Lloyd's broking and underwriting.

ediTRACK-i is focused on applying business process execution technology to develop products that will allow insurers to interface seamlessly with their supply chain partners and allow them to collaborate in real time. It will enable insurers to improve their operational efficiency, claims leakage, customer satisfaction and incurred loss ratios in addition to giving them greater visibility of volume processes.

The strategy is to develop a number of integrated, web-based, products that establish the ediTRACK technology platform as a strategic provider of cloud-based applications for the insurance industry. These product sets will be particularly responsive to forthcoming industry initiatives like the changes being proposed as part of the volume claims service under the Lloyd's 'Claims Transformation Programme'.

Duncan Cornwell, ediTRACK-i director, commented, "The insurance industry faces on-going challenges to improve efficiency and reduce costs. A highly regulated environment continually raises new issues that insurance companies need to deal with swiftly, and in some cases the best solution is to deploy new technology. Developing cloud-based technology allows us to introduce new features quickly and cost-effectively in response to the issues that our clients face." 

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit abe-eba.euVisit capgemini.com

Top topics

Most viewed Most shared
French retailer Carrefour launches online bank accountFrench retailer Carrefour launches online...
57112 views comments | 15 tweets | 35 linkedin
Can banks really win in the payments business of the future? – new Finextra reportCan banks really win in the payments busin...
8507 views comments | 23 tweets | 37 linkedin
European Commission opens public consultation on fintechEuropean Commission opens public consultat...
8403 views comments | 42 tweets | 25 linkedin
Westpac wants to take over your messaging keyboardWestpac wants to take over your messaging...
7068 views comments | 4 tweets | 10 linkedin
SecureKey taps IBM to put identity on the blockchainSecureKey taps IBM to put identity on the...
6955 views comments | 22 tweets | 15 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job