Insurance

Insurance Overview

Aptaxis provides the winning edge to insurance companies by leveraging its domain expertise; innovative solution accelerators and heritage of risk management for extracting fuller value from IT spend. Our Insurance service designed to help the client's exploit value from a number of potential but latent concepts that will assume importance in tomorrow's market with the aid of Business Programs like Speed-to-Market, Underwriting Profitability, Operational Efficiency, Distribution Effectiveness, Consumer Engagement and Claims Optimization.

Slow economic recovery has been impacting the Life Insurance and Annuities Industry as it continues to face the challenging business environment. Volatile market conditions, shifting client demographics and evolving distribution channels, coupled with changing regulations, demand Life Insurance and Annuities companies to transform themselves. They are required to find newer ways to improve revenues while managing overall costs.

 

Aptaxis has rich domain and technical expertise in the Life Insurance and Annuities space. We leverage our experience to help our clients bring down their costs through productivity improvement and streamlining and automation of various business processes. This drives them to attain operational efficiency.

Our approach to the three-pronged value propositions:

  • Execution Excellence - We deliver Execution excellence through deployment of right talent, tools and processes
  • Engage the Future - We provide Thought Partnership to the clients in helping them leverage upcoming technologies to meet their business objectives
  • Business-to-IT Connect - Our differentiated 'Business First' methodology focuses on achieving customer delight by customizing our services based on the business processes supported by the IT applications and the critical characteristics of applications.

Our clients benefit from the collective expertise of a pool of 200+ associates that includes domain specialists, solution architects, business analysts, technology professionals, regulatory specialists and package implementation specialists. We have strong interface with Industry associations such as LOMA, AICPCU and NIA.

Differentiating Factors:

  • We have strong experience across the insurance value chain covering Carriers, Reinsurers, Brokers, Regulators and ISVs (Independent Software Vendors).
  • Unique Business First-driven service delivery approach, in which, service design and delivery is customized based on critical characteristics of Business processes being automated by respective IT applications.
  • IT Services coupled with more domain experts have given us insights that help us come up with tools, frameworks and service accelerators that aid in delivering effective & cost-efficient services.
  • Rapid Delivery Center (RDC 2.0) - A global delivery model of Aptaxis is designed to achieve goals and objectives of large engagements.
  • Established Industry Interface with Insurance Industry Analysts, Insurance Software Product Companies, Data providers, Technology Partners and Insurance Education and Talent development institutions.