Insurance

IT Solutions for Insurance : Optimize Your Operating Efficiencyinsuranc
Global Insurance business is adapting itself to a rapidly evolving competitive and regulatory landscape as it lays the foundation of the next generation Insurance Enterprise. This fast-changing business landscape is driven by changing consumer demographics, diversified distribution channels, improved customer/producer experience and increasingly personalized customer focus. Emerging technologies have greatly shaped this new strategic thinking and have given Insurance companies significant competitive advantage. Primesoft has been a trusted partner and collaborator to its global clientele across multiple geographies to provide relevant services to address the multiple areas of need of the Insurance industry leveraging its expertise in domain, technology, tools and test methodologies.
With our customer focused mindset and desire to become a seamless extension of the modern Insurance organization, Primesoft is well-positioned to deliver superior value with its rich service offerings, domain depth and innovative engagement models.

Segments

Life, Health and Annuities
The drivers in this segment are related to the impact of Market Economics, changing demographic profiles and third party management of assets. Our core competencies are in the areas of New Business and Underwriting Systems, Policy Administration, Claims Processing, Billing and Collection, Finance and Accounting and CRM.
Property and casualty
Address the changing dynamics within the Property & casualty (P&C) industry with respect to consolidations, changing consumer behavior for products through multiple distribution channels, risk of catastrophes and enterprise integration issues with a focus on usage of analytics for margin optimization and predicting consumer behavior. Our solutions and services help reduce costs, increase top line revenue growth and impact bottom line results. Our core competencies are in the areas of Policy Administration, Claims Processing and CRM
Reinsurance
With sluggish market conditions and ageing technology platforms, reinsurers are faced with an uphill task of optimizing the cost of operations across the whole enterprise. Primesoft has extensive experience in providing cost optimization solutions to global insurers in the areas of Third party holistic testing services, Oracle R12 upgrade, Infrastructure management services and others.

Industry Solutions
  • SME led Application Management Services
  • Enterprise Business Process Management (EBPM)
  • Compliance Enabled Testing Framework (CETF)
  • Software as a Service(SaaS) enabled
  • Insurance Service-Oriented Architecture (SOA) Framework