Insurance & Healthcare
New Product Introduction (NPI)
Our NPI capabilities can help you accelerate speed to market for new products. They include:
- Deep domain knowledge of life and annuity business processes and products.
- Modification of common life and annuity administration and billing platforms for NPI initiatives.
- Modification and integration of other related processing systems, including commissions, rating, sales illustrations, policy printing, and CRM for NPI initiatives.
- Experience utilizing and integrating BPM and BRMS technologies with legacy applications and processes to achieve flexibility and improved workflow.
Distribution and Channel Management
Modernizing Distribution and Channel management
iGATE has developed solutions for modernizing Distribution and Channel framework. We provide a one-stop-shop for implementing portals for distributors and worksite marketing, supporting and enhancing agency systems, developing business intelligence solutions for market segmentation, and achieving master data management to provide levers for maximizing customer lifetime value
Commissions and Compensation processing
We build and support end-to-end compensation and disbursement systems across insurance business lines. Our solutions include:
- Agent Commissions and Compensation Systems: Process Re-engineering, Commission Calculation Solutions, and Application Maintenance and Enhancements to Commission Systems.
- Business Intelligence: iGATE has developed a Commission data mart for agent productivity and compensation analytics and reporting. The reporting includes Commission Forecasts, Production Analysis, Commissions Due and Received, and Trends Analysis.
New Business and Underwriting
iGATE insurance practice has vast experience in New Business projects with solution expertise for case management, rule-based underwriting automation, rating and rate class assignment, and Policy printing and Contract generation.
Policy Administration System (PAS)
Our capabilities cut across the PAS spectrum and include:
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Our claims management solution covers Loss Reporting, Estimation, Adjudication, Salvage, Subrogation, Compliance, Catastrophe Management, and Fraud Detection.
Over the last decade, iGATE experienced business and technical professionals have helped small and large insurers as well as software vendors transform their claims systems. We have handled Development, Support, Migration, Testing, Document Management, Workflow & Automation projects incorporating OFAC, GLBA, HIPAA, and CBR compliances.