Overview insurance industry

Current economic conditions, changing customer behavior, new and additional governmental regulation and intensive competitive pressure are the key drivers for the insurance industry.

Answers to these challenges need to establish the right balance between the quest for economies of scale, on the one hand, versus individualized products on the other hand.

Consolidation, efficiency and information management

At IMPAQ, we are proud of our long and successful track record in supporting our insurance customers with solutions in the area of sales and quotation, policy management, life insurance, retirement provisioning, business application development and data migration.

We have built entire applications; we have streamlined the migration of complex product portfolios in life (group and single), non-life and in the health insurance sector as a result of a merger or renewals of the core administration platforms.

Thanks to our insurance domain knowledge and experience in bespoke application development, IMPAQ improves claim handling efficiency, provides decision support by making actual customer and processing data available, and establishes direct client interaction through web portals.

Data migration, archiving and decommissioning

IMPAQ helps customers consolidate and migrate product portfolios based on mergers or system renewals using tools, methods and services proven in many large and successful projects. 

In addition, IMPAQ develops, maintains and supports custom business applications to support product data handling. Thanks to our life, non-life and health insurance business expertise, we provide efficient solutions by exploiting the limits of technical restrictions.

Maintenance cost can be significantly reduced by archiving run-off portfolios and decommissioning remaining systems and applications.