The insurance industry is seeing a massive technological overhaul and owes this rapid shift to changing business models, renewed product centricity, and evolving customer expectations.
Latest market trends suggest that Core Platform Transformation and Consolidation has surfaced as the top priority for Property & Casualty and Life & Annuity insurance carriers. This revamp has risen mainly due to legacy systems in need of transformation, the need to significantly improve system value chain and offer better, unified experiences to enterprises as well as its customers.
Coforge sits at the helm of revolutionizing insurance providers and financial institutions by addressing aging business processes, quality of data, and the accompanying technology architecture that may need a retrofit. Our focus on Core Platform transformation includes policy administration systems, billing systems, claims systems, reporting systems and surround systems.
Core Platform Transformation and Consolidation changes
Coforge’s experience in Core Platform Modernization and Transformation helped create an industry-focused framework that delivers the best business outcomes while optimizing costs and business functions. Our framework offers the following business solutions for our clients.
Expected Business Outcomes
Our Life &Annuity Core Platform Transformation Services Framework is as shown below
Benefits
Over the period of our engagement with various clients, we provided an entire spectrum of development and maintenance services using the dual shore model. Our offshore and onsite teams collaborated to implement new policies and convert legacy policy management systems for the required lines of businesses. We also engaged with our clients to provide the best quality assurance across an entire gamut of functional areas
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Fax: +91 (120) 459 2301
SEZ Developer Unit
Plot No. TZ-2 & 2A, Sector Tech Zone,
Greater Noida, UP 201308, India
Ph: +91 (120) 459 2300
Fax: +91 (120) 459 2301