Overview
The Insurance industry is facing significant economic and competitive pressures, with consolidations and downgrades escalating and continuing competition from other financial services segments. In addition, the regulatory climate remains challenging and uncertain. Regulatory oversight changes and new compliance deadlines loom on the horizon. In spite of this volatile business climate, insurers must continue to find ways to improve bottom-line operational efficiency and drive top-line growth, meeting the needs and expectations of customers and distributors while responding to increasing demands for business transparency.
How Patni Can Help You
Patni - one of the largest service providers for the Insurance industry has developed IT Services, Infrastructure Management and Business Process Outsourcing solutions that enable insurers to grow their business while streamlining operations and remaining compliant. We assist our clients in achieving real differentiation through:
Integrated Consulting offerings for all insurance lines of business including
ICD-10 assessments in the healthcare space.
End-to-End Insurance Solutions from Patni
Our IT consulting and insurance software solutions span across insurance lines of business including Life & Annuities, Property & Casualty / General Insurance, Reinsurance, and Healthcare. Over 3000+ dedicated personnel in the Patni Insurance practice have deep domain understanding, expertise on legacy and modern technologies and systems, and experience implementing industry standards such as ACORD and ANSI X-12.
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Track Record for Client Success
Five of the top global insurance companies work with Patni to overcome complex business challenges in the areas of new product introduction, policy administration, policy conversion, QA testing, claims, and distribution and channel management. We have accumulated more than 14,000 person years of experience by servicing customers via professional services, package implementation / customization of policy administration platforms such as ALIP, Transcend, Ingenium, Dragon, and COMPASS, application consolidation and modernization, application development and maintenance services, and business process outsourcing.