Unify channels, boost loyalty, gain complete visibility, and accelerate order fulfillment
Manage global supply chains, material planning, package sourcing, and omnichannel retail
Reimagine the way insurers operate and serve customers - driving growth powered by cutting-edge technologies
Drive efficiencies in the banking, financial services, and mortgage institutions
Streamline food supply chain manage- ment, enable B2B & D2C digital commerce, and unlock valuable insights
Unlock real-time patient and market insights, ensure error-free and automated reporting, and foster drug R&D
Simplify supplier communication, forecast consumer demand, and optimize inventory spend
Enabling digital transformation for sustainable growth
Revitalize B2B & B2C Commerce Operations with a modernized approach
Expertise and services to reshape enterprise IT investments to increase business value and adaptability
Automate data exchange across partners and internal systems
Hassle-free mobile dine-in ordering and payment for restaurants
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Uplift your mortgage business with future-ready digital operations
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Unified digital connectivity of the future
Unified platform for advanced data analytics
A Step Ahead: New Generation of Digital Mortgage Solutions
Close mortgages faster through intelligent document processing
A complete digital lending experience
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Unlock real-time interactive shopping experiences.
Maximize the operational efficiency of your Food & Beverage distribution business
End-to-end cloud based omnichannel retail and supply chain management
Complete Dynamics 365 shipping solution with distribution management and parcel carrier integration
Modernize your actuarial operations with our solution
Achieve rapid digital commerce modernization and efficient B2B communication
Rapid adoption of complete online digital commerce
Data cleansing & unification to data activation
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Cloud migration and cloud cost
Our client is one of the largest property and casualty reinsurance groups in the world. It boasts a track record of underwriting significant sums of premium for a diverse range of products and geographies.
The client had previously been tracking reinsurance contractsmanually, which was time-consuming, delayed the presentation of reports to upper management, slowed portfolio management decisions, and occasionally resulted in loss of records while performing yearly analyses to calculate future risk premiums. Fragmented assumed-risk calculations led to unreliable profitability analysis, risk exposure, and inaccurately priced deals, which directly affected their bottom line. The client also lost several business opportunities because of delays
in quoting premiums to potential cedants.
Our client required a solution that would provide timely access to accurate business intelligence and analytics to help them achieve underwriting process excellence, improve risk management, and serve insurance clients faster.
Visionet implemented an integrated pricing and portfolio information solution for the client. The cutting-edge application combined BI, web, and mobile capabilities to streamline complex pricing mechanisms and enhance the operational efficiency of their underwriting process. Visionet seamlessly integrated the solution without any third-party interfacing.
The solution calculated probable maximum loss and ran models for actuaries by automatically fetching data from their systems. It helped the client improve pricing decisions through management of risk transfer in contracts and detailed portfo-
lio analytics using Google Maps. It also automated report generation, which saved time and resulted in swift market responses to changes in expected losses and risk exposure.
The solution allowed our client to significantly increase market share and improve profitability by instantly quoting premiums to potential cedants. It also enhanced the accuracy of their pricing module using pricing algorithms that calculate risk premiums and price a contract on the basis of risk exposure and other information fetched from external sources.
The solution automated the entire underwriting process, which significantly improved operational efficiency and reduced errors and execution time. It enhanced team collaboration across geographical locations by syncing data in real time, resulting in high-quality client service. The solution also allowed our client to transcend geographical barriers through multi-currency and multi-culture representations.
Discover how Visionet can help you produce tangible business results using digital technology
See how we are helping global enterprises achieve digital prowess
Mobile-first eCommerce implementation, analytics integration
ERP implementation, headless commerce
Cost effective omni-channel excellence
VISIONET SYSTEMS, INC
4 Cedarbrook Drive, Bldg. B
Cranbury, NJ 08512
609 452 0700