The insurance industry is facing unprecedented challenges that include de-regulation, a more demanding customer base and new technology. This has translated into the requirement for more personalised products and services, a more diversified business model that includes prevention and the adoption of new technology to replace antiquated legacy systems.
The stakes are high with many incumbent insurers facing the possibility of going out of business.
PCS understands the urgency to adapt quickly and economically amidst an industry wide technical skills shortage. PCS addresses your business challenges and more by providing future-proof solutions and tools that facilitate change while simplifying your use of the latest technologies to deliver cost saving agile solutions at speed and to scale.
As you don’t need to understand a software operating system to utilise your laptop, in the same way you don’t need to be a data scientist to use our AI driven Pivot Cloud Platform for your business.
Life 400 to Micro-Services
Pivot Cloud Platform AS400 AI trained model is capable of systamatically and completely removing dependency on AS/400. Where you are using RPGL, PL/1, MQ, COBOL or DB2, “Process Insights” will analyse and migrate its logic to Spring Boot Java Micro-services with Bootstrap UI or Angular UI front end. Once finished, the migrated system will run from Cloud with same Database backend, using migrated Micro services with embedded business logic, only task left to do is plan and migrate DB2 to more manageable Database.
Automated AS/400 Migration
Pivot Cloud Platform AS400 AI trained model is capable of systamatically and completely remove dependency of AS/400. Where you are using RPGL, PL/1, MQ, COBOL or DB2, “Process Insights” will analyse and migrate logic to Spring Boot Java Micro-services with Bootstrap UI or Angular UI front end. Once finished, the migrated system will run from Cloud with same Database backend, allows the users to switch over to cloud based Micro-services.
Claims Automation with AI
Pivot Cloud Platform innovative trained AI model will enable the claims process shorted by 10 – 25% by learning with ‘Process Insights’ and creating suggestions to Claims offers with ‘proof of past cases’ from previously gone through underwriting process. The complex process of exact circumstances for the successful or unsuccessful claims are learnt and AI will have capability of acting as ‘personal underwriter’ for claims officer.
Cobol Rules Mining
Pivot Cloud Platform “Rule Mining”, an innovative trained AI model, that will enable the System analysts and developers as well as process engineers to retrieve and verify business rules set in the deep down COBOL or PL/1. With unique non-disruptive set-up, Pivot Cloud Platform allows the users to query any complex rule they would like to know along with all the pre-conditions and prerequisites for the rules. Complex rules will be extracted once the AI has sufficient data accumulated and analysed.