We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byDevin Crabtree
Modified over 2 years ago
©Accenture 2009 All rights reserved. Fireman’s Fund Insurance Company Accenture helps Fireman’s Fund transform claims and underwriting services Fireman’s Fund is a premier property and casualty insurer. It provides personal, commercial and specialty insurance products throughout the United States. As of year-end 2007, the insurer had assets of more than US$10 billion and gross written premiums of more than US$6 billion. Business challenge As the soft market relative to insurance pricing continues and rates remain relatively low, insurance companies face additional challenges in generating growth. But accuracy in underwriting–determining what risks to take on, how to assess them and how to price them–and efficiency in claims processing are two areas in which all insurers must consistently excel, no matter what the market conditions. Fireman’s Fund took up the transformation of its underwriting operations to give its underwriters the tools to adapt to market changes quickly and help improve risk decisions. In addition, the insurer sought to eliminate silos and increase operational efficiency by bringing together its claims processing for all lines of business, including auto, property and general liability, onto an enterprise-wide claims processing platform. How Accenture helped To help Fireman’s Fund build a more efficient and effective underwriting operation, Accenture implemented its Underwriting Components Solution. Built on Microsoft.NET technology and running on a Microsoft Windows Server, this platform enables underwriters to follow core underwriting principles thereby making more consistent decisions about risks. Further, the web-based application provides easy access to the most current data leading to better, more informed risk decisions. The solution also eliminates the need to enter data more than once thereby lowering the incidence of human error and increasing efficiency. Accenture built and deployed the system across all commercial lines and all 50 states in less than a year. To assist Fireman’s Fund in transforming its claims operation–a function that encompasses people, process and technology–Accenture implemented its Claim Components Solution. Claim Components Solution brings a standard, automated, repeatable process to every aspect of claims handling, resulting in better control of the expenses of handling a claim and better customer service. High performance delivered More than 500 commercial underwriters and their teams now use the new underwriting platform and are achieving several points of combined loss and expense improvement as well as increased target account growth. The claim solution has lowered Fireman’s Fund’s claim expenses by reducing the time required to handle a claim and enabling adjusters to spend more time on value-add and customer-facing activities. Overall, Fireman’s Fund has lowered its expenses by several basis points and is positioned to write new business more consistently, leveraging best practices from across the company in an automated manner. Accenture has met or beaten every deadline date and remained on or under budget on all projects delivered at Fireman’s Fund.
1 Copyright © 2008 Accenture All Rights Reserved. Client Background Fireman’s Fund is a premier property and casualty insurer. It provides personal, commercial.
1 Copyright © 2007 Accenture All Rights Reserved. Affirmative Insurance Accenture Claim Components Solution Win Card Accenture has been selected to license.
RSA – Accenture Insurance Solution Client Profile RSA is a leading multinational general insurance group. The company has operations in 28 countries and.
Landstar Application Case Study: Development Of Content-rich Solutions For The Mobile Employee Bob Leo Director of Professional Services October 15, 2000.
1 Copyright © 2008 Accenture All Rights Reserved. U.S. Insurance Company Mergers & Acquisitions Services; Product/Policy/Billing Trans Services Client.
Sapient Insurance Partners. Overview & Services We have almost four decades of combined experience in the property & casualty insurance and reinsurance.
1 Copyright © 2007 Accenture All Rights Reserved. About CIS Co-op Insurance Services (CIS)—a subdivision of the Co-Op Group—provides a full range of life,
Page 1 Business Architecture – From Business Strategy to the Alignment of IT Rich Waller An Insurance Industry Case Study April 15, 2009.
Predictive Modeling for Small Commercial Risks CAS PREDICTIVE MODELING SEMINAR Beth Fitzgerald ISO October 2006.
Trending Now Dale A. Sailer Principal Relias Services Group Business Mentors: 2012 Leadership and Business Development Summit.
Manage projects effectively with Microsoft ® Office Project 2003 Claire Reilly Solutions Specialist Microsoft Corporation.
Marketing and Distribution Systems Marketing - developing strategies to get and keep customers Measuring the market (1995) Premium volume $260 billion.
HUA Plc Presentation - Results for year ended 31 st December 2006 Page 1 Heritage Underwriting Agency Plc Presentation Results for the year ended 31 December.
CA SAMIR H. SHAH SAMIR H. SHAH CHIEF FINANCIAL OFFICER CHIEF FINANCIAL OFFICER Member of Executive Management, CFO & Company Secretary – HDFC ERGO General.
RIHM 3505 DR. WEISS Financial Ratio Analysis for Property-Liability Insurers 1.
Copyright © 2009 Accenture All Rights Reserved. 1 Copyright © 2008 Accenture All Rights Reserved. Client background This client is one of the world's largest.
A major Japanese Property & Casualty insurer FNOL call center transformation - CCS FNOL SI 1 Copyright © 2009 Accenture All Rights Reserved. Client Profile.
R L Captive Solutions Cost Control Presentation by Travis Lantis R L Consulting, LLC.
Business Acceleration Program Fall 2015 Session October 22, 2015.
©Accenture 2010 All rights reserved. Deutsche Telekom Life insurance provider consolidates delivery model on journey to high performance Leading US Life.
© 2004 Flashline Inc. The Seven Faces of Reuse Enterprise Architect Summit June 8, 2004 Charles Stack Founder and CEO Flashline, Inc. © 2004 Flashline.
Enterprise Resource Planning ERP Systems Integrating the Organization from End to End.
CONSTRUCTION & THE FOOD INDUSTRY The Insurance Industry View Steve Exwood & Jon Miller.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Insurance Company Operations.
Organisational Effectiveness Consulting Achievements Organization Effectiveness Consulting is a full-service organizational development consulting team.
Interaction with Underwriters Casualty Actuarial Society Spring Meeting - May 17, 2005 Brian Evans CPCU, ARe Vice President & UW Manager GE Insurance Solutions.
1 FBD HOLDINGS PLC 2006 INTERIM RESULTS. 2 Forward Looking Statements This presentation contains certain forward-looking statements. Actual results may.
Reasons Why SERVPRO is a better Restoration Vendor The Premier Cleaning and Restoration Company “Nationally Known, Locally Owned” Of Birmingham.
Company: Name: Date:. Overview In today’s challenging business environment, your customers want low-cost, high- performance solutions. They are looking.
McGraw-Hill/Irwin © 2008 The McGraw-Hill Companies, All Rights Reserved Chapter 12 Integrating the Organization from End to End – Enterprise Resource Planning.
FBD Holdings plc 2007 Interim Results August 2007 A.
The Surety Industry and Workers Compensation Guarantees Casualty Actuarial Society Presentation by: Marsh Surety Practice Drew Brach, Managing Director.
Randy Wadle, CEO. Client Profitability Breaking Down the P&L Billable Services Measuring Cost of Service Client Scorecards.
Enterprise Architecture 1. What is an Enterprise An “enterprise” is any collection of organizations that has a common set of goals. For example, an enterprise.
PEOPLESOFT. COMPANY PROFILE PeopleSoft was established in 1987 to provide innovative software solution that meet the changing business demands of enterprises.
Richard Moore Server & Tools Business Group Lead Microsoft Ireland
Deposit Insurance Corporation of Ontario Credit Union Managers’ Association October 9, 2002 “Improving the Odds”
Seminar Series Seminar Series MERCURY CONSULTING Seminar Topic: IBM WebSphere Business Integration Sreenivas Angara Solution Architect Mercury Consulting.
Customer Relationship Management ANGLER Technologies Empowering e-Business by ANGLER TechnologiesANGLER Technologies.
Hans VerbeeckHans Verbeeck Evangelism ManagerEvangelism Manager Microsoft BelgiumMicrosoft Belgium.
Comprehensive Project Management Solutions with the.NET Server family.
Steven Adler Enterprise Technology Strategist Microsoft EMEA.
1 Taruna Kalra Ms lisha. 2 What Is ERP? Enterprise Resource Planning (ERP) is a business management system that integrates all facets of the.
1 FBD Holdings plc 2007 Preliminary Results. 2 2 Forward Looking Statements This presentation contains certain forward- looking statements. Actual results.
Align Business and Information Technology – with SOA Pradeep Nair Director – Software Group (IBM India/SA)
Finance 431: Property-Liability Insurance Lecture 4: Marketing and Distribution Systems.
Microsoft Dynamics CRM Online Choice Begins Today! Ralph R. Zerbonia President Universe Central Corporation.
1 Practical ERM Midwestern Actuarial Forum Fall 2005 Meeting Chris Suchar, FCAS.
U-SAFE Insurance Company–Sale and Recordkeeping of Insurance Policies.
© 2017 SlidePlayer.com Inc. All rights reserved.