IBM unveiled a packaged software offering to help insurance carriers boost client service, increase agility, optimize business efficiency, and better manage risk.

With advanced analytics and process optimization and collaboration capabilities, IBM's Insurance Industry Framework is designed to help insurance companies automate their processes and turn raw data into actionable intelligence for smarter decision making.

Built on open standards technology, IBM's Insurance Industry Framework provides the base upon which insurance carriers can upgrade and transform their business models, without ripping-out and replacing legacy technologies. Connecting disparate systems across the enterprise and exposing key information to their distribution channels in a coordinated fashion, the framework enables a company's progressive transformation with proven technology capabilities already employed by dozens of insurance institutions.