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Insurance

Industries

CLIENT TESTIMONIALS

  • Azimuth Ship Management
    Project Co-ordinator

    We are very satisfied and happy to have found AVL as our offshore development partner for software development. During our relationship, AVLt has developed a good understanding of our own vision and work flows and found a way to successfully complement our operations without causing any discontinuities or issues on our side.

  • PSI Incontrol Sdn Bhd

    “Thanks for your amazing service and true partnership! I really appreciate everything that you are doing and handling all our professional service requirements.”

  • Mr. Krishnamurthy Hegde,
    General Manager – Web Solutions, Shoppers Stop

    “We deeply appreciate the good work, commitments and teamwork displayed by the Team from AVL Infotech in the development of business critical application using Microsoft SharePoint technologies.”

Insurance

The Market

Global de-regulation of the insurance industry has allowed cross-selling of products by banks, financial services, and insurance companies. This has increased the competition for customer retention and customer acquisition prompting the companies to search for leading edge technologies and tools that increase efficiency, manage the complexity of operations effectively and reduce the total cost of ownership. Though they have been successful to a certain extent in capitalizing on their investments for their contemporary requirements, the same cannot be said about their long-term strategies. This is because there are few software companies focusing on insurance management solutions.

Where we stand

Our dedicated Insurance practice, equipped with domain experts, provides services with significant breadth and depth for Life, Annuities, Property & Casualty, Health and Reinsurance in multiple functional areas. We bring deep expertise in all stages of the insurance life cycle including distribution, sales, and marketing systems, underwriting, proposal and policy generation and administration, disbursement systems, claims, billing, general ledger and accounting.

Our Service Offerings

We work with the leading insurers by understanding their business challenges and providing them with robust, best-in-class, result focused, solutions, enabling them to deliver higher value to their stakeholders.

  • Rating engine, automated underwriting tools, actuarial tools, insurance remittance processing.
  • Enterprise Content Management (ECM) and Claims Management Workflow.
  • Financial calculators, insurance calculators, real time quotation.
  • Policy Administration System Consolidation.
  • Agency systems.
  • Invoicing, collections, and premium audit.
  • Claims Processing and Fraud Management.
  • Legacy Applications Modernization and Integration.
  • Enterprise Systems – SAP Service Offerings.
  • Applications Optimization.

Our Enterprise Application Integration (EAI) Expertise, coupled with domain knowledge of this industry, helps us integrate disparate systems seamlessly and extend the back office systems to customers, channel partners and the Internet.

We can leverage our knowledge of the insurance sector and build CRM solutions that help insurance firms to always stay ahead of the competition.