NIIT Technologies, through its subsidiary Room Solutions, combines extensive knowledge of commercial insurance processes with IT expertise to build insurance software solutions that optimise the customer's business processes. The highly correlated flow of data through our integrated insurance software solutions and subsequently improved access to accurate information enable commercial insurers to gain substantial strategic and competitive advantage.

Through Room Solutions we provide solutions and services to the non-life commercial insurance markets (Insurers and Reinsurers) in London, US, Bermuda, and Continental Europe. Approximately 28% of the Lloyd's business is transacted through our platform Subscribe. NIIT Technologies offers the following Asset Based Commercial Solutions to Commercial Insurers:

• Subscribe-A Policy Administration System
• Exact Advantage-A Risk Exposure Management solution
• Acumen Advantage-An Enterprise-wide Data Warehouse Solution
• RFS-A Financial and Regulatory Reporting solution

 

ur solutions can work within-and between-the underwriting, reinsurance, claims, finance, compliance and IT functions. Our insurance software systems shown in the figure below have been designed to:

• Optimise the management of the entire policy lifecycle
• Be highly adaptable for use throughout a customer’s business
• Meet ACORD standards
• Be used in conjunction with other systems such as market trading platforms, actuarial analysis software and catastrophe models

The modules of the software suite can be implemented individually or integrated to create a complete enterprise-wide operational platform.  For more information visit: www.roomsolutions.net