Core Transformation for Insurance
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
This feature is upgradeable
For End Users
You can activate this feature and other links for ALL VENDORS with a VendorMatch Premium subscription. Additionally you can gain access to an increased depth of data, summary reports, RFX reports (detailed completed RFIs - available to financial institutions only) and comparison grids. Please click here for more information on Premium features.
For Vendors
Vendors can activate their links and gain access to analytics by upgrading to VendorMatch PRO. Please click here for more information
Speak with an analyst
Financial institutions and their advisors can subscribe to our Analyst Access* service. Effectively phone or (email) a friend you can have on tap advice and support provided by our analysts on this vendor, solution or solution category.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features
or contact us to discuss a subscription.
Subject to reasonable use.
Survey Summary
The Survey Summary provides a download of the vendor profile, solution profile and the VendorMatch Discovery survey vendor responses used to power the directory. All responses are provided by the vendor online.
Note that this report is a high level summary of the vendor's credentials and a solution's capabilities designed to assist with solution short-listing. The RFX report is the more comprehensive Request For Information report designed to support evaluation and selection, this will only show where the vendor has completed the "RFX" RFI.
HOW TO SUBSCRIBE
To protect vendor data only financial institutions and recognized advisors can subscribe to VendorMatch Premium. Please click here for more information on Premium features or contact us to discuss a subscription.
RFX Report
The RFX report is an XLS download of the Vendors response to the “RFX” Request for Information for this solution.
The RFX is a centralized golden copy of a RFI authored by our analysts based on their expertise in running real-life system evaluation and selection projects and completed by the vendor online.
Note to protect vendor that only Financial Institutions and recognized Advisor can subscribe to this feature.
In each instance the first time the link is used the user requests permission to access the RFX report and it is the vendor who is required to authorizes access. You will be alerted when the vendor has reviewed your request and granted permission.
HOW TO SUBSCRIBE
You can activate this feature with a VendorMatch Premium subscription. Please click here for more information on Premium features or contact us to discuss a subscription.
To learn more about subscribing to our service options, please contact us here
Overview
The widespread digital transformation sweeping across the insurance industry is forcing carriers to fundamentally change their business operations. Adopting new business models and building agility to respond to changing market dynamics and customer expectations are imperative to success. To achieve this, carriers must have access to core systems that are robust and well connected to the ecosystem. The systems must be flexible enough to grow and change on demand and have the ability to tap into new computing trends. They must also be able to easily adapt to technology advancements and accelerate updates to existing software. Replacement of core systems, when necessary, must be managed quickly and efficiently, without prolonged deployment schedules affecting business continuity.
Mindtree’s Core transformation offering helps insurance companies transforming core legacy platforms to modern systems involving implementation of Policy, Billing and Claims components, migration to target systems and accelerate innovation in the cloud.
Our offerings include transformation to Duck Creek suite as the core system for P&C insurers combining it with other best of breed solutions, including Microsoft Dynamics and Power BI. Deployed on Azure cloud, it provides an advanced insurance platform that not only supports existing business needs but also enables organizations to easily scale their digital transformation initiatives to the next level.
Our offering for L&A insurers on the Group portfolio includes implementation of our partner Vitech's Core Administration platform catering to Group, Voluntary and Worksite benefits. Our deep domain expertise in Group and voluntary benefits compliments this partnership.
Mindtree offers insurance carriers an integrated and customizable software and services suite covering all aspects of the business for greater agility, efficient business operations and cost advantage. It provides the Mindtree advantage of proprietary tools for accelerated deployment as well as proven best practices for proactive management, governance and managed services delivery.
Our expertise in transformation is enabled by our partner ecosystem which includes:
- Duck Creek
15+ years of partnership
Strong experience – 100+ implementation across Policy, billing and claims
Differentiation through strong collection of Duck Creek accelerators
Aligns with Microsoft strategy
Focused on SaaS aligning with Mindtree’s focus on Cloud
- Vitech
Leading administration platform for Group, Voluntary and Worksite benefits
Experience integrating Vitech with the Digital Channels for a leading Life Insurer
Our deep domain expertise in Group and voluntary benefits compliments this partnership
Key Features
Core transformation offering encompasses pre-built, third-party integrations, deployment, hardware/software maintenance and upgrades, hosting and cloud operations, infrastructure, governance, and post deployment support services. Salient features of the offering include:
- Pre-configured for core operations and ready-to-use integrations for faster rollout
- Configurable to individual business needs and local market regulations
- Personalized user experience for internal users, agents, brokers and the insured
- Omni-channel triaging capability for incident management including mobile, chat-bots and voice-based support
- Integrated data analytics and reporting interface for real-time analytics
Key technical features of the solution include:
- Integration with MS Dynamics for channel, lead and supplier management, producer on-boarding, BPM applications, CRM, workflow and case management functions.
- Integration with Office 365 to support various business functions, including marketing & sales, billing & payments, claims management, customer service and channel management.
- Custom modules built on Duck Creek platform for customer portal and distribution/ agent portal using My Account Portal accelerator and mobile apps
- Integration with Microsoft SharePoint for document management
- Access to Duck Creek Insights for reporting and analytics with additional accelerators from Mindtree for enhanced features and functions using MS Power BI
- Ability to sync with Chatbots/Voicebots using Mindtree accelerator built on Microsoft BOT framework
- Mindtree accelerators to integrate with a number of third-party data and service providers and payment gateways for straight through processing (STP) of policy underwriting, claims processing and billing functions
Key Benefits
Our core transformation solution brings together Mindtree’s industry leading analytics, software, and support solutions on variety of COTS core business applications. This comprehensive offering drives several benefits including:
- Cost effective alternative to complex core system transformation
- Single vendor, ready-for-deployment, bundled approach for faster time-to-market
- Comprehensive cloud-based innovation and connectivity for small to mid-size insurance carriers
- Accelerated approach to integrate and launch new lines of businesses
- Ability to stay current through auto-updates of content and upgrades
