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Insurance companies continue to strive to improve the profitability of
operations, generate higher returns on their IT investments, manage risk, and
better understand the customer base. Like its securities and investment
counterparts, the insurance industry is finding itself exposed to a period of
greater regulatory inspection, forcing it to examine its business practices.
Insurance companies today are facing a difficult challenge on how to improve
customer acquisition and retention at the lowest possible cost.
Y&L's knowledge of insurance industry data includes data from the insurance
market, both commercial and private, covering all types of insurance: health,
life, liability, auto, and employee's group coverage packages. Insurance firms
have chosen Y&L to help them combat these challenges by improving
processes, lowering expenses, enhancing customer service, enabling rapid
product launches, and managing risk and regulatory changes. Y&L has
integrated claims data to support customer-based analysis and has re-designed
legacy claims and policy matters to support dimensional data warehouse design.
It includes CRM, Business Intelligence, Reengineering, Legacy-to-Web, and
Legacy Support for the insurance industry.
Y&L has developed solutions that address the entire gamut of business
needs, including product development, sales, underwriting, policy
administration, claims management, insurance brokerage, re-insurance, billings
and receivables.
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