Insurance
Until a decade ago, customers were forced to pay for the high operating costs of insurance organizations, products were complex, and the claims process was littered with paperwork. Today, the change is dramatic. Insurance can be bought online. The claims process is fast and paperless. The shift in industry focus is remarkable, too. Motor insurance offers one such example where the business is going from assessing driver risk to evaluating the risk of AI in autonomous cars.
Without a doubt, new opportunities for insurers are growing rapidly, thanks to technology that makes it easier to lower costs, scale operations, and personalize products. Technology also makes it possible to explore new paradigms such as microinsurance, usage-based insurance, and peer-to-peer insurance. LTIMindtree has been at the forefront of these changes, implementing technology to meet the growth goals of rapidly evolving insurance organizations.
We solve complex problems such as digital adoption, fraud management, customer experience, speed-to-market, underwriting profitability, operational efficiency, and distribution effectiveness. To do this, we combine our expertise in technologies such as RPA, AI, ML, drones, data and analytics. The successful execution of over 150+ core platform modernization engagements testifies our capabilities.
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Arvind Laddha
Vantage India
Client Speak
Jeffrey Glazer
Insurity
AccuRUSI
AccuRUSI TM 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.
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
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
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.