Insurance
EDS is Working With Insurers Across the Globe to Address Priorities and Provide Insurance Industry Solutions
Pressure is increasing on insurers to transform their processes and operations in order to meet demands from shareholders to improve profitability, while meeting parallel demands from regulators and customers to reduce risk and improve transparency. Insurers in the both the life and pensions market as well as the property and casualty markets are rationalizing their product portfolios and reviewing their distribution strategy.
Read the Insurance Overview PDF, 292K
EDS is working closely with insurers across the globe to address the priorities these industry-wide changes have on their operations:
- Achieve back office operational excellence in order to improve service and productivity
- Reduce operational risk requirements and
- Re-engineer manufacturing processes and systems to support increased integration and sustain new partnerships
- Rationalise and decommission legacy systems to improve profitability and support M&A strategies
More Insurance Industry Segment Information
- Banking
- With EDS, you have an ally who is committed to keeping you at the forefront of innovative technology. For nearly 40 years, we've been an IT leader to financial clients and we’re helping banks around the world meet their objectives every day.
- Capital Markets
- Regulation and the need to improve efficiency are putting enormous strain on the operations of financial institutions. EDS helps institutions transform and harmonize market, credit, operations, and security functions across the organization to manage risk, reduce cost and improve transparency.
- Insurance
- Pressure is increasing on insurers to transform their processes and operations in order to meet demands from shareholders to improve profitability, while meeting parallel demands from regulators and customers to reduce risk and improve transparency.
Far Pavillions – Offshore Outsourcing in Financial Services
Few business issues have been clouded with as much passionate debate as the topic of 'Offshoring'. “Far Pavilions”, a study conducted by LIMRA Europe in association with EDS, captures the views of stakeholders in the financial services industry and provides an independent analysis of how attitudes around this subject are set to evolve. It explores the benefits offshore offers, uncovers the true cost of pursuing this strategy and presents a best case approach for evaluating the relevance of offshore to your organisation's specific needs.
To order a copy of this paper, please contact LIMRA Europe on +44 (0) 1923 253883.
Insurance Industry Contact Information
EDS Financial Services Leader: Michael Coomer
Michael Coomer is the global leader of EDS' Global Financial Services group. He brings to this position more than three decades of information technology (IT) experience, including deep expertise across the financial services, telecommunications and defense industries. As global leader, he works to strengthen the company's market share in the global financial services arena, which represents more than $4 billion in annual revenue for EDS in 30 countries. Read the Michael Coomer biography.
EDS Vice President, U.S. Financial Services Industry: Mark DeBenedictus
Mark DeBenedictus is vice president of U.S. Financial Services. He is responsible for leading business operations and driving growth in this multibillion dollar market including banking, insurance and capital markets. In this role, DeBenedictus oversees development of industry strategy, client relationships, and go-to-market plans for industry solutions and business partners in Canada, Mexico and the United States. Download the Mark DeBenedictus biography.
EDS Vice President, Global Financial Industry: Steve Ingram
Steve Ingram is vice president and leader of the Global Financial Industry for EDS. Ingram is responsible for developing and driving financial industry-specific solutions that address clients' business challenges and issues. Download the Steve Ingram biography.