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Overview
Insurance
providers today are faced with the ever-increasing
pressure to offer innovative products and
services, drive down costs, improve their
services to their many constituents and
leverage the benefits available from ongoing
IT advances. They must focus on how to efficiently
accelerate their time-to-market and provide
innovations to their products and services,
while meeting increasing regulatory requirements
at the same time. This poses significant
challenges to all carriers, whose systems
are typically outdated and fragmented after
years of growth and acquisition. This complex
IT environment also creates significant
challenges to information management, software
currency and effective software quality
assurance (SQA).
Virtusa has deep experience helping leading
insurance companies Conceive, Transform
and Optimize their software platforms to
meet their business imperatives. We leverage
our Strategic Enterprise IT Roadmap (STEIR),
Productization, and SQA methodologies
to enable insurance clients to conceive
the right IT platform, transform their existing
systems into high value assets and optimize
their applications through ongoing application
outsourcing using our global delivery model.
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Insurance Service offerings include: |
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| Additionally
Virtusa provides solutions to many Fortune
1000 enterprises that are applicable to the
insurance industry. These include: |
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Agency / Customer Self Service:
We help our clients increase customer
/ agency retention by improving the
agency / customer |
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experience, enabling multiple self-service
channels and at the same time driving
down costs. |
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Account
Opening (Member Enrollment):
We increase the efficiency of our clients’
account opening systems and processes, |
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reducing
enrollment time and cost, and enabling
straight through processing. |
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| Solutions |
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examples of tailored insurance service offerings
are: |
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Healthcare
Industry SQA |
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Annuity Industry Platforming,
SQA and Modernization |
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Pegasystem Rules SQA Automation |
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Settlements and Payout
Transformation |
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Trading and Reporting
Systems Reengineering and
SQA |
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Account & Portfolio
Management Systems |
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Asset & Wealth Management
401(k) & Benefits Management
Systems |
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CRM, Analytics, Decision
Support |
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