With growing usage of telematics devices and “Pay as you Go” type products, the Insurance industry must experience and respond to Internet of Things (IoT) revolution firsthand. In addition, the industry is facing multiple challenges ranging from competitive market situations and evolving customer demands to technology driven disruptions like usage of mobiles and more stringent regulations. Navigating this environment with right strategy and partnership is key to success. We have more than a decade of experience across insurance segments and have been involved in many successful transformations with:
Property & Casualty Insurance
Life Insurance & Annuities
To navigate through the existing challenges and new opportunities and stay competitive, Insurers need to embrace digital at the heart of business strategy to drive innovation, growth, and efficiency. Insurers are developing differentiated strategies with innovative insurance IT solutions to carve out a sustainable competitive advantage.
Our Digital Transformation solutions help insurers improve customer engagement, create new business models, and launch innovative products by leveraging the power of data. Our integrated insurance technology solutions accelerate your journey to transform digitally by optimizing the potential of Digital Commerce, Mobile, Analytics, Big Data Cloud and Security. We deliver unique customer experience across distribution channels and improve customer self-service capabilities to boost profitability and growth.
Our holistic insurance IT solutions combine Big Data, Master Data Management, Data Integration, Data Quality and Predictive Analytics to provide a complete view of the customers, allowing Insurers improve customer service and cross sell/upsell products. With a range of data sources, effective customer analysis and impactful relationship strategies are delivered ensuring retention and growth.
We have partnered with InsFocus, one of the leading Insurance analytics platforms, providing robust data integration and reporting modules under a single platform. Backed by insurance specific domain models, InsFocus offer 400+ KPIs and 200+ predefined reports across business domain of sales, underwriting, actuary, finance and regulatory requirements.
With an increasing user base and fast changing technology landscape, carriers are forced to continue to add new technologies to their already complex technology environment. At the same time, due to competitive pressures, the need to reduce costs is very high. What our insurance technology solutions and frameworks do:
We offer comprehensive system audit services covering end-to-end analysis of technology platform with strong focus on ‘Suitability, Stability and Sustenance’.
Our expert resources utilize a set of customized in-house tools and proven methodologies to tailor our insurance technology solutions and services to the client’s specific business need and help them navigate frequently changing business risks. We provide an objective, independent assessment of IT systems with a proposed transformation roadmap.