IT Solutions for Insurance : Optimize Your Operating Efficiency
Global Insurance business is adapting itself to a rapidly evolving competitive and regulatory landscape as it lays the foundation of the next generation Insurance Enterprise. This fast-changing business landscape is driven by changing consumer demographics, diversified distribution channels, improved customer/producer experience and increasingly personalized customer focus. Emerging technologies have greatly shaped this new strategic thinking and have given Insurance companies significant competitive advantage.
Insurers continue to face a challenging environment on the account of rising operating costs, significant losses from catastrophic events, reduced demand, decreased growth in developed markets and low investment yields. The situation is compounded by the rapidly changing customer buying behavior and ever-widening regulatory landscape.
Global insurers are making technology investments to reduce costs and improve customer retention ֠multi-channel integration, mobility, enterprise risk management, data analytics and business intelligence, social media, fraud detection, legacy modernization and cloud computing.
With our customer focused mindset and desire to become a seamless extension of the modern Insurance organization, ATSS is well-positioned to deliver superior value with its rich service offerings, domain depth and innovative engagement models.
Life, Health and Annuities
The drivers in this segment are related to the impact of Market Economics, changing demographic profiles and third party management of assets. Our core competencies are in the areas of New Business and Underwriting Systems, Policy Administration, Claims Processing, Billing and Collection, Finance and Accounting and CRM.
Property and casualty
Address the changing dynamics within the Property & casualty (P&C) industry with respect to consolidations, changing consumer behavior for products through multiple distribution channels, risk of catastrophes and enterprise integration issues with a focus on usage of analytics for margin optimization and predicting consumer behavior. Our solutions and services help reduce costs, increase top line revenue growth and impact bottom line results. Our core competencies are in the areas of Policy Administration, Claims Processing and CRM.
With sluggish market conditions and ageing technology platforms, reinsurers are faced with an uphill task of optimizing the cost of operations across the whole enterprise. ATSS has extensive experience in providing cost optimization solutions to global insurers in the areas of Reinsurance Management, Testing Center of Excellence, infrastructure Management and others.
Mobile Technology Management
ATSS has developed a Mobile Technology Management Framework that provides a holistic approach for an insurance organization to go mobile.
ATSS offers a Social Listening Solution for the insurance companies to enable insurers to obtain actionable business data and work towards strengthening their business areas and building a reputed brand.
Social Media Management
With insurersҠhuge workforce and client base of diverse ages and financial backgrounds, ATSS realizes that social media represents a great business opportunity.
BI & Analytics
ATSS Insurance BI services help address the dynamic market scenario of changing compliance norms, increased consumerism and financial slowdown through methodical exploration of data enabling statistical analysis and simulations.
Testing Services for Insurance
Business Model Aligned Testing Services - ATSSӳ comprehensive testing solution is driven by insurance industry models to ensure completeness of test coverage across the entire process chain. This solution helps in achieving higher efficiencies and effectiveness in the testing processes by creating ready repository of test cases as per various business functions.
Regulations & Compliance
ATSS has developed a framework that can help insurers to adapt quickly to regulatory changes thus reducing the turn-around-time and increasing the speed-to-market of new products.
In meeting the Insurance customerӳ need for established off-the-shelf software products, ATSSӳ team of product specialists and domain experts have helped customers in selecting best suitable products by undertaking functional gap analysis as well as a comprehensive technical assessment of the products.
The challenge today in front of the ceding companies is the inability to get a consolidated view on their reinsurance management activities. They need this view to optimize their capital needs and be able to meet the requirements that of the competitive business and new regulations demand. ATSS brings a unique offering that helps ceding companies to stay up-to-date with inward and get a single-click view on Reinsurance function.