- Core Product Evaluation
In any P&C Insurance transformational journey, selection of the right core system is the fundamental step. A misstep here would result in the selection of inadequate, expensive and unreliable software for their business. Birlasoft helps its clients in this transformation journey by using its proprietary evaluation methodology along with expertise in industry leading core IT systems and its value-added consultants.
- Enabling legacy sunset
For the insurers who have recently invested or are looking to invest in the implementation of a PAS (Policy Administration System), there arises an inevitable need for migrating from their legacy systems. However, it is often a challenging task to facilitate a robust, timely, stable and exhaustive migration from your legacy system to the new PAS solution. Birlasoft helps its clients by using its proprietary PAS migration enabling legacy sunset methodology.
- Policy Admin System: Speed to Market for New Product Launch
Often, there is a lack of adequate testing and QA efforts which put a significant impact on Insurer’s IT budgets due to delay in quality solution delivery. Further, poor testing may lead to various internal audit compliance issues which will increase stakeholder disappointment. Birlasoft helps its clients by using its test assets consisting of more than 2400 re-usable test cases and various proprietary methodologies to ensure near zero defect delivery whether it is a new product implementation or a new state rollout for an existing product.
- Document Management: Admitted and Non-Admitted Lines Forms Processing
P&C Insurers have hundreds of forms to deal with across admitted and non-admitted lines of business. The policy admin system handling the LOBs needs to rigorously test all types of forms i.e. static, dynamic and declaration pages. The forms are mandatory, optional, conditional mandatory, etc. Birlasoft helps its clients to sail through this humungous amount of QA effortlessly.
- Claims Transformation
Claims processing is another core function that P&C Insurers have been modernizing after policy. The entire life cycle from FNOL/FROI to reserving and adjustment to payment & settlement including litigation and salvage management needs to be automated to process claims faster and achieve higher levels of customer satisfaction. Birlasoft helps its clients with automation framework for industry leading claim processing solutions.