services

Insurance

In today’s connected economy, insurance companies face scores of challenges. Beginning with improving service to the policy holders, these challenges include managing traditional and new distribution channels effectively, facing pressures of expanding into new market territories, innovating and bringing new offerings in the market faster than competition and taking initiatives for overall cost reductions. Blurring of insurance industry boundaries with other financial services, its consolidation in matured markets and privatization in emerging markets are some of the other global challenges that insurance industry faces. You could turn these challenges into clear opportunities and competitive advantages by leveraging our insurance industry specific functional expertise combined with technology understanding. We offer customized and software product based technology solutions to life and non-life insurance companies, health/medical insurance companies, property & casualty insurers, organizations dealing with pensions & annuities, reinsurance firms and brokers. NEMO IT provides a comprehensive range of software solutions across the following functional areas for the insurance industry:

  • Sales, multi-channel distribution, marketing & support to intermediaries and policy holders
  • Actuarial services
  • Underwriting
  • Policy management, processing and administrative systems including new policy issuance, modified policy reissue, policy revival, cancellation and rewriting, endorsement processing, reinstatements, renewals etc.
  • Claim handling & processing
  • Accounting & compliance
  • Investment management
  • Back office automation
  • Web enabling the legacy systems
  • Integration of disparate insurance applications
  • Implementation and integration of CRM, eBusiness, eCommerce, B2B, web services,
    self-service portals and other enterprise applications
  • Data warehousing, data mining and business intelligence applications
  • Re-engineering existing applications