Insurance
Insurance Industry today is facing several challenges including coping with an unfavorable economic climate, a plethora of new regulatory and financial reporting changes, capital adequacy issues. This coupled with increased risk levels due to the current global conditions has created a strain on the industry in general. Successful companies are overcoming these challenges with innovative use of Information Technology especially e-business, Enterprise Integration, Data Warehousing and Business Intelligence.
ANT Expertise:

We have been successful in delivering strategic IT solutions to our clients. These solutions are focused on delivering business value such as reduce time to market new products, improve operational efficiency, customer service, proactively address market risks.We have been successful in combining a deep understanding of the Insurance domain, technology expertise with our Global Flexi-Delivery Model to provide innovative and cost effective solutions.

ANT Offerings:

Our Technology Solution offerings include:

Implementation of ACORD STANDARDS
We provide implementation services for Acord and other industry standards. We partner with insurance companies to build a proof of concept to showcase the value of standards-based applications.Our ACORD compliant XML-based integration tool speeds up integration and transformation, ensuring savings on time and cost.

Partner Services Framework
We have designed a Partner Services Framework for Reinsurance companies. The framework is a set of reusable components that can be used for building an application for servicing brokers and cedants. The framework is easily extensible and can be used across Marine, Aviation, Casualty as well as Property lines of businesses.

Integration services using Web Services and EAI tools
Based upon its cumulative experience in multiple forms of application integration and web service technology platforms, ANT offers Enterprise Application Integration (EAI) services

Workflow based solutions
We have developed a sophisticated workflow tool - WOLFT for insurance companies. The tool can be modeled to fit the exact business processes of any specific company and can significantly increase the efficiency of Policy origination, underwriting and policy closure process and Claims initiation, adjustment and settlement process, besides other internal processes.

Integrated Agent Extranets
To reduce policy origination and policy servicing costs and increase communication efficiencies with their agent networks, insurance companies face the challenge of either building new agent extranets or significantly upgrading any that are already existing. We build extranets for agency networks using both Bespoke software development using content management tools and Internet technologies and Standard portal servers.

Enterprise Information Portals (EIP)
We build Enterprise Information Portals that tie all streams of data, from all channels and all back office systems, to produce a unified, up-to-date view for customers, channel partners and employees. ANT has the expertise to build ground up solutions as well as implement off-the-shelf content management products to meet diverse customer needs.

Our Insurance domain services extend to:

Life & Annuities:
  • Insurance B2B portals
  • Case Management
  • Policy Administration
  • Test Frameworks
  • Application Consolidation Analysis

Property & Casualty:
  • Rating Engines
  • Fraud Management Systems
  • Claims Management and Administration
  • Business Intelligence
  • Portal Consolidations
  • Managed Business Processes.

Re-Insurance :
  • Customer Self Service portals
  • Rating Engines
  • Claims Processing
  • Vertical Product Services
  • Generic Offerings
  • ACORD Implementations
  • Decision and Rule Engine Algorithm Development, Solution Architecture and Implementations
  • ISO ratings and reporting solutions
  • Portfolio Analysis
  • Package Implementation

ANT AdvantEdge:
  • Insurance
  • Increased speed to market and Improving operational efficiency
  • Improved customer retention and yield
  • Thorough understanding of Insurance domain
  • Global Flexi-Delivery Model lowering Total Cost of Ownership (TCO)
  • Innovative use of e-Technologies
  • A library of insurance specific and other components ensure accelerated development cycles