Overview
Global economies are slowly starting to recover in an environment that continues to be fraught with uncertainty. In such a business environment, insurers are now faced with new paradigms such as diversified channels, varied distribution, and changing demographics which coupled with the technological realities—costly legacy applications, limited budgets—has resulted in the need for improved return on investments.
There is also significant competition both from other insurance companies and financial services segments, as well as the stringent regulatory environment to contend with. Therefore it has become crucial for insurers to improve bottom-line operational efficiency and drive top-line growth, while meeting the needs and expectations of customers and distributors, and responding to increasing demands for business transparency. Insurers are seeking to focus on growth and improved customer experience and also revamp business processes and creating new IT-powered products to be leaner and meaner entities. They are looking to partner with solutions providers with a deep understanding of the business and leverage their domain knowledge, skills and technical expertise.
How can NIIT Technologies help you?
At the core of NIIT Technologies is the commitment to deliver tremendous business value to its customers. For over two decades now, NIIT Technologies has been enabling insurance companies around the world to meet the dynamic business challenges and improve business performance. By drawing on the full breadth of domain expertise and technological capabilities, we have helped insurance companies implement solutions designed to go beyond addressing immediate problems to delivering sustained positive business impact.
Our services include end-to-end solutions for the following lines of businesses:
The Insurance practice of NIIT Technologies has nearly a thousand dedicated personnel. They comprise industry experts with deep domain understanding, expertise on legacy as well as modern platforms, efficient services and frameworks, and experience in implementing industry standards such as ACORD. We have developed insurance specific IT Services, Infrastructure Management and Business Process Outsourcing solutions to empower insurance companies to grow their business while streamlining operations and ensuring compliance. We assist our clients in achieving their business goals through:
- Solution accelerators in the form of frameworks and processes, on-demand services and legacy modernization
- Integrated IT & BPO solutions
- Integrated consulting offerings for all insurance lines of business including ICD-10 assessments in the healthcare space
The full spectrum of our offerings is given below:
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Benefits
Our insurance experts have helped insurance customers
- Gain significant cost savings by integrating processes, and removing redundancies
- Enhance customer satisfaction by reducing processing time, improve underwriting results and quicken decision making
- Reduce time to market for new products by creating new channels rapidly
- Help companies migrate from or leverage their legacy platforms, and enable agile and flexible business systems
Awards
- Ranked among the “7 vendors who dominate Europe for General Insurance Policy Administration Systems” in Gartner’s industry research report, 2010
- Ranked # 3 among all global outsourcers in Black Book of Outsourcing 2008 Insurance Industry survey
- Received Accord Accomplishment Award
