Operational Efficiency
Crisis or No Crisis – Efficiency and Effectiveness in the way business is conducted, drives the marketplace of today.
Disruptive innovations, ever-changing consumer behavior, cut-throat competition, and other macro-economic conditions, are driving today’s insurers to optimize their operational strategies. Aggravating this situation are the constant mergers & acquisitions within the industry, which result in the onerous task of integrating the systems landscape of these disparate entities, without impacting Business-as-Usual (BaU).
LTIMindtree, with over 20 years experience in the Insurance marketplace, across Carriers, Distribution Channels & Product Companies, is uniquely positioned to help drive operational efficiency and effectiveness in turfs across the globe.
We have a basket of Automation solutions, which are an integral part of our Automation Framework, and are customized & deployed selectively as per the nature of services provided to the client. An enterprise-wide automation strategy enables us to plug & play a combination of in-house tools with other tools available in the market.
Our clients have typically benefitted from our Insurance Business & Operations Optimization services, accomplishing the following business outcomes:
- Shortened Underwriting Cycle by 50%
- Improved Underwriting Decision Ratio by 25%