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“Please allow me to thank the Patni team for the exemplary work you have done in the processing of our subscription work. Your understanding of our processing needs, mapping of the business rules and procedures for our different subscription forms, while re-engineering the process, has been outstanding. Your offshore team was trained successfully to deliver excellent quality within a short period of time. Today, in the face of steep transaction volume growth, your team continues to meet all SLA targets, and its performance has consistently exceeded our expectations..”
Senior Director
One of the largest family welfare
non-profit organizations in the US
 

BPO-KPO Service Offerings

Actuarial Valuations
Patni offers a comprehensive suite of Actuarial services in the areas of Pensions, Life, Property & Casualty and Healthcare.
 
We leverage our proven Actuarial center of excellence to reduce the cost per valuation, augment the actuarial and modeling capabilities, improve turnaround time, streamline valuation methodologies and deliver error-free valuations.
 
Our teams of experts have a unique combination of Actuarial skills and strong operational skills
 

We engage customers in one of the following models:

Manage over-flow and seasonal requirements of the actuaries.
Take over the relatively routine activities like Loss monitoring, Reserving, Profitability analysis, Experience analysis et al and create capacity for the existing actuaries to focus on more value added activities like Market intelligence and Business overviews, Enterprise Risk Management, Predictive modeling.
Significant experience and capabilities in client implementation and on-boarding of new customers.
 

Actuarial Valuations Services Portfolio

 
Actuarial Valuations Services Portfolio
 
Key Differentiators
India’s first and only provider to perform advanced Pension Actuarial Valuations for a leading global Pension Consulting organization.
Large pool of qualified and trained actuarial resources with deep understanding of global market conditions, regulatory and compliance requirements and actuarial professional standards.
Structured transition methodology ‘FAME’ ( Framework for Actuarial Migration Excellence) for efficient and de-risked migration.
Operational excellence through Six Sigma, Kaizen and LEAN.
Experience in designing and establishing Shared Service Center (SSC) for Actuarial Services, Insurance and Pension record-keeping/benefits.
Robust training engine for quick scale up of Actuarial capabilities; Patni scaled up to 125 Actuarial resources in 18 months.
Alliances with leading Actuarial institutes in India.
 
Select Success Stories

Patni helped a Fortune 500 HR Consulting Company set up and manage a shared services center and provided end-to-end Actuarial Valuations services.

 

Our comprehensive solution enabled the client improve operating efficiencies by centralizing, standardizing, and functionalizing the actuarial valuations process and reduce cost per valuation.

 

Services delivered to the client include:

Finalizing/updating plan provisions.
Collecting/reviewing and finalizing assets/claims data.
Reviewing previous-year valuation to identify issues to be addressed in the current-year valuation.
Preparing financial information for trusts and audit purposes.
Developing market value reconciliation of assets.
Estimating liabilities of pension plans.
 
 
  Case Studies
Leading TPA maximizes capability to handle fluctuating volume of health claims
Offshore IT helpdesk support helps large insurance ISV improve quality of customer service
Large service provider partners with Patni to provide benefits administration services
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Business Process Outsourcing - Destination India
Continuous Process Improvement - Managing Dynamic Business Environment
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Business Process Outsourcing: Advantage Finance and Accounting
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401(K) Plan - Insurance
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401(K) Plan - Financial Services
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Claims Processing - Insurance
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