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Proven expertise in Insurance Outsourcing services Patni combines broad subject-matter expertise in the life & annuities, health, and property & casualty markets with deep functional knowledge of all stages of the insurance life cycle and extensive expertise in applied technologies. With these arrows in our quiver, we’re able to deliver innovative insurance outsourcing solutions that provide measurable business benefits for our customers, whether on a legacy system or a modern, standardized platform.
Our insurance outsourcing services practice supports critical needs of the insurance industry by offering specialized services such as policy administration, agency management and claims processing. With our expertise in insurance outsourcing, we have helped many global Insurance majors improve efficiencies and focus their energies on their core business. For example, by taking advantage of Patni's domain experience in insurance outsourcing, the Guardian Life Insurance Company of America maximized the IT value it delivered to its business partners.
End-to-End Insurance Outsourcing Solutions
Patni's value proposition in the Insurance Outsourcing domain is an integrated IT and BPO service that focuses on improving the efficiency and bringing down administrative costs.
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Key Insurance Outsourcing projects
Patni has completed hundreds of insurance outsourcing projects for our customers. Some of the key projects we have implemented for insurers include: |
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A new business straight through processing system designed and implemented for a life insurer that reduced new business processing times by weeks and improved the experience and productivity of their customers and channel partners. |
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An “eTreaty” treaty automation application we developed for a reinsurance provider that reduced the process of generating a reinsurance treaty document from weeks to hours. |
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An application integration project we completed for a life insurer in which we employed Web services to integrate disparate illustration, policy administration, and underwriting systems. |
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A Web-based catastrophe management system we implemented for a large property & casualty insurer that eliminated the need for them to ship truckloads of specialized claims handling hardware to disaster sites. |
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A Web-based billing & collections system we implemented for a long-term care third party administrator that improved fraud detection and streamlined the invoicing and payment process. |
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A Web channel integration project for a large property & casualty insurer that ensured a consistent user experience across the insurer’s web sites and provided their customers with value-added services and content. |
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An adjustable features statement creation system for a reinsurer that increased the efficiency and quality of the settlement process for their clients. |
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A critical illness policy administration system implementation that enabled a large multi-line insurer to enter the critical illness market. |
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