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
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
Multiple data-input streams