OVERVIEW

Insurance-Image

Insurance companies have traditionally invested heavily in acquiring and maintaining IT assets for automation of core processes such as Policy Administration Systems, Claims Processing and Billing, Rating and Print Services, along with other solutions to deal with the many stake-holders – customers, agents, underwriters, actuaries, regulators and employees interacting continuously.

However, confronted by rapid changes in the market, the companies are faced with the Hobson’s choice of either making huge investments again in replacing their aging legacy systems or face the bitter consequences – whether it is a low Speed-To-Market, inability to utilise omni-channel marketing, ire of an increasingly digital customer or loss of rich opportunities to increase ROI through data analytics and transformations.

It has become imperative for insurance businesses to undergo IT transformation in a calibrated manner, adopting newer systems based on latest platforms and processes optimally, without seriously disrupting the operations often letting cutting-edge digital technologies co-exist with mainframe applications. In order to stay ahead of the competition it has become crucial to reduce operating costs, provide a unified customer experience across channels and avoid face-offs with regulators.

In NeST IT, we follow a holistic approach in servicing the Insurance sector, capitalizing on our long innings accumulating rich technical & domain expertise. The NeST IT Insurance practice team is equally adept at supporting Mainframe/VB based legacy technologies as it is in assisting our customers in the process of migrating to latest Microsoft Dot Net and Java based technologies.

Core Competence

NeST – Insurance team provides services targeted mainly at the US Property & Casualty (P & C) industry, covering varied lines of business such as:

  • Personal Auto
  • Home Owners
  • General Liability
  • Inland Marine
  • Commercial Auto
  • Commercial Property
  • Commercial Package
  • Commercial Umbrella
  • Business Owners
  • Crime
  • Dwelling Fire

Our experts have been providing 360 degree support services to the Proprietary Policy Administration and Claims Management systems deployed in various leading US P & C Insurance and Insurance Service companies.

Services
Products
CASE STUDIES