Today, various issues challenge the Insurance industry. The key ones include compliance to regulations, introducing products faster to market through newer distribution channels, and improved business processes and cross-sell to customers.

Datamatics offers comprehensive policy administration solutions for the insurance industry. We design solutions for the Life and Health Insurance industry. Consolidation in this industry segment has led to a host of issues with the integration of disparate systems. Our experience and expertise in this sphere include:

• Analyzing the business context
• Recommending and building new operational models
• Developing and managing the entire life cycle of policies
  • Policy servicing
  • Premium collection, billing, policy maintenance

We offer a host of services to our customers including:

• Legacy Applications Reengineering
• Legacy Systems Support and Maintenance
• Business Intelligence and Analytics
• Data Processing
• Implementation Practice
• Modernization of Applications - E-Commerce and Web-based Applications

Our offshore-based Insurance competence center has LOMA certified experts, who have the experience in delivering superior results to our customers.

Some of the benefits delivered to customers are:

• Increased life and value of legacy applications
• Reduced operating costs by 30%
• Promoted faster introduction of insurance products to market
• Improved service efficiency by 22%