The Life and Annuity insurance industry players over a period of decades have acquired or merged with various similar carriers and consequently, the system landscape has grown phenomenally to an extent that the insurers now feel the need to consolidate multiple and duplicate systems. Analysts have brought out more disadvantages like system complexity, ageing PAS systems, cost-ineffectiveness in maintaining and upgrading systems, frequent and prolonged outages, which virtually erase out the competitive edge from other carriers in the market.
Backed by more than a decade’s experience in providing a single insurance platform as a solution for multiple and duplicate policy administration systems (PAS), we have undertaken several migrations and delivered committed benefits to the clients. During this journey, we have designed and processed how to migrate multiple PAS systems to a single PAS system, bringing huge benefits to the clients by reduced complexity and maintenance costs while optimally using skilled resources and focusing on newer and prioritized objectives. Our technology expertise spans the areas of Application Development, Application Maintenance, Testing and Migrations.
We have also built expertise and mastered the art of migration for various Life & Annuity platforms and applications, The Administrator, and wmA. We have also packaged a bundle of skills and tools to design unique methodology for packaged implementation, policy conversion, and comprehensive testing through our certified domain and technical experts. We have been one of the trusted partners for various L&A clients.