With growing usage of telematics devices and “Pay as you Go” type products, Insurance industry is perhaps the first among the Banking and Financial Services institutions to experience and respond to Internet of Things (IoT) revolution first hand. In addition, the industry is facing multiple challenges ranging from competitive market situation and evolving customer demands to technology driven disruptions like usage of mobiles and more stringent regulations. Navigating this environment with right strategy and partnership is key to success.
Nous with more than a decade of experience across insurance segments, has been involved in many successful transformations with innovative insurance IT solutions enabling our customers reap rich dividends. Be it devising the strategy towards transition to digital enterprise or mobile enabling of sales channels or developing analytics solutions to support enterprise data governance, Nous’ insurance technology solutions has played an important role in these successful transformations.
In addition to core technical strength across different platforms, Nous brings in valuable insurance domain expertise to projects providing a consultative approach to projects. We deliver end-to-end development and testing services for policy administration, claims management, underwriting and billing with our industry standard frameworks and robust practices. With a range of product partnerships in insurance domain, Nous has been able to effectively leverage product and practice excellence to provide best in class experience to customers.
To navigate through the existing challenges and new opportunities and stay competitive, Insurers need to embrace Digital at the heart of Business Strategy to drive innovation, growth and efficiency. Insurers are developing differentiated strategies with innovative insurance IT solutions to carve out a sustainable competitive advantage. Nous’ Digital Transformation solutions help Insurers improve customer engagement, create new business models and launch innovative products by leveraging the power of data. Our integrated insurance technology solutions accelerate your journey to transform digitally by optimizing the potential of Digital Commerce, Mobile, Analytics, Big Data Cloud and Security. We deliver unique customer experience across distribution channels and improve customer self-service capabilities to boost profitability and growth.
We help Insurers harness the power of Big Data and Analytics to achieve greater visibility into customer data. Our holistic insurance IT solutions combine Big Data, Master Data Management, Data Integration, Data Quality and Predictive Analytics to provide a complete view of the customers, allowing Insurers improve customer service and cross sell/upsell products. With a range of data sources (sourced in-house and externally), effective customer analysis and impactful relationship strategies are delivered ensuring retention and growth. We have partnered with InsFocus, one of the leading Insurance analytics platforms, providing robust data integration and reporting modules under a single platform. Backed by insurance specific domain models, InsFocus offer 400+ KPIs and 200+ predefined reports across business domain of sales, underwriting, actuary, finance and regulatory requirements.
With an increasing user base and fast changing technology landscape, carriers are forced to continue to add new technologies to their already complex technology environment. At the same time, due to competitive pressures, the need to reduce costs is very high. Our insurance technology solutions and frameworks migrate legacy systems to new platforms - web, mobile and cloud, helping Insurers modernize their technology infrastructure, seamlessly. We have developed a customer-driven approach to legacy system modernization, focusing on customer experience, business processes and operational models. We have successfully migrated various insurance systems including policy administration, underwriting and claims systems for multiple insurers, to fit specific business needs. We also provide reliable, low cost, scalable support for legacy systems – enabling our customers to focus on new technologies.
We offer comprehensive system audit services covering end-to-end analysis of technology platform with strong focus on ‘Suitability’, ‘Stability’ and ‘Sustenance’. Our expert resources utilize a set of customized in-house tools and proven methodologies to tailor our insurance technology solutions and services to the client’s specific business need and help them traverse the ocean of frequently changing business risks. We provide an objective, independent assessment of IT systems with a proposed transformation roadmap.
With Business Intelligence & Analytics becoming part of Insurance business, selecting the right solutions has become critical. Based on unique pre-built Insurance data warehouse models, Nous implemented Insurance specific BI solution, InsFocus to deliver clear focused information.READ MORE
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