IBM confirms 15 years of technological advancement for MDI and $4 billion in potential saving
Laval on January 13 2007, MDI is proud to take note that IBM analysts describe the «C-surance.ca Suite» as the ideal business model with which the insurance industry could renew themselves. The model insures reduced operating costs that benefit the consumers.
More than 7, 5$ B is spent annually to cover the cost of managing group benefits insurance. The C-surance.ca suite of service is the first UNIVERSAL CLIENT CENTRIC COLLABORATIVE WEB solution that guarantees group benefit insurance saving. The simplified management processes perfectly reflects the new business model proposed by IBM. MDI professionals estimate that $4B annually could be saved once the solution is implemented globally. This represents some 250$ per person.
“The « IBM Institute for Business Value study » titled « Insurance 2020: Innovating beyond old models » report dated May 23rd 2006, is a significant endorsement of our 10 years of R&D and millions in investments” says Mr. Richard Sirois, president and CEO of MDI. “With the evolution of the WEB technologies, MDI undertook in 2000 a total revision of the group benefits management processes and adapted these changes to its original Allegroupe software, which had been on the market since 1995. We put aside all the traditional paradigms of operations and reinvented each process to capitalize on the potential of emergent technologies. The report presented by the IBM professionals precisely reflects the objectives and the challenges on which our professionals invested themselves for years. MDI could hardly have better described its C-surance.ca project added Mr. Sirois.
The technological and financial risks necessary to carry out its C-surance.ca project were important. But the results are concrete. The IBM report which presents the ideal business model for 2020 attributes C-surance.ca 15 years of technology leadership. Case studies show that the business works extremely well financially as an MDI customer succeeded in saving annually more than 500$ per employee.
All the participants including insurers, professional benefits advisors/actuaries, sponsors/employers/trade unions/governments, health care providers and professionals profit from this new opportunity. The largest gains go to the sponsor and therefore the consumers. We expect the sponsor to become the principal promoter of the new technology available.
C-surance.ca proposes the service in SAAS (Software As A Service) mode simplifying the processes of implementation/integration and ensuring of new levels of effectiveness, saving as well as improving management of the group insurance.
To fully appreciate the importance of MDI innovation, one can compare the C-surance.ca solution for the management of the group benefits with the revolution of the ATM brought to the banking operations.
Click on this URL link
http://www.c-surance.ca/help_en/article.asp?id=1346&ucat=238&detail=94&page =
to obtain a more detailed description comparing the IBM report with the actual MDI solution or to obtain an access to the full IBM report.
MDI is a software firm exclusively dedicated to the insurance industry. In operation since 1983 and certified ISO 9001:1996 since December 1998, MDI is specialized in process optimization, operational efficiency and aims at reducing human interventions. MDI deliveries with best of breed product and superior process efficiencies were recognized by peers. Prestigious awards were presented to MDI by highly regarded organization for both their INNOVATION as well as their B2B ELECTRONIC COMMERCE IMPLEMENTATION. MDI does not sell insurance, nor do they offer benefits consultation, Third Parties Administrators (TPA) or Third Parties Payers (TPP) services.
The C-surance.ca services are exclusively based on a SAAS solution that will reduce operating cost and improve profit for users. This C-surance.ca solution provides all the tools to manage every aspect of group benefits insurance management: Administration, Claims Adjudication and Sales/Market Evaluation processes. C-surance.ca offers collaborative tools that manage every aspect of group benefits insurance. The solution is available to carriers, professional group benefit advisors, actuaries, TPA, TPP, plan sponsor, plan members as well as all the health professional or service providers.
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Contact :
Richard Sirois - rs@c-surance.ca
450-629-6158 # 229
Toll free : 866-629-6158 # 229
www.c-surance.ca
