Ultima for Health Insurance

Due largely to a decline in the number of subscribers for individual health insurance, providers are increasingly stimulating their target market with more innovative products, often basing their underwriting on 'lifestyle' and on an individual's habits and commitment to health.

As an increasing number of providers choose to underwrite in this way, a number of challenges are created in adapting old and inflexible health insurance systems to meet such requirements. Ultima has been designed to accommodate the changing needs of the industry. Its unique Business Configurator tool enables products to be configured exceptionally quickly with very little IT support resulting in a much faster speed to market.

Total Systems recognises that supply chain management is an integral part of both group and individual health insurance policy management and one where many insurers are constrained by outdated and unnecessary manual processes. The need to interface to external resources and systems is intrinsic to Total Systems. Given our experience in the UK healthcare market, Ultima has the proven ability to link any service providers and medical resources to ensure maximum efficiency through the life of the policy.

With just over one in ten UK consumers having Private Medical Insurance cover, the market is open for exploitation by any insurer that is able to offer innovative products at low prices. It is therefore imperative that insurers mitigate the risk to the profits by improving efficiency in their systems and processes in order to drive down costs in policy management and claims processing.

Here are just a few of the business benefits of the Ultima Healthcare system: