Life insurance companies deal with several challenges, including falling sales and incomes. The factors contributing to this include the global economic scenario, intense competition amongst insurance companies, increasing customer expectations, and climbing regulatory pressure. Insurance companies need effective ways of managing their core insurance business processes, in the form of solutions which are tailored towards addressing the specific challenges they face.

NIIT Technologies' insurance team partners with leading insurance companies across the globe to deliver insurance solutions that demand deep domain expertise and technological competence. Our team of insurance business consultants, backed by a team of over 1,000 technology professionals, works closely with global insurance companies providing them with solutions across geographies while leveraging a dual-shore sourcing model.

Key Business Areas

We enable our clients to align their IT infrastructure with their business requirements, using solutions in the following core business segments:

• New Business Acquisition and Processing
• Underwriting
• Policy administration
• Re-Insurance
• Claims/Payout Management

Our Services

Besides providing application re-engineering, development, maintenance and testing services, NIIT Technologies offers specialised services for:

• Migration of legacy applications
• Web-enablement of legacy applications
• Dealing with consolidation complications
• Meeting compliance requirements (SOX/Insurance regulations like 403(B) regulation changes)
• Providing end-to-end support to policy admin systems
• IT alignment during mergers
• Data masking and depersonalisation