CodeObjects tackles major challenge of agility that the insurance companies face of not being able to launch new products. It mitigates this issue by helping small to mid-sized insurance market clients launch new products, providing them with speed-to-market facilities embedded in their systems. These systems help the clients expand their market into different zip codes, expand their distribution channels; either through independent agents or directly to consumers, and provide secure channels to monitor the data and their progress. CodeObjects offers complete transparency and a 360 degree view of the customer progress while finding new ways to increase the workflow efficiency. This efficiency is replicated through easy data entry and accessibility as well as rules-based governance over all of the insurance information.
The company provides a suite that offers end-to-end solutions for their clients catering to four big components of an insurance company; policy management, billing, claims administration, and rating. CodeObjects takes care of the planning and creation of a policy/quote, the variations in billing plans from states to counties, the ability to process a claim based on severity along with quick configuration or creation of a new insurance product or product enhancement.
CodeObjects offers complete transparency and a 360 degree view of the customer progress while finding new ways to increase the workflow efficiency
CodeObjects aims at providing its business users with the power to create and modify products instead of directing large investments towards implementation and evaluation. In case of an existing customer, our teams work hand in hand with the customer to analyze critical priorities. The CodeObjects professional services teams are made up of people with deep domain expertise so that they can converse with key executives of the client company. Having insurance experts on staff strengthens the client’s trust. This helps CodeObjects to deliver value added updates to their solution quickly. With this approach, new products and value added solutions are deployed in weeks rather then months.
The company has successfully improved a Florida-based company’s speed-to-market, coping well with the fast growth pace of its client and cut their operating expenses by half. Efficiency and Resilience are two pillars of CodeObjects’ business model. They make certain that their team understand the importance of reliable, accurate, and accessible information. Thus the company uses Amazon Web Services (AWS) to provide an infrastructure platform that is available at all times with the capability to handle large volumes when needed. CodeObjects believes that a key to their success has been their experience in deploying highly-secure cloud solution on leading edge cloud platforms like Amazon. They understand the criticality of security and have achieved SOC certification which mitigates the concerns of most executives in the insurance industry.
In the future, the company plans to provide more power to its clientele by providing their services on mobile devices. This will not only enhance the workflow of CodeObjects’ clients, it will also help the client’s service for their consumers. Expanding the CFOs reach with advanced financial analytics will also be a feature that CodeObjects aims to include in near term releases. This feature will enable the clients to assess the success of their products and service and make proactive informed decisions to expand, contract, or venture into new markets.