Insurance Solutions |
Patni’s customizable solution framework is used for the development or modernization of insurance applications. Currently, the framework supports application components for Life new business processing and LTC claims but can be extended to support other business lines and functions.
Based on SOA and built using Patni’s proven methodology, the application components are architected to integrate with existing custom or packaged applications within a company’s systems infrastructure. The components incorporate state-of-the-art Business Process Management and Business Rules technologies, as well as a robust Insurance reference model that covers all lines of business. The framework also includes an integrated business intelligence and analytics capability that supports insurer governance needs for business insight, performance metrics and audit capabilities.
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| Life New Business Fulfillment |
| These new business solution components help life and annuity insurers: |
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Streamline and automate application and underwriting processes for new business |
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Create transparent and manageable business logic |
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Capture, validate and consolidate critical internal and third party underwriting data |
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Enhance existing applications with new BPM and workflow capabilities |
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Provide a platform for consistent new business acquisition across products and business lines. |
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| LTC Claims Framework |
| The Long Term Care Claims solution will provide the following benefits: |
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Integrate claims processing with the Plan of Care |
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Create transparent and manageable business logic for consistent and accurate claims adjudication |
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Provide standard claims reporting and enhanced claims analytics. |
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