ALIS Business Solution
The insurance industry is affected by rapid political, economical, social and regulatory changes, and has become even more competitive. The key factors for success in this global environment are the ability to respond rapidly to new market conditions, and the offering of innovative insurance products, clearly differentiated from your direct competition.
By bringing ALIS to the market, FIS has enabled insurance and pension organizations to:
- Minimize the effort and time needed to create new insurance products and versions
- Support all stages of all life insurance and pensions products’ life-cycle, through a single end-to-end packaged solution
Today, FIS is helping its customers to achieve significant business benefits as a result of implementing an insurance policy management, ALIS:
- A new insurance company in the UK moved from set-up to launch in 9 months by building its operations on ALIS as its insurance policy management. This compares favorably with the insurance industry average set-up time of between 18 and 24 months.
- A life insurance and pensions company in the UK reduced its administration costs by 25% without business process change just by switching to the ALIS platform.
- A European life insurance and pensions company has shrunk its development and go-to-market timeframe for new products down to one month.
