Insurance Performance Testing Is Vital For Success
Auto Insurance, Travel Insurance, P&C Insurance
, Life Insurance, Health Insurance, Retirements and Workers Compensation are some of the areas where ideal performance of systems is important and critical in core applications and channels such as online.The Insurance industry today is facing enormous pressure on various fronts, especially costs. Insurers have to put in extra efforts to attract and retain extremely price-sensitive customers with innovate flexible products to suit ever changing regulatory and business requirements.
In order to minimize operations risk, Insurance Companies have implementation partners for their applications and products, but choose to hire independent testing partners to ensure optimum performance of all systems and customer touch points. This is to ensure that two separate Companies are responsible for Implementation and Testing, instead of having same company do both the tasks. It is a good business practice as well as software engineering practice to hire an independent performance testing company.
This extraordinary scenario calls for innovative thinking and a cost effective approach to business as a whole.
Some factors to choose the right performance testing partner:
Alliances with Key Tools Providers: Does your Performance Testing Partner with companies like HP, IBM, CA, Compuware etc so that they can offer a solution that depends on your problems and not limited to tools at hand.
Synergies with Product Partners: Does your Performance Testing Partner have experience with several product vendors in the policy administration and claims space.
Insurance Specific Solution Accelerators that help reduce efforts and increase cost savings.
Integrated Test Accelerator Platform for insurance: Assists testing team to provide value add services to the customers leading to considerable cost and time savings in areas like:-
- New Business/Policy Admin
- Claims Management
- Agents Management
- Back Office Billing, Accounting & Investment Management
- Channels Performance (Mobile, IVR, POS etc.)
So its important to choose the right Insurance Performance Testing Partner with vast experience in the Insurance Domain (Auto Insurance, Travel Insurance, P&C Insurance, Life Insurance, Health Insurance, Retirements and Workers Compensation ) to get the best solution.
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