apex systems Your Long Term Partner

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apex systems - Your Long Term Partner !
ACORD Seminar
K.Govindarajan Vice President(Operations), apex
systems japan
February 5th 2003
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Why Apex ?

• The compelling factors
• The Customers
• Mitsui Sumitomo Insurance, Allianz, AIG, AXA,
  RSA, etc
• The People skills
• 3 Is Insurance, Information Technology, India
• The Advisory Board
• Senior Management from Worlds largest
  Insurance groups
• The Investors
• IDA, ASC, ORIX, etc.
• The Focus
• Domain Life, Non-Life, Reinsurance, Medical,
• Technology
• Your Future

Assuring Innovation for eSurance
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Japan Vs United States A snapshot comparison

• Japan
• Lower IT spending
• in spite of
• Huge Integration / Interfacing costs
• IT spending more on maintenance
• than on strategic new initiatives

Material Best AggregatesAverage 1996 and
insurance statistics 1996 Hoken Mainichi
98/5/22?Willagency survives?(1)?Takashi Ohashi
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Japan Insurance IT

• Typical Insurer

• 90 product offerings often implemented in
  disparate systems
• LOB specific, Channel Specific system
• 50 Channel and other Interface Formats
• Agency, Broker, Customer, Group Billing,
• 20 Hardware systems for moving data

• Old Mainframe Systems 20 years history
• Lack of Prevalent Standards lead to high
  integration costs
• (Witnessed during the recent mergers)
• Urgent need to adopt standards

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Integration Spaghetti
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Process Centric Integration
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New IT Platform
Component based
X-GEN eLIFE X-RE X-VISION
100 Java
Standards Compliant
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Apex Commitment to ACORD

• Standards Implementation Consultancy
• Project Consultancy
• Offshore Software Development based on ACORD
  standards
• Enterprise Application Integration based on ACORD
  standards
• ACORD Compliance for our components (in progress)
• XML based Interface standards between components