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Non Life Insurance

To stay competitive in an environment of heightened competition and low investment returns, the Non-Life industry needs enhancements in operational efficiencies and customer service. This can be achieved through better services across more channels, and at lower product price points.

At NIIT Technologies, we help insurers rethink and transform their business models towards better efficiency and profitability. Our “Focus & Differentiate” philosophy helps our clients exceed business goals.

Key Features

  • New Business
    • Enrollment and fulfillment
    • Premium processing
    • Underwriting support
    • Exposure assessment
       
  • Policy Administration
    • Policy setup and issuance
    • Policy maintenance
    • Premium management
    • Policy cancellation
       
  • Claims Administration
    • Claims reporting
    • Claims screening and adjudication
    • Claims payments and settlements
    • Claim closure
       
  • Reinsurance
    • Reinsurance placement and processing
    • Premium accounting
    • Claims administration and processing
       
  • Geocoding
  • Works in conjunction with other systems such as market trading platforms, actuarial analysis software, and catastrophe models

Business Benefits

  • Optimizes policy lifecycle management
  • Highly adaptable
  • Conformance with all market regulatory and compliance requirements including ACORD