Insurance companies today face multiple business and technology challenges brought in by the ever-changing face of the globalization. On top of this, the advent of financial crunch has put a lot of pressure on Insurance companies to change their business operations models and reorganizing their current IT systems. There is a definite need for insurers to look beyond the obvious and explore better and efficient ways of doing business.

Figure below depicts current challenges and business drivers for Insurance Companies in the current scenario.

As a technology partner of global insurance clients, Polaris combines the understanding of insurance industry requirements with the technology expertise to develop and deliver techno-business solutions.

Key Business Values:

• Reduce TCO by “25-30%” using Intellect SEEC Application Manager Tool for development and maintenance engagements
• Ready to use Business Components that can provide agility and speed to market ? 250 components from Business Component catalog
• Off-shelf, ready to use, pre-build components for “Jump Start” in development activities
• Reduce dependencies on 3rd party vendors
• Ready to deploy Insurance Portals

Experience Polaris:

• Experience working with “5 out of the Top 10 Insurance companies” across the Globe
• Domain specialists with LOMA, CPCU, CII, FIII certifications, and over 600 technical consultants specialized in legacy & new cutting edge technologies
• Developed and maintained large number of core applications for Life, Health, P&C and large broker firms to provide cost savings
• High quality of deliverables through reuse of its existing assets and using tool based approach
• Global delivery capabilities to support global roll out options
• “Jump-Start” solutions to improve efficiency and reduce operational cost
• Experience working across various subject areas like new business, U/W, Claims, Policy Admin, CRM, Agency, Billing, Reconciliation and Portal solutions across end to end service spectrum