Platform Expertise - Champions In Legacy And Modern Platforms
Life and Annuities service providers are constantly battling rising IT costs due to multiple disparate policy administration platforms, inflexible systems, lack of policy roadmaps, and evolving customer expectations.
We bring you an entire suite of IT and BPO services closely aligned to industry regulations, with digital capabilities for omnichannel experiences, and expertise across market-leading policy administration systems (PAS) and other peripheral systems. Our range of services ranges across the product lifecycle, focused on process and IT simplification, decommissioning and platform consolidation, application portfolio assessment, application management and support, legacy support and maintenance, and legacy modernization.
Our offerings in the Life and Annuities space include:
- New business and underwriting: This primarily includes interfaces with third-party administrators (TPAs), life underwriting framework, adjudication and rating, and the management of the underwriter’s desktop.
- Policy administration: This primarily includes policy issuance, collection and billing, cancellation and reinstatements, policy change and endorsements, renewal management, and claims management..
- Reporting and statements: This covers MIS and regulatory reporting.
- Sales and marketing: This includes commission and incentive management, distribution channel support, agency management, and agency portals.
- Accounting and compliance: This covers tax compliance, management of financial accounting, agency contracts, reconciliation, and reporting.
Our domain leadership and a technological edge empowers us to deliver innovative solutions tailored to every customer in the Life and Annuity insurance industry.
- Flexible and evolving engagement models
- Proven expertise as a third-party product implementation and support partner
- Vast experience in legacy modernization, support, and maintenance
- Strategic alliances with key technology solution providers to offer niche innovative solutions
- Demonstrated track record of operating in multi-sourced environments
- Partner of choice for mid-size and large insurance companies