Project Deployment Summary:

Prudential’s Group Life division uses ebusiness solutions to deliver information on premiums and other financial information regarding group life insurance.

From the information delivered by the ebusiness solution, Prudential executives view premiums, actuaries determine group life insurance rates, and corporate clients review their insurance statements.

Prior to the e-business solution prudential Group Life employees used to get information from the mainframe. The information was difficult to get from the dial-up. Prudential had so many different systems to pull data from it was a very time intensive process and complicated to manage.

With the new ebusiness solution, Prudential is able to produce and deliver information quickly and seamlessly. Prudential now has the capabilities to pull information from multiple data sources, which provides users with accurate centralized information.

The implementation of this new system has eliminated the constant maintenance required by the old system.

The Challenges

Seamless integration into complex environment.
Web-based architecture.
For end to end deployment with complex systems.
To provide online web based view of insurance statements to customers, with source data coming from the mainframe.

Business Benefits, Technical Differentiators

Prudential can increase revenues by viewing the number of customer claims and raising premiums
Executives receive alerts, when there are extreme fluctuations in premiums and claims
The ebusiness solution has also lowered Prudential Group Life’s overall technology costs, as total cost of maintenance is very low.
Customers can lower premiums because they have more accurate claims information