NIIT Technologies has a well-defined methodology for evaluating different products to identify the best fit for the business needs of an insurer. This methodology revolves around the following key parameters that need to be considered in such an evaluation:

• Functional Fitment/coverage
• User Friendliness/Ease-of-Use
• Technology, Scalability, Reusability, Resilience, Interoperability, Security, Data Management, Productivity Aids, Componentisation, Audit Controls
• Vendor Profile, Support, Financial Strength, Market Reputation
• Interfacing Capabilities, the ability to interface with external applications and tools
• Costs related to Software, Hardware, Customisation, Implementation, Training, Maintenance and Upgrades

Success stories

Evaluation of a target policy admin platform
We have undertaken an Evaluation and Selection of a Target Policy Admin platform for a large Fraternal Benefit Insurer undergoing a Platform Consolidation programme.