Life Insurance and Annuities

Harness the power of data to drive growth and profitability in your life insurance business.

Digital Services

Overview

Life insurance is based on relationships, trust, dependable service and robust investment strategies. Syntel provides insurers with an inclusive set of solutions.

Offerings 

  • Core insurance services, including implementation of commercial and custom-built product platforms like VANTAGE, RPS, Cyber Life, LifeComm, LANMARK, LIFE/70, nBA, NBU, wMA, Exceed J, CSC Series III, SAP IS and Oracle Adminserver
  • Legacy modernization services 
  • Automated BizOps for Insurance
  • Big Data based predictive analytics framework
  • Regulatory compliance
  • Multi-state roll-outs for leading life and annuities lines of business 
  • Rules engine deployment for improved underwriting performance
  • Domain-focused testing with a test case repository to accelerate test planning and design, and reduce dependency
  • Insurance forms management centers with accelerators to improve productivity for forms management

Success Stories

Fortune 100 Insurer Transforms From SAP BW to SAP HANA

The client is a Fortune 100 insurance company that was looking to replace an aging SAP Business Warehouse (BW) system with a high degree of data redundancy to the more modern, in-memory SAP HANA platform.

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50% Faster Financial Period Cycles by Implementing SAP HANA

A large personal line insurer wanted to consolidate BW systems to a Digital Enterprise Platform to improve efficiency, and reduce maintenance cost, complexity, and data redundancy. With ever increasing data volumes, they needed a robust framework to help them derive information from data for taking key business decisions.

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Syntel Helps Insurance Giant to Move to a Customized Agile Model

A large insurance company required an enterprise data warehouse with integrated dimensional modeling to meet its business objectives. Syntel created accelerators to help the customer reduce costs and improve time to market.

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