Insurance enterprises around the world are confronted with emerging challenges such as soft market, unpredictable disasters, convergence & globalization, increasing customer expectations, new modes of distribution, regulatory compliance pressures and industry consolidations. These compelling forces are driving insurance organizations to undertake initiatives that will shorten underwriting cycles, improve claims turnaround times, and offer customized products with compressed time-to-market.
An important enabler of these business initiatives is an effective Business Intelligence platform that will measure, monitor and manage Key Performance Indicators (KPI) and thus drive business success & enable strategic planning.
L&T Infotech offers you a comprehensive set of services & solutions to help measure and monitor business performance aligned to your organization's business strategy. The Business Performance Measurement services across the insurance value chain empower business users with a better insight into the business book and trend.
We help customers to define alerts and exceptions, perform root cause analysis of problems and trend analysis.
One of our key differentiators is the solution accelerator - Knowbots that provides pre-defined canned reports in functional areas such as sales and distribution, underwriting, claims management and customer management. L&T Infotech has well defined Methodology, which is powered by reusable artifacts and solution frameworks that accelerates the implementation of BI solution and reduces implementation time by 30% to 50%.
To know more about the Key areas in Insurance Lifecycle see a Sample Business KPIs of Knowbots
Performance Measurement Offerings
L&T Infotech offers business focused and IT enabled performance measurement solution addressing all functions across the insurance business, empowering users with a better insight into the business and trends. The key differentiator includes reusable components such as Insurance Logical Data Model, Analytics Capability Maturity Model (ACMM) for Business Intelligence maturity assessment and Knowbots - solution accelerator comprising predefined.
Insurance reports and dashboard. These components can be easily customized based on the clients' requirement.
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Our in-depth DW&BI experience with Carriers and Intermediaries, spanning across various technologies and tools enables us to offer unmatched services that can be customized to suit your business requirements.
L&T Infotech's dedicated DW & BI Centre of Excellence (COE) team works extensively to provide continuous improvements and innovations in services delivered to customers. This group is an extension of L&T Infotech's 'Technology Solutions Group (TSG)' and comprises architects and technology specialists and works closely with domain experts to provide innovative reporting solutions.
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