Insuranc & Finance

We work with leading payers to increase productivity, create more efficient processes, and harness the power of data to improve healthcare outcomes

OVERVIEW

KEY OFFERINGS

KEY BENEFITS

INQUIRY

OVERVIEW

Life insurance is based on relationships, trust, dependable service and robust investment strategies. Syntel provides insurers with an inclusive set of solutions.

KEY OFFERINGS

Core insurance services including implementation of commercial and custom-built product platforms like VANTAGE, RPS, Cyber Life, LifeComm, LANMARK, LIFE/70, nBA, NBU, wMA, Exceed J, CSC Series III, SAP IS and Oracle Adminserver
Legancy modernization services
Automated BizOps for Insurance
Big Data based predictive analytics framework
Regulatory compliance
Multi-state roll-outs for leading life and annuities lines of business
Rules engine deployment for improved underwriting performance
Domain-focused testing with a test case repository to accelerate test planning and design, and reduce dependency
Insurance forms management centers with accelerators to improve productivity for forms management

CHARACTERISTICS OF INSURANCE Sharing of Risk Co-operative Device Value of Risk Payment at Contingency Amount of Payment Large Number of Insured Persons

FINANCE STRATEGY Finance Transformation Strategy Finance Service Delivery Model Finance Effectiveness Benchmarking Sustainable Cost Reduction Finance Integration and Transaction Support

FEATURES OF INSURANCE Insuranc is not an investment rather it is a hedge against the future probable losses. It gives you the comfort that in the event of any loss from unforeseen events will be compensated by the insurance companies. One has to pay premiums regularly to the companies providing insurance in order to enjoy the benefits of insurance. Insurance policies can be modified and offered to people depending on their risk profile and the need of the insurer.

PREDICTIONS FOR THE FUTURE OF INSURANCE & FINANCE The future life insurance customer will be an online shopper Life insurers will focus on digital access to their products Faster transactions times Online cost comparison A decentralised, global future for payments Peer-to-peer lending will reduce bank deposits

KEY BENIFITS

LIFE INSURANCE OFFERS YOU FOLLOWING BENEFITS

Life Cover
Long-term Savings
Life Stage Specific Planning
Tax saving