The global insurance industry is under constant pressure of factors related to regulatory acts, consolidation and convergence of financial services. While competition from other segments of financial services escalates, this industry vertical keeps on posing significant challenges to the companies who run outdated systems in hindering their overall growth process. To succeed in this rapidly-evolving business climate, insurers are compelled to investigate leverage the benefits available from ongoing IT advances. Insurance providers need to focus on increasing their cost-efficiency and time-to-market of services and innovate the ways they service their clients.

While improving their in-house efficiency they can hone their operations to exceed the expectations of their customers. This can be made possible by leveraging the SQA methodologies to enable insurance clients to transform and optimize their existing systems into high value assets. CIS has a specific process in place to analyze your current processes. Our team of professional experts discusses them in an iterative manner, identifies the areas of improvements and comes up with the unique solutions that help you reduce your ongoing operations costs and loss adjustment expenses.

CIS team has an in-depth understanding and insight in addressing the challenges faced by the insurance industry. Our long-term relationships and high rate of repeat business are a testimony to the success of our approach. With a track record of supporting over 20 million life and retirement policies and more 12 million claims transactions annually, we are a preferred partner for leading global Insurance companies. Our IT consulting and software services span a range of Insurance lines of business including Life, Annuities, Health, Property and Casualty and Reinsurance. We achieve this through a powerful combination of Insurance domain expertise, process excellence and a flexible, responsive and personalized approach to service.

Our aim is to elaborately support your entire business needs making it a leading financial service provider in your business domain. We partner with Insurance clients in a variety of engagement models, based on their requirements. Our objectives are manifold and our scope of activities is listed below:

• Agency Management
• Underwriting Solutions
• Proposal & Policy Generation and Distribution
• Policy Administration
• Claims
• Compliance
• Accounting
• Trading & Investments
• Statistical Reporting
• MIS.

CIS’s market-leading integration technologies can help insurance companies :

• Optimize agent networks, improve risk management, and maximize investment returns through better access to analytic tools.
• Fight insurance fraud and lower claims adjusting, processing, and loss expenses through data integration and information sharing.
• Enhance customer service through better access to claims and customer information.
• Quickly implement architectures compliant with HIPAA, and other evolving standards.