Description:
For life insurance, property and casualty insurance,
annuity and pension providers, virtualization means a
shift from enterprise-centric processing to network-based
processing across enterprises to create a leaner, more
efficient and more focused organization. It’s a new way
of thinking about the process of insurance. Most
companies today have “virtualized” processes such as
payroll, 401(k) management and facilities maintenance;
they rely on functional specialists to provide needed
expertise or gain leverage and scale. Virtualization of
insurance-specific processes.
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