Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Insurers today face revenue pressures, increased competition, and a business environment fraught with potential financial risks. In such a dynamic environment, complex legacy-system transformations are challenging and chancy. Business process management (BPM) technology, however, can be an excellent fit for insurer processes and interactions that span across many people and systems. Moreover, BPM systems present an opportunity for continuous improvement of those processes and interactions without radical or disruptive reengineering exercises. The main obstacles to greater BPM acceptance are the many myths and misconceptions that abound regarding the negative impacts of large-scale process reengineering or redesign. The equation for BPM effectiveness includes standardization, exception management, rules management, and access to composite applications.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?


Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.