Increasing IT Efficiency and Lowering Costs |
Modernization |
Regulatory Compliance
Increasing IT Efficiency and Lowering CostsFinancial services companies must embed analytics into business processes to enhance day-to-day operations across customer touch points.
Published with permission of Information Management
Prioritizing IT investments across the value chain helps insurers develop a balanced portfolio and maximize IT returns.
Infosys' experts discuss insurance product and service strategies for customers across demographic segments.
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.
Best's Review: February 2011 | Copyrighted A.M. Best Company, Inc. 2011 | All Rights Reserved | Reprinted with Permission.
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.
Mid-size carriers depend heavily on paper-intensive processes, resulting in inefficiencies and high operating costs. Our practitioners show how these companies can benefit from reducing such dependence.
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.
ModernizationSocial media helps insurance carriers enhance the brand through value-added services.
Innovative models such as pay-per-use, micro-insurance and product monetization help insurance carriers meet the needs of a diverse population.
As featured in Agent’s Sales Journal
Insurance carriers must reinvent products as well as marketing channels to better serve digital consumers.
Published with permission of Independent Insurance Agents of Illinois
Insurers can serve digital consumers by adopting platforms that increase transparency, collaboration and agility. Infosys’ experts discuss how insurance carriers can transform into smart enterprises and provide 'smarter' insurance.
Insurance processes must incorporate mobile technologies to enhance the customer experience, reduce costs and ensure growth.
Published with permission of PropertyCasualty360
Infosys' experts discuss how insurance companies can modernize legacy systems while enhancing the effectiveness of IT and reducing operating costs.
Insurance companies can innovate in product and service delivery with nimble infrastructure and processes.
Social media facilitates business-IT collaboration and enhances operational effectiveness in the insurance industry.
Insurers must invest in architecture for better flexibility, according to Infosys’ expert. They can convert
a merger into an opportunity by reorienting architecture through integrated technology platforms. IT
integration...
reduces the cost of operations and enhances the competitiveness of the merged enterprise. He proposes Service-Oriented Architecture (SOA) solutions for policy administration, distribution and marketing.
Published with the permission of Insurance & Technology.
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.
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.
Regulatory ComplianceWorldwide, 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.
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.