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Property & Casualty IT Managers have seen their budgets strapped by the millions of dollars already invested in existing legacy systems, as well as by the Y2K preparations made in 1999. As a result, insurers are hesitant to abandon these systems in adopting new, and often expensive, administrative software solutions.
Among the most prominent integration issues facing IT Managers are:
- Component-based vs. single system. Single system solutions eliminate the compatibility issues that arise among separate modules. However individual core system components are an attractive option for P&C companies reluctant to completely abandon legacy system.
- Return on Investment. The adoption of automated claims systems requires a
solution that lowers the cost of ownership by reducing the code maintenance and is deployed in a time frame that quickly pays the investment off.
- 3rd Party Communication. With an industry wide move to web-based e-commerce, systems must be able to communicate with 3rd parties such as providers, managed care organizations and other information vendors.
ePIP provides IT Managers with all of the flexibility of a component-based system, while providing the full range of solutions necessary to settle claims from one end to the other. With client applications based on pure XHTML, ePIP can efficiently exchange data among different systems, applications and 3rd party vendors. And with an ePIP deployment time of only 3-6 months, P&C companies can realize a rapid and high return on their claims system investment.
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