A survey done by leading industry analysts shows that most insurers are not prepared to handle the disruption coming from the other market players, such as car manufacturers and technology providers (for mobile apps, sensors, and mobile phones). Even those organizations that have begun adopting digital technologies are struggling to fundamentally transform their existing value chain for various reasons, including very few (one or two) interactions between the insurers and their clients, mostly during renewals or submissions of claims. Digital disruption will force business and IT leaders to establish an ecosystem of partners to transform and extend their insurance value chain.
The key challenges faced by the insurance industry are numerous—the rise of new regulations (aimed at protecting customer privacy, strengthening insurers’ solvency, and containing fraud), as well as the need to achieve effective use of Big Data and implement innovative solutions to meet the evolving customer dynamics.
NIIT Technologies offers an entire suite of IT, BPM, and Digital Services to cater to the evolving needs of the insurance industry. In addition, we have a range of flagship products for Property and Casualty insurance.
Over the past two decades, we have built deep and enduring relationships with global insurance players across geographies. Our subject matter experts have deep domain experience in delivering solutions across different platforms and technologies, ranging from the tried and tested to the upcoming. Our service offerings primarily include legacy support and maintenance, legacy modernization, predictive analytics, portals, mobile apps, and the Internet of Things.
Insurance is the second highest revenue-contributing vertical, with more than 50 customers globally. Our service offerings cater to the following segments:
Our services include:
- Application development
- Application support and maintenance
- Core system replacement and support
- Platform consolidation
- End-to-end Testing (Functional, Non-functional requirements, mobile, etc.)
- Digital services (portal development, analytics as a service, mobile app development, and testing)
- Infrastructure management services
- Full spectrum of ITO-BPO-Managed services
Our flagship product AdvantageSuite, catering to the P&C and RLC segment, includes:
- Navigator: New age policy administration system
- Exact: Catastrophic risk exposure management system
- Acumen: Enterprise data warehouse system
Connect with us: firstname.lastname@example.org