Insurance Policy Administration Systems Transformation
Overview
The market is zooming to the future at 'warp speed,' but your policy administration system (PAS) is stuck in the past. You need to launch products faster while being customer-centric and regulatory compliant.
But with legacy systems, product development cycles are long; maintenance costs, high, and processes, inflexible. You need to transform your PAS – a complex task that requires you to build a compelling business case.
Future-proof your legacy systems
TALK TO OUR EXPERTSPAS Transformation Offerings from Infosys
Strategic consulting
- Strategic and business case scenario planning
- PAS product/ vendor evaluation
- Insurance modernization framework
- Build vs. buy and conversion strategy
Solutions and services
- Rapid product introduction
- Business-rules driven integrated workflow offerings
- Product configurations
PAS consolidation
- Infosys McCamish platform- Business Process Solutions
- Conversion suites
- Service-oriented architecture and middleware enablement
Products, platforms, and packages
- Infosys McCamish policy administration platform
- Leading insurance products and packages
- Product competency center framework
Data management and analytics
- Business intelligence
- Predictive analytic offerings
- Master data management
- Managing claim leakages
A well-defined PAS transformation is a complicated journey. It may secure agility for your company, but you need to overcome multiple challenges along the way. From building a robust business case (based on the assessment of current capabilities) to drawing up a focused implementation roadmap (that aligns with your objectives) and ensuring a clear execution framework.
We not only ensure a smooth transformation journey but also help you address issues around redundant platforms, simplify existing processes, and reduce cost pressures.
Challenges & Solutions
Resource Center
Case Study
