an organizations tale of triumph to become a leading p&c insurance provider

to Become aLeading P&C

Insurance Provider

By Pyramid Solutions

An Organization's Taleof Triumph

Stateside Insurance is aFortune 500 provider

operating in all 50 states.

It had a solid track recordin the P&C market butwanted to improve its

competitive advantage.

Stateside had a problem though.

Stateside had a problem though.

Houston, Wehave a

problem...

Stateside had a problem though.

Houston, Wehave a

problem...

Their UnderwritingDepartment wasunder-performing.

Stateside had a problem though.

Houston, Wehave a

problem...

Their UnderwritingDepartment wasunder-performing.

Here's why:

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Jumping betweensystems of record andthird-party applications

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Jumping betweensystems of record andthird-party applications

Side-by-side documentcomparisons

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Jumping betweensystems of record andthird-party applications

Side-by-side documentcomparisons

Extensive searchingthrough documents tofind relevant information

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Jumping betweensystems of record andthird-party applications

Side-by-side documentcomparisons

Extensive searchingthrough documents tofind relevant information

Paper signatures andverbal approvals andconsent

Here's why:

The departmentreceives large

pieces of content invarious formats

every day without away to process it all

efficiently.

They're plagued bymanual activities:

Jumping betweensystems of record andthird-party applications

Side-by-side documentcomparisons

Extensive searchingthrough documents tofind relevant information

Paper signatures andverbal approvals andconsent

They heavily rely on the IT

Department tomake any changes

with the system-big or small.

Basically, they constantly feellike this

Basically, they constantly feellike this

Basically, they constantly feellike this

Basically, they constantly feellike this

To overcome these challenges, theyreached out to us -

To overcome these challenges, theyreached out to us -

To overcome these challenges, theyreached out to us -

Say hi to Some of the Team!

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide content

management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide content

management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.SAY WHAT?!

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide content

management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.SAY WHAT?!

Let me break it down for you...

A standardized plan to manage documentsacross the entire organization to get rid of

silos and individual contributor views.

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide

content management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.

A standardized plan to manage documentsacross the entire organization to get rid of

silos and individual contributor views.

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide content

management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.

An underwriting software thatautomates processes.

A standardized plan to manage documentsacross the entire organization to get rid of

silos and individual contributor views.

We knew in order for Stateside to become morecompetitive, it needed an enterprise-wide content

management strategy, solution, andimplementation roadmap that took them from

intake to completion for underwriting.

An underwriting software thatautomates processes.

A comprehensive project plan.

So what will all thatfancy stuff do for

stateside Insurance?

So what will all thatfancy stuff do for

stateside Insurance?

Great question!

1. Aggregates data from siloed systems of recordinto a role-based user interface.

1. Aggregates data from siloed systems of recordinto a role-based user interface.

2.Efficiently processes unstructured data andassigns it to underwriters.

1. Aggregates data from siloed systems of recordinto a role-based user interface.

2.Efficiently processes unstructured data andassigns it to underwriters.

3.Allows users to split large documents into smallerones, merge multiple documents into one, and re-index documents.

1. Aggregates data from siloed systems of recordinto a role-based user interface.

2.Efficiently processes unstructured data andassigns it to underwriters.

3.Allows users to split large documents into smallerones, merge multiple documents into one, and re-index documents.

4.Enables Stateside to define, manage and controlfunctional access by role.

5.Allows users to tag documents to indicatelocation and purpose and bookmark importantdocument pages.

5.Allows users to tag documents to indicatelocation and purpose and bookmark importantdocument pages.

6.Provides real-time dashboards that monitor allactivities in the underwriting process.

This ultimately led toStateside's underwritersimproving productivity by

30%.

How?!

How?!

Because these areasexperienced dramaticperformance CHANGES:

How?!

Because these areasexperienced dramaticperformance CHANGES:

REDUCEDCYCLE TIMES

INCREASEDCOMPETITIVEADVANTAGE

NO MORE JUMPINGBETWEENAPPLICATIONS

How?!

Because these areasexperienced dramaticperformance CHANGES:

REDUCEDCYCLE TIMES

INCREASEDCOMPETITIVEADVANTAGE

IMPROVED CLIENT & AGENT

SELF-SERVICE CAPABI

LITY

DECREASED

OPERATING

EXPEN$E$

MORE ACCURATECLAIMS ANALYTICS

NO MORE JUMPINGBETWEENAPPLICATIONS

It's safe to say Stateside was pretty happy.

It's safe to say Stateside was pretty happy.

To learn more about Pyramid Solutionsvisit PyramidSolutions.com.

Thank you!@PyramidECM#PyramidSolutions

Pyramid Solutions, Inc.

This was a fictional story created to demonstrate Pyramid Solutions' life underwriting solutions. Stateside Insurance is not a real insurance company or client.