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Insurance Industry China XXX Insurance Company Limited China XXX Insurance Company Limited is one of the largest insurance companies and one of the world top 500 companies. It is a company with a long history and tremendous strength. It acts as leader of the insurance market in China all the time and is praised as the mainstay of the insurance industry of China. China XXX Insurance Company Limited is of the same age as People’s Republic of China and one of the companies firstly doing insurance business. It shoulders heavy responsibilities of the exploration and expansion of the life insurance industry of China. It has experienced half a century long of development. Based on long-term development and accumulation, China XXX Insurance Company Limited possesses powerful strength that can compete against the whole world. Its total market value is No. 1 in all the listed insurance companies of the world. Challenge As the most valuable partner providing on-site service of China XXX Insurance Company Limited, in the recent 12 years, JSL experienced the worsening problem of work. Indemnity Claim Center need process thousands of claim bills. Finally office workers had to manually check the bills inefficiently. The time of turnover was almost up to 2 weeks and the payment deadline was up to 15 days. At the beginning of renewal with the insurance company, JSL found a favourable turn and more efficient business processing. At the same time, the insurance company decided to scan the insurance contract into electronic files, which would need updated system and technology. “Our business was greatly improved in the last 12 years, but our partner JSL was never changed,” said HR director Ms. Bai, “we are about to execute document management outsourcing, which will need reconstruction of infrastructure.” Settlement JSL made a strategic assessment for the cycle of documentation to increase understanding of the processing of the insurance of important documents. Based on the data, we captured all stages of the documentation cycle, including the original investment, documents scan and retrieval. With the information, JSL offered a document management scheme that provided suggestion on improvement of work processing and efficiency. The scheme included equipment updating, automatic system and applications. This technology has been recommended to many key customers of JSL. It is a scanning imaging system based on web server and facilitates the customers’ visit and retrieval. It was a combination of scanner and printer that could automatically recognize bar codes and could ensure right printing of the address of receivers. Paper shredder of a commercial confidential level could eliminate junk files quickly. This comprehensive reform for document management perfectly solved the problems of the insurance company. Mr. Luo said, “JSL brings two notable benefits to us, remarkable service and abundant professional experience.” JSL’s professional experience ensured the equipments played their roles to the fullest extent in the insurance company equipped with updated equipments. Result 5 months after implementation of the scheme, the scan system monthly saved approx. 8000 Yuan for the insurance company while the operating cost was decreased by 80%. High-speed automatic processing system reduced the number of staff and time, and there were as many as 50,000 mails monthly sent out from the insurance company. For sales promotion, JSL’s bar code system could insert related information and sales promotion. Through data feedback, the insurance company could track the information better and grasp potential customers exactly. That made the long-term target of the company operable. The user was deeply impressed by the maintenance and repair of the equipments. “They acted positively since the first day,” said Mr. Luo, “We are a double win combination. Cost of our department is being decreased while the budget is lowered as well.” |
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