Insurance Application Development and Localization

Adopting New Technologies into Insurance Application Development

The insurance industry is undergoing a historic period in its evolution. New competitors from other financial service sectors, new consumers, new regulations, and new technologies are dramatically changing the way insurance companies do business. To compete, insurance companies are adopting new technologies, including Web-based services and Service Oriented Architectures (SOA), that help them serve policyholders faster and more efficiently. To leverage these and other advantages, companies must overcome a range of technology challenges, including integration of new architectures and messaging standards with legacy back-end systems.

Like other financial service providers, insurers are facing a growing list of regulatory requirements. And they face the added challenge of serving an increasingly multi-cultural customer base. To grow their market share, companies must deliver culturally appropriate promotional and service information in multiple languages.

Having an experienced partner with proven insurance industry expertise, integrated development and localization capabilities, and global scale can make all the difference. Lionbridge is helping the world's leading insurance companies achieve their globalization objectives with:

• Application development, testing, integration, and localization to provide the fast, secure, reliable technology platforms insurers need to run their businesses, on an outsourced basis; Lionbridge develops Service Oriented Architectures (SOA) and applications frameworks, including Web-based applications, with the flexibility to grow and adapt to meet changing business requirements; And we provide application localization to leverage applications across multiple regions and languages
• Application maintenance and data warehousing services to reduce the cost of maintaining legacy software products and data assets, freeing in-house staff to focus on core IT tasks
• Content localization services that leverage our industry expertise to provide the full range of insurance communications — from promotional literature to employee communications, training, and Websites — to ensure clear, effective communication across multiple languages, while adhering to corporate brand standards; Lionbridge also provides detailed cultural assessments to ensure messaging is appropriate for each region and culture
• Process optimization services to help insurance companies manage risk effectively and efficiently; Lionbridge helps establish and streamline processes for achieving and maintaining compliance with regulations, including Basel II, U.S. Patriot Act, and more

Lionbridge provides the scalability to manage projects in multiple global markets simultaneously, without increasing the burden on in-house staff. And we reduce cost and complexity by providing a single, flexible source for a wide range of content and technology localization services, for markets around the world.