IBM validates ALIS as part of their Insurance Process Acceleration Framework

IBM has validated ALIS, the leading insurance package from FIS Software, as an advanced solution within the IBM Insurance Process Acceleration Framework. ALIS was approved against IBM technologies including WebSphere Application Server, WebSphere MQ, DB2 and AIX.

ALIS is a global software solution addressing the enterprise needs of Life & Pension providers. Clients in 11 countries use ALIS to administer their Individual and Group portfolios. ALIS supports the entire policy life-cycle, typically enables a consolation of few legacy platform into one solution. Main models include New Business Processing, Underwriting, Reinsurance, Billing & Collection, Servicing, Agency and Commission Management, Claims Management and Business Intelligence. These core processes can be delivered in a Service-orientated architecture (SOA), such as the IBM Insurance Process Acceleration Framework to improve insurers’ operational efficiency.

The insurance industry is under ever-increasing pressure to reduce operational costs while maintaining market share. In many cases, this requires transformation of inefficient and duplicated core processes. This is particularly challenging for insurers who are restricted by the complexity and hard-coded restrictions inherent in legacy systems.

The IBM Insurance Process Acceleration Framework provides rapid, flexible and incremental deployment of best-practice insurance processes. These process solutions, such as those provided by ALIS, can be implemented incrementally, reducing investment cost.