Statistical reporting requirements for P&C carriers are extensive, demanding and inclusive. Each jurisdiction imposes different standards, rules, processes and policies. For many carriers this activity can become a burden, and the cost of deficiency penalties can add up.
iter8 solutions are designed to adapt to many of these environments and facilitate accurate timely submissions, in a cost-effective manner. Penalty or deficiency fees can be minimized and time is saved
Reduce Risk
- iter8 statistical and bureau reporting is proven (ask our customers), accurate, and reliable. Worry free, exact, and low risk - no wonder it is the market leading solution
- Common maps to report information and to extract from policy administration systems make for a faster, predictable implementation timetable
Money saving
- Processes are automated, data is translated and submitted, avoiding manual errors
- Proven, operational at multiple other carriers – you save by using technology and methodology established by others
- Penalty fees are significantly reduced
- Internal IT resources can be redeployed to higher “value-add” functions
Better accuracy
- Errors reduced
- Multiple data-input streams