Life & Annuity insurance and Property & Casualty insurance
NTT DATA provides solutions and services that cover legacy modernization, automated off-the-shelf that are essential to both Life & Annuity insurance or Property & Casualty insurance businesses. These solutions cover the entire value chain, including underwriting, claims, documentation, reinsurance, billing, and accounting.
- Vertical Specific Softwares
FirstLife is a single system for both traditional and unit linked plans. It supports all types of life insurance including Pure Term Insurance, Endowments, Annuities, Pensions, Long Term Care Insurance, Health & Disability Insurance, Retirement and Financial Protection. It provides an efficient fund creation tool ensuring seamless flow of accurate data during fund switch transactions.
FirstGen is a web-based policy administration system, which covers the full cycle of insurance operations from point of sale right through to the general ledger. FirstGen supports all classes of P&C insurance to cater to the insurance industry’s requirements. FirstGen is flexible, scalable and can quickly be deployed. Additionally, FirstGen supports multi-currency transactions along with multi-lingual capabilities.
- Business Process Outsourcing Solutions
Insurance organizations rely on us to provide customized yet cost-effective end-to-end process solutions to enable them to respond to market challenges and drive successful business outcomes. NTT DATA’s BPO solutions span the entire insurance industry value chain and include new business support, contract, and policy administration, claim adjudication and processing, customer service, finance and accounting functions.
- Document and Content Management Solution
Insurance is a document-intensive industry, and NTT DATA can help you by strategizing, supporting, and converting document management and content management systems, delivered in partnership with HP Exstream.
- Legacy Modernization
From policy administration and claims management to distribution management, our Legacy Modernization solutions span the entire value chain, enabling you to bring your systems up to date, manageably and affordably. Through application portfolio assessments that produce immediate and incremental cost savings, many of our clients self-fund the transition to a new platform.
Property, casualty, life and annuity insurance companies rely on NTT DATA to support their facultative and treaty needs. NTT DATA has a deep experience working with reinsurance companies around the world. This combination of expertise enables us to deliver seamless solutions that integrate direct and reinsurance companies across multiple platforms and technologies.
- Vertical Specific Software
FirstRe is a fully integrated software solution for the reinsurance industry. Operational and business process support for both Treaties (Proportional and Non-Proportional) and Facultative (Property, Marine, Casualty, Life, Accident, Disability etc.) is catered for, as well as handling of Direct and Retrocession businesses. The application provides seamless integration between Reinsurance Underwriting, Claims, Retrocession, Risk Accumulation and Control & Accounting.
Our solutions give both direct and reinsurance brokers the power to compete effectively in markets around the world and interface with external agencies.
- Agent/Customer/Employee Self-Service Portals
To give benefits of empowering agents to perform tasks themselves, NTT DATA not only builds and supports portals, but also integrates them with internal and external agencies.