Newer technologies are helping insurance companies transform business processes, increase efficiency and productivity. For example, leading insurers are using digitization for better administration. However, effective administration of claims and policies remains a challenge for insurers who have multiple legacy systems. Such companies require a centralized tracking system for policy administration requests and automated processes for data collation and reporting.
With WNS' iPAS-Integrated Policy Administration System - insurance companies can efficiently address the lifecycle management of insurance policies with enhanced control and transparency.
As an intelligent workflow management tool, WNS' iPAS is highly useful for companies with global operations, as it provides a single view of operations across multiple geographies.
The Business Objective
A globally leading provider of life insurance set a business objective to enhance the accuracy of its policy administration system.
How WNS' iPAS Helped
WNS deployed iPAS - its proprietary insurance policy administration system integrator, which seamlessly integrated with the client’s legacy systems. The tool tracked, monitored and reported policy administration activities in addition to providing the client with a unified 360-degree view of its new businesses.
WNS' iPAS enabled the client to enhance the accuracy of its policy administration process. WNS' iPAS also ensured: