Insurance
Business transformation now stands as an essential strategy, grounded in rigorous planning, proficient implementation and adept to market changes. Our approach goes beyond the conventional methods and instead utilizes indigenous frameworks to speed up your transformational goals.
We have teams of experts to help choose the right set of tools and applications and conduct an in-depth analysis so enterprises can realize maximum benefits. We are dedicated to more than just filling up the operational gaps; Our commitment is to completely redesign and reinvent your processes and workflows, with the necessary infrastructure support, and help you achieve the maximum value of your transformation journey. Our approach leverages:
- Embracing AI: We are revolutionizing our strategy by reimagining processes with AI and embedding it in critical stages of your operations.
- Power of ecosystems: Through strategic partnerships with industry disrupters and leaders, we aim to maximize the impact of our joint solutions.
- Deep domain expertise: We have customized solutions for targeted industry segments and bring unparalleled expertise to our projects.
Our Offerings
Insurance Advisory Services
Stay ahead of the curve with the right advice on insurance processes, technology, and innovation
Interactive
Address the needs of personalization, optimal journey orchestration, and channel rationalization with our interactive offerings
Gen-AI Powered Digital Engineering
Modernize core technologies, build scalable digital products, and future-proof platforms through AI-assisted software engineering to empower your business transformation
Data & Analytics
Deliver exceptional business outcomes with Data-driven Everything (D2E), spanning Underwriting, Claims, Billing, and Payments
Managed Services
Our ‘AI-native’ managed services approach is based on an ‘Operate to Thrive’ (O2T) framework focused on persona-centric support and fuelled by Converged Ops
Insurance Platform Operations
We amplify business value by delivering tangible outcomes through our domain-led digital operations
Recalibrating Insurance with an AI-first Approach
Our AI-first approach streamlines operations for unprecedented accuracy, efficiency, and customer-centricity
Solutions
Advisor of the Future
Advisor of the Future is an AI-driven platform enabling insurance advisors to personalize client engagement and enhance productivity.
Smart Underwriting
Smart Underwriting is a platform which utilizes Gen AI and third-party data to optimize P&C insurance efficiency, risk management, and profitability through real-time insights and automation.
Touchless Claims
Touchless Claims enhances insurance efficiency with Gen AI and third-party data, improving customer experience, reducing claims leakage, and optimizing payouts and cycle times significantly.
Accelerators
Future of Insurance
Leveraging AI and digital tools, this accelerator revolutionizes insurance operations with personalized products and predictive risk assessment, ensuring agility and regulatory compliance.
Insurance Gen AI Marketplace
Insurance Gen AI Marketplace provides 20+ tailored solutions for insurers, boosting productivity and customer experience with tools like Advisor of the Future and Underwriter Assistant on our Canvas.ai platform.
Leapfrog Framework
Leapfrog streamlines P&C insurance cloud migration with analysis, automated fixes, data transfer, and testing tools, enhanced by GenAI for efficiency and reliability.
Resources
Blogs
Brochures
Case Studies
POVs
Factsheets
Whitepapers
Top Challenges and Opportunities Associated with Cryptocurrency Insurance
Cybersecurity: A Growing Priority for the Insurance Industry
Driving Business Efficiency with Generative AI for the Insurance Broker Industry
Insurance Business Opportunities in Metaverse
The ‘Great Restructuring’ elevating the role of Commercial Insurance Underwriter
The Three-step Insurance Industry Makeover
The Juggling Act of Commercial Lines Underwriting
What can IBM Watson do to reshape the Insurance Business
Moving from Digital Business to Cognitive Business
Adoption of AI in Insurance Claims Transformation
Enchanted homes: Can insurers leverage blockchain and IoT for seamless connectivity
Connected Insurance – How will it be in 10 Years from now?
Redefining Insurance Practices for ‘Smart’, Hyper-connected World
Exploring the World of Blockchain
AccuRUSI
AccuRUSITM is an Underwriting Workbench solution that provides a unified working environment for underwriting, that enables improving risk selection, pricing accuracy...
Greenfield AWS Setup & Application Modernization using Kuber...
An Indian InsurTech Unicorn backed by one of largest Global Insurance Conglomerates.
Application Containerization on AWS EKS, Infrastructure Auto...
Germany-based Insurance Provider
Cloud migration and Integration
Cloud Design and Migration Drives over 30% Savings and 45% Productivity Improvements
Experience Transformation
Experience Transformation through Infrastructure Modernization and Persona-driven Services for US-based Reinsurer
LTIMindtree - AWS Migration Competency - Transforming Practi...
>50% reduction in efforts and costs, with 360° visibility into application performance
Hybrid Cloud Implementation for Leading European Insurer
70% reduction in IT administration due to automation
Automating Processes and Transactions for Global Insurer
90% Reduction in Unallocated Cash Allocation and Reduced Operations Workload by 70%
Case Study
Transforming Customer Experience for an Insurance Major, with Adobe Experience Manager.
Shift Left Innovation in Underwriting
The insurance industry is staring at myriads of possibilities. Ever shifting and rapidly changing risk landscape itself is a stiff challenge that underwriters will have to play ...
Next-Gen Analytics in Insurance
How should insurance companies prepare to leverage the potential of Advanced Analytics ?
Technology : An Antidote for Insurers to Combat Climate Chan...
Climate change is inevitable, but risk management is achievable, and all insurers should strive for the same.
AI Automation in Insurance Creating a Success Story
The onset of COVID 19 changed the way the Insurance industry is relying on AI Automation.
Augmented Analytics Demystified for Insurance
Augmented analytics, is rapidly changing everything about the analytics for Insurers, by simplifying, improving or radically changing the way analytics data can be turned into I...
How IoT can enable life insurers to achieve more than just a...
As the insurers around the world explore the use cases around IoT, they will realize that IoT can enable them to achieve beyond an attractive customer experience.
Enterprise Data Office
The insurance industry is witnessing a significant push to build Enterprise Data Office (EDO), to enable long term success of Data & Analytics and realizing benefits from a...
5 Decisions that Impact the Data-on-Cloud strategy of Insura...
Insurers need to evolve with the advancing technological changes to be able to navigate in the future
Smart FNOL The Key to World-class Customer Experience
In a highly commoditized industry, the insurers must leverage the disruptive technologies to transform the traditional FNOL process.
New Age Assets for Fighting Insurance Fraud
Insurers must focus on implementing effective fraud prevention strategies and embrace disruptive technologies.
Improving Customer Engagement in Insurance through Value Add...
How Insurers are looking beyond indemnification to improve customer engagement through value-added services.
P&C Core Admin Platform Migration Strategy: Key Options & Ri...
Insurance Platform migration – Options and Strategies to consider before moving ahead.
Gamification in Insurance - A New Score
Know how Gamification works, and can work for Insurance prospects for more customer engagement.
The Juggling Act of Commercial Lines Underwriting
Underwriters need to explore beyond the core policy system replacement & leverage advancements in technology, and use it as a backbone for Underwriting Transformation.
Automation through Robots
In order to automate & optimize Insurance processes effectively, RPA needs to be supplemented with human-thinking technologies.
Thinking Beyond Core Admin Transformation
Thinking beyond Core admin implementation to amplify outcomes
Play to Win - Participation. Engagement . Loyalty
Gamification – A digital lever enabling insurers transform Customer Engagement
Maximize Group Benefits Enrollments using Cloud Design Patte...
The whitepaper highlights, boosting performance using CQRS pattern in Microservices Architecture in Group Benefits Administration System
Riding the Digital Disruption Wave in Reinsurance
This paper discusses Reinsurance industry’s adoption of new technologies like IoT, blockchain and machine learning to address its business challenges.
AI-driven Transformation in the Insurance Industry
A flavour of future-focused business models being developed by the Insurance industry, leveraging and adapting to disruption from AI and allied technologies.
Creating Immersive Experience in Insurance through Augmented...
The white paper outlines the potential benefits and challenges of AR, and also lists some real-life scenarios based on the technology.
Solutions
Underwriting & Risk Intelligence
LTIMindtree’s intelligent automation tools, powered with real-time data insights, will help you provide faster underwriting services, while minimizing risk
Claims Efficiency & Loss Prevention Solutions
Drive better customer engagement with faster claims management and remediation solutions
New-age Distribution and Customer Service
Deploy user-friendly interfaces to connect myriad take holders within the insurance ecosystem
Accelerators
ReFORM
LTIMindtree’s ReFORM accelerator helps insurance carriers and policy administration systems significantly improve product quality as well as regulatory compliance
cHealth
Harness our collaborative Healthcare Framework to facilitate smooth personal care, remote care, home care and tele-care services
Claims Capability Monitoring
Boost claims operation reviews with our diagnostic toolkit that highlights strengths and areas of improvement for every step of the claims process
PIE Framework
Our framework for product implementation accelerates deployment lifecycles, while substantially reducing the associated costs
Contact Us
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