Innovating Insurance: Two decades of delivering digital transformation
The insurance sector has long been hindered by bureaucracy and archaic systems, preventing it from embracing the full potential of digital transformation.
DB Results is positively disrupting the insurance and financial services sector through true innovation and transformative solutions including the DB Results Policy Administration System (PAS). Working with customers in the health, life, general, and group insurance sector, we provide end-to-end digital solutions that drive business results, and our customers are reaping the rewards.
20+ years’ experience in executing digital transformation in insurance
Extended offerings with holistic solution with the cloud-native, low-code and low complex policy administration system (PAS)
Replacing and digitising traditional legacy systems
Solutions catered for Super Stream integration, APRA and ATO Regulatory reporting and IFRS 17 standards
Building solutions on systems that deliver business value faster
Our insurance solutions are powered by OutSystems, designed to enable rapid, agile and continuous development, as well as delivery and management of all your applications. With OutSystems, we deliver standout projects in record time and for a fraction of the cost, so you can focus on what you do best.
Unleash the Power of Innovation with DB Results Insurance Policy Administration System
DB Results introduces a revolutionary Insurance Policy Administration System (PAS) solution that is empowering insurers to break free from complexity, maintenance and compliance costs, and save time.
Say goodbye to lengthy and exorbitant processes, and say hello to streamlined compliance, real-time transactions, and enhanced customer experiences. Automation and productivity will improve, as our PAS solution moves you towards a future of efficiency and success.
Approved by Australian regulators, our PAS leads the way as a cloud-native and low-code policy administration ecosystem. Incorporating robust security measures, it has been meticulously engineered to meet the exacting demands of the insurance world. And the best part? Implementation can be accomplished in a mere three months, shattering the norm of resource-intensive endeavours that could drag on for up to 24 months and tens of millions of dollars.
As Australia’s leading digital business and technology provider, DB Results is transforming the insurance industry, empowering insurers to deliver superior customer outcomes, maintain robust compliance, and improve business efficiency.
Technology that delivers real business outcomes
Policy Administration Systems are the backbone of the insurance industry. However, the cost of doing business with legacy PAS is high – reliant on expensive technical vendors and maintenance, difficult to maintain compliance, and slow at responding to industry change. As corporate Australia grapples with increased cyber risks, data and privacy challenges have also come to the fore.
An agile core PAS enables business to combat market pressures, drive greater value and achieve strategic advantage. It also offers substantial savings as it reduces operational costs by unlocking flexibility to respond to market requirements.
In collaboration with the insurance industry, DB Results has developed a purpose-built, secure cloud-based solution that delivers a competitive advantage and meets the evolving needs of today’s insurance sector.
Customer Integration Partner
At DB Results, we drive insurance transformation at speed. Insurance transition and transformation programs are a core skill set and specialty for our team. As a results-driven partner, we have demonstrated success delivering transformation projects 3 to 5 times faster through our market leading digital acceleration platform. We are the only team to have successfully delivered 6 parallel migrations on to a 20-application insurance ecosystem in Australia.
With DB Results, you have the right team and capacity to support your program without compromising on quality in a resource constrained market. We are here to deliver with our insurance customers as a strategic partner.
Learn more about how we can support your transformation here.
Project Rescue
The financial services and insurance industry is navigating a period of unprecedented change, including consolidation, tightening regulation and compliance, and heightened pricing pressures. Working with a trusted partner to guide the journey can be make or break.
Whether your project has stalled or failed to land, the DB Results team is equipped to come to the rescue and get you back on track – turning something salvageable into something incredible.
Our Success In Insurance
DB Results developed, delivered, and implemented the first cloud-native, low-code Policy Administration System (PAS) on the Outsystems low code platform for Resolution Life Australasia.
The solution was delivered as part of a complex separation program and resulted in substantial cost and time efficient benefits.
DB results has the product and operational experience combined with knowledge of the Outsystems stack which made them the ideal partner.
We were able to resolve legacy system challenges and deliver increased digital capabilities.
Resolution Life are now working with DB results for a second migration of our recently acquired, AIA Australia Super and Investments business.
We look forward to another successful migration.
Peter Histon, Chief Information Officer, Resolution Life
Key benefits:
- Speed to Market for new products and updates leveraging re-usable IP, assets and accelerators
- Modern Application on low-code platform resulted in lower costs and more efficient operations
- Improved Employee and Customer Experience from modern design
- A single platform to address business challenges and operating needs
Why partner with DB Results
We have substantial experience providing insurance solutions to some well-established insurance companies in Australasia. We have helped customers transition and transform their insurance systems and demonstrated success in delivering transformation projects 3 to 5 times faster through our market-leading digital acceleration platform. We collaborate with you to deliver holistic solutions, to ensure your business remains relevant, agile and viable.
Partner with us to realise:
- We identify, address and solve pressing business strategy and digital transformation problems
- We turn strategy into reality with a dynamic, end-to-end solution
- We implement effective change management across entire organisations
- Our approach is personable and authentic
- We tailor our transformation approach based on the unique needs of each client
- Our IP and methodology results are based on 19+ years of experience
- Experience across multiple industries, including finance, health and insurance
- A purpose-led, B-Corp certified, Australian-headquartered business
Transition to a contemporary platform with DB Results
We work with you as strategic partners and offer extensive experience as a digital business consulting and technology provider.
We have deep expertise and insights into the complexities, challenges and opportunities insurance companies face today, and we deliver business solutions that drive successful results.
We empower our customers through every step of the journey from strategy to reality, and provide end-to-end capabilities to own and evolve business capabilities. From the services we offer to the products we innovate, we focus on what works for each business customer and how we can deliver genuine change.
Contact us today to learn more about our Insurance Policy Administration System services.
Unlock the value of your data with DB Results
The expert team at DB Results is dedicated to helping you take your business to the next level. They’ll guide you to make enhanced business decisions, stay ahead of the competition, boost profits. Please complete all fields in the form below to connect with an Insurance Solutions expert today.
