{"product_id":"property-and-casualty-operations-transformation-services","title":"Property and Casualty Operations Transformation Services","description":"\u003cp\u003eProperty and Casualty Operations Transformation Services\u003c\/p\u003e\n\n\u003cp\u003eWho Is This Report For?\u003cbr\u003e\nNelsonHall’s “Property and Casualty Operation Transformation” report is a comprehensive market assessment report designed for:\u003cbr\u003e\nSourcing managers monitoring the capabilities of existing suppliers of property \u0026amp; casualty operations transformation services and identifying vendor suitability for property \u0026amp; casualty operations transformation RFPs\u003cbr\u003e\nOperational decision makers exploring the benefits and art-of-the-possible within P\u0026amp;C operations transformation\u003cbr\u003e\nVendor marketing, sales, and business managers developing strategies for P\u0026amp;C operations transformation or looking to benchmark themselves against their peers\u003cbr\u003e\nFinancial analysts and investors specializing in operations transformation and BPS.\u003c\/p\u003e\n\n\u003cp\u003eKey Findings \u0026amp; Highlights \u003cbr\u003e\nNelsonHall’s market analysis of Property and Casualty Operations Transformation consists of 53 pages. \u003cbr\u003e\nKey findings include:\u003cbr\u003e\nP\u0026amp;C carriers report high levels of self-sufficiency in defining new operations process models but need help in delivering new operations and implementing the transformation\u003cbr\u003e\nService usage is still concentrated in claims administration, but this is changing\u003cbr\u003e\nExamples of operations transformation include:\u003cbr\u003e\nCognizant implemented proprietary solutions and provided contact center services to assist a carrier in reducing operational costs\u003cbr\u003e\nConcirrus implemented digital solutions integrated with existing systems to assist a carrier in reducing the broker submission turnaround time to five minutes\u003cbr\u003e\nDXC helped increase the speed-to-market of a global carrier’s specialty lines and increased member acquisition volumes within six months\u003cbr\u003e\nEXL assisted a general lines carrier in digitalizing the review process, achieving ~25% higher leakage identification rate\u003cbr\u003e\nMphasis assisted a U.K.-based carrier in reducing its costs and reduced its quote generation time from 24-hr to 6-hr\u003cbr\u003e\nTCS assisted a European carrier in developing a telematics-based platform to improve customer engagement and increase proactive claim management\u003cbr\u003e\nWNS implemented NLP-based solutions and automation to improve review accuracy to 99% for a Lloyd’s of London carrier.\u003c\/p\u003e\n\n\u003cp\u003eScope of the Report\u003cbr\u003e\nThis report analyzes the market for property and casualty operations transformation. It addresses the following questions: \u003cbr\u003e\nWhat is the current and future market for property and casualty operations transformation? \u003cbr\u003e\nWhat are the customer requirements from property and casualty operations transformation?\u003cbr\u003e\nWhat are the benefits\/results that vendors have achieved for their clients? \u003cbr\u003e\nWhat property and casualty operations transformation services are organizations buying from IT services vendors? \u003cbr\u003e\nWhat is the size and growth of the property and casualty operations transformation and BPS market? \u003cbr\u003e\nWho are the leading vendors within property and casualty operations transformation services? \u003cbr\u003e\nWhat are the vendor selection criteria, challenges, and critical success factors for vendors targeting property and casualty operations transformation services?\u003c\/p\u003e","brand":"Technology \u0026 Media","offers":[{"title":"March, 2022 \/ 53 Pages \/ MCW16285670","offer_id":47714944778546,"sku":null,"price":4800.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/property-and-casualty-operations-transformation-services","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}