Overview
The Insurance industry is facing the most significant economic and competitive challenges in its history. Consolidations, mergers, and failures are escalating, while competition from other financial services segments continues to mount. To succeed in this rapidly evolving business climate, insurers are compelled to investigate ways by which they can improve bottom-line operational efficiency and drive top-line growth, and still meet and exceed the expectations of their customers. Patni's Insurance Outsourcing and Insurance Software Solutions enable organizations to grow their business through increased productivity.
Working closely with our Insurance industry clients, we have increased their operational effectiveness and efficiency by enabling them to outsource non-strategic processes and refocus resources on core activities. We achieve this through a powerful combination of Insurance domain expertise, process excellence and a flexible, responsive and personalized approach to service.
Patni’s approach to insurance software solutions helps us deliver real business value to our customers through cost reduction, operational efficiencies and better, more accurate information through:
- Optimized business processes
- Improved speed-to-market for new products and services
- Rationalized IT systems to reduce complexity
- Better IT governance mechanisms
- Straight-through processing for new business and claims
- Faster, better business analytics.
Our long-term relationships and high rate of repeat business are a testimony to the success of our approach. With a track record of supporting over 20 million life and retirement policies and more 12 million claims transactions annually, we are a preferred partner for leading global Insurance companies.
End-to-End Insurance Software Solutions
Our IT consulting and insurance software solutions span a range of Insurance lines of business including Life, Annuities, Health, Property and Casualty and Reinsurance.
We partner with Insurance clients in a variety of engagement models, based on their requirements, to provide insurance solutions. We offer deep experience in all stages of the Insurance business cycle, such as:
Our key service offerings include: