With networking of more than 200 professionals with industry-leading strengths in consulting, technology, and sourcing we help clients understand digital consumers - Co-creating inventive products and solutions. Targeting diverse markets to broaden reach and secure conversion.
Our consultants’ experience and industry expertise enables leading global insurers with business transformation, customer experience and operational efficiency needs. Their combined experience across insurance sector and unmatched track record make us a trusted advisor and partner of choice for
the industry and our partners.
As Insurers are continuously facing a challenging environment owing to rising operating costs, losses from catastrophic events, reduced demand, declining growth in developed markets and low investment yields. Further, such a situation is compounded by the dynamically changing customer buying behaviour and ever-changing regulatory landscape.
To overcome this issues more and more 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.
Through strategic acquisition and mergers, more and more insurers are focusing on increasing operational efficiency by investing in legacy modernization
and innovation initiatives to transform their policy and claims administration systems.
The ITVantage Advantage
With more than fifteen years of experience enabling insurers and our partners with a diverse set of consultants offering a full portfolio of service offerings, ITVantage continues to work as a transformation and innovation partner of choice, supporting the entire insurance value chain.
What ITVantage Provides
ITVANTAGE insurance capabilities offer agile and innovative solutions to respond effectively to competition in new channels. Our consultants can help you build a true digital enterprise through various phases, enabling improved consumer acquisition and increased sales.
BUSINESS VALUE
Engaging our consultants’ services helps our customers and partners lower the cost of doing business through improved productivity and simplified business processes.
Business Transformation
- Salesforce-based Transformations
- Underwriting Workbench Modernization
- Ratings and Forms Modernization
- Insurance Platform (TCS BaNCS)
- Closed Book Administration
- Business Rules Extraction and Analysis
- Core Systems Modernization
Customer Experience
- Digital Enterprise Consulting
- Mobility Solutions and Services
- NextGen and Web Portals
- Social Media Solutions
- Big Data and Business Analytics
Operational Efficiency
- Fraud and Claims Analytics
- Systems Consolidation
- Risk and Compliance Management
- Business Process Services
- Domain-led Lean ADM
Our full-services portfolio includes the following:
- IT Services
Business Process Services
- Consulting
- Infrastructure Services
- Assurance Services
- Mobility Solutions and Services
Our Consultants’ services include end-to-end solutions for the following lines of businesses:
- Life and annuities
- Reinsurance
- Property & casualty (P&C)
- Health insurance
- Brokerage
- Specialty lines