CAPABILITIES

Cambridge Solutions is well-positioned to address the general industry challenges as well as some specific segment issues bcause of our exceptional presence and focus within the industry.

• Within our company, one division is an offshoot of Aon’s P&C claims management business. The bulk of our domain knowledge in Reinsurance, P&C WC claims and policy management springs from this source.
• For several decades, Cambridge has served Fortune-500 Insurance companies, so we understand the changing IT needs in the context of industry challenges
• Because of our sister division, which has 3000+ professionals who manage claims and policy administration for P&C on behalf of various insurance companies, we can offer economies of scope and scale
• In several insurance segments, we possess the business domain knowledge to be a key partner
• In support of insurance company needs, our technology practices can augment and complement your systems:
  
  
  • Business Intelligence and Data Warehousing
  • Enterprise Application Integration
  • Legacy Application management (Mainframe and Midrange) and Reengineering

Some examples of how we address the specific insurance segment challenges include:

• We help our customers by CAT modeling risks, using CAT tools and providing updated information on catastrophic risks, which is particularly germane to our P&C and Reinsurance clients
• We design and develop data warehouses which mine customer information to support decision making and product customization, especially for our Life and Health Insurance clients.

Some examples of how we address the common insurance industry challenges include:

• Product and service innovation: We have developed various product configuration tools in Auto Insurance (Property Insurance) to help our customers manage their product development and customization
• Industry consolidation- Mergers and Acquisitions: We have often performed product reengineering, data migrations, COTS product selection and implementation as a result of consolidations
• Distribution channels: We have worked on web based portals for policy pricing and information dissemination, plus self help premium calculations in multiple domains, including P&C and Life
• Outsourcing and Offshoring: We have long term partnerships with Fortune-500 companies and have built trusting long term relationships for Technology and process outsourcing and offshoring
• Regulatory compliance requirements: We have built multiple Reporting and Data warehousing applications to ensure our customers comply with the stringent regulatory requirements set by the governing bodies

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