Core Systems Modernization
Insurers today are seeking solutions that improve speed-to-market for new products while also managing escalating cost of operations and regulatory compliance. “L&T Infotech’s (LTIMindtree) Product Competency Center (PCC) offering enables insurance companies with the power to select, implement, and manage insurance software products.
Key Highlights of LTIMindtree’s Product Competency Center
- 3000+ person-years of experience in 20+ products, including Insurity, Duck Creek, Guidewire, etc.
- Product Implementation Excellence (PIE) Framework, and comprising 150+ process methodologies and 25+ automation toolkits. These are applied across 30 end-to-end product implementations encompassing business and technology/architecture consulting, requirements management, digital transformation, integration, platform/software upgrades, policy conversion/migration, and Quality Assurance.
- 25+ Digital Solutions complementing core insurance systems, thus accelerating the digital transformation journey.
- ARCoT – ‘A Right Choice of Technology’ framework, developed for Insurance software product selection, comprising a pre-defined set of Product Feature Library, Reference Product Demonstration Scripts, and proprietary product evaluation techniques.
- Incubator Framework, enabling on-demand availability of domain, technology, and product consultants.
Our clients have typically experienced the following benefits:
- Compressed implementation and upgrade lifecycle by as much as 30%
- Reduced cost of ownership by 25%
- Emphasized Change Management, leading to high adoption rates and user productivity
