IT Portfolio Management: A Money Manager’s Perspective

Insurance companies must manage IT investments like their portfolio of financial investments to maximize returns and mitigate risk. According to Infosys’ experts, a structured approach to IT portfolio management helps identify the right IT investments and ensures optimal... returns. A multi-dimensional IT investment model creates a balanced portfolio enabling better budget allocation and effective prioritization of IT initiatives.

Best’s Review: March 2009 | Copyrighted A.M. Best Company, Inc. 2009 | All Rights Reserved. Reprinted with Permission.

Infosys' Expert Spells Out the Road Map of Pensions Buyouts

In an award-winning article in The Actuary, Infosys' Venkatakrishnan Ramachandran analyzes pensions buyouts. The Senior Associate addresses the commercial, financial and technical challenges of adopting defined-benefit pensions... in the United Kingdom. In addition, he proposes strategies to help insurance companies compete more effectively.

The Infosys Approach to Solvency II Compliance

Solvency II regulations will impact product portfolio, operations and the reporting requirements of insurance companies. At a joint colloquium of the International Actuarial Association (IAA) sections, Boston, USA, Infosys' experts presented a road map for regulatory compliance.

Insights into Insurance Modernization and Using Technology to Drive Annuity Sales

Insurance companies must modernize certain aspects of existing systems to enhance business capabilities, according to Eric Paternoster, Senior VP and Unit Head, Insurance Healthcare and Life Sciences, Infosys. In an interview... with Best's Review, he discusses the challenges of data security and how technology can drive annuity sales.

Insurance Modernization: New Demands, New Approaches

Complex and inflexible legacy systems contribute to increased cost of operations and little value from IT investments. Modernization initiatives in Insurance focus mostly focus on improving IT effectiveness or the IT headcount. Insurance modernization... must align business and technology architectures and accelerate execution. Infosys' solution helps insurers accomplish modernization goals, increase efficacy of the transition and enhance the business value of modernization.

Shred Paper-Intensive Processes for Improved Efficiency

Infosys research indicates that a major contributor to the high operating costs incurred by mid-size carriers is the inefficiencies resulting from their heavy dependence on paper-intensive processes. Our practitioners point out how these companies... can benefit from reducing manual effort and paper-intensive operations.

Smoothening the Road to Solvency II Compliance

Worldwide, regulators are focusing on insurers' solvency and capital adequacy. In its effort to create a solvency regulation framework that is better tuned to insurers' actual risk exposures, the European Commission has drafted... Solvency II - a risk-based approach to solvency regulations. However, traditional insurance carriers are a long way from being Solvency II-compliant. Several finer elements in the Solvency II framework need to be addressed before it is rolled out.

Eight Rules of Consolidation for Efficient Customer Interaction Centers

One of the paramount needs of the insurance industry is to develop a single view of the customer regardless of access media. Creating a single online touch point for policyholders and producers lowers operating costs and promotes... good customer service. Our practitioner proposes eight rules of consolidation.

Freedom of Choice: The Realities of Mainframe Modernization in 2007

In an interview with Windows in Financial Services, the magazine for Microsoft in the Financial Enterprise, Srikanth Srinivasan, head of insurance solutions consulting, and Prasad Joshi, who heads the Microsoft Center of Excellence within... Infosys, discuss the challenges of insurance modernization and how the insurance modernization solution and global delivery model eases migration across all stages of the lifecycle.

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Testimonials

“After carefully examining our options, Conseco selected Infosys for this strategic outsourcing initiative because we are confident that Infosys understands the rapidly shifting dynamics in the insurance market, and brings to bear deep technical skills in an innovative service model...”

 

-Russ Bostick,
Executive VP and CIO,
Conseco

 

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