Cloud Services


Cloud Strategy – a holistic approach

For today’s business, success comes from being able to experiment, adapt, analyze, and collaborate at speed – insurers are no different. The insurance industry is increasingly relying on digital technology to develop new products and services, assess claims, and deliver a seamless customer experience. The recent pandemic highlighted the need to operate in real-time – upending old standards to the new normal.  

For instance, considering the reduction in work commute, should an insurer issue partial premium credits or discounts on auto insurance renewals? Or should home/property insurance premiums be increased? Such real-time insurance decisions require data, processes, and technology to work in cohesion. None of this will be possible without flexible architecture and an adaptable core that allow for a variety of data elements/definitions, simple rules, and easy-to-use portals and tools.

With multiple data sources, the cloud is instrumental in collating and analyzing data in real-time, allowing insurers to personalize the user journey. In an increasingly competitive global insurance market, it is evident that insurers who increase speed to drive business outcomes and continuously innovate are the ones to prevail.

A new wave of cloud-based solutions

As digitization reaches the breadth of the insurance value chain, the cloud is increasingly viewed as a critical business asset. Enterprises that leverage emerging technologies such as artificial intelligence, automation, connected devices, and communication platforms – benefit from an integrated cloud modernization strategy. 

In our varied experience, we have seen that core system transformations have been a primary concern for insurers considering the move to the cloud. With a holistic cloud model, insurance organizations can build strong foundational cloud capabilities and then move to the transformation of specific business areas. 

 

Cloud in Insurance

Coforge – Your Insurance Cloud Partner

Now more than ever, insurers are focusing on building a future-proof IT infrastructure. At Coforge, we design and develop powerful cloud-based solutions leveraging our portfolio of insurance capabilities. Our solutions meet the changing needs of the insurance industry, serving the full spectrum of your business and delivery channels. 
Coforge’s Journey to Cloud is an integrated, industry-focused, application, and infrastructure-enabled set of services that helps Insurers move their businesses swiftly and safely to the cloud yielding tangible business outcomes. 


Over the years, Coforge has delivered tailored cloud strategies and solutions enabling:

  • faster release cycles, 
  • improved capacity,
  • increased agility and flexibility,
  • accelerate time-to-market,
  • enhance security, and
  • access feasibility across devices – critical to tap into today’s always-on clientele.
     

On the product development front, cloud solutions have helped provide micro-related products. Our solutions cover niche areas such as umbrella policies that are often distributed through several channels, in turn increasing reliance on strategic partnerships through multi-channel distribution.

With our deep transformation and integration capabilities, experience with diverse underwriting and policy administration platforms across industry-leading platforms, both legacy and COTS; Coforge’s Journey to Cloud Offerings are well poised to tap into all stages of 360 customer lifecycle and accelerate your cloud transformation through robust industry frameworks and proven methodologies across public, private and hybrid cloud solutions - directly improving customer service and brand loyalty, a true differentiator for today’s insurers.

Want to know more?  Contact our cloud representative today!

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Coforge Inc.

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502 Carnegie Center Drive
Suite #301
Princeton, NJ 08540
Ph: 770-290-6113

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Coforge UK Ltd.

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Ph: 770-290-6113
Fax: +44 (0) 20 70020701

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Ph: +91 (120) 459 2300
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Plot No. TZ-2 & 2A, Sector Tech Zone,
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Ph: +91 (120) 459 2300
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