The Vision / The Challenge #14

Welcome to C-insurance, a unique solution for all stakeholders involved with Employee’s Benefits and Group Insurance Management.

Among other things, C-insurance’s collaborative approach will improve and solve several inconveniences with regards to the traditional method of managing group insurance.

Insurance industry’s needs evolve constantly under increasing consumer demands. Actual business paradigms generate major challenges. C-insurance constitutes a solution and an opportunity that will be able to appropriately respond to the industry’s requests while substantially reducing operating costs.

When managing group insurance, traditional business processes call for each individual stakeholder to manage their own database, information and environment.

Nowadays, such a spider web management approach which, normally, will fit within the natural evolution of group insurance management, raises important challenges.

While each stakeholder has a different mission and some manage very specific information, the same information can still be found in many databases.

In a regular contract, the same information could be found in four distinct databases. Currently, there are over 150 distinct databases among carriers only. If you look at the entire industry and all its stakeholders, once can easily imagine that the same information is availaable in thousands of different formats.

With such information redundancy, it can then become very complex to synchronize the same information and avoid handling errors.

Efficiency and productivity loss related expenses bear a major financial burden on premiums imposed on various participants.

In the end, where can the right information be found? Based on a specific consumer need, it often becomes difficult to access the proper information at a given time.