BUREAU MAINTENANCE SERVICES
With LTI’s ReFORM, carriers and insurance software vendors experience Bureau (ISO, AAIS, NCCI) Rate and Forms compliance certainty through a lean process model enabled by proprietary solution accelerators. Our clients have typically benefitted from ReFORM services with the following business outcomes:
Cost Savings: Over 50% cost savings due to uniform, efficient and optimized service.
Speed-to-Market: 20-30% faster rollouts of products due to accelerated implementation of Rate & Form changes.
Quality Improvement: Improved product quality and compressed testing cycles due to dedicated teams for handling circulars.
Focus on Innovation: Allows company personnel to focus on core competency & business growth activities.
ACORD STANDARDS COMPLIANCE SERVICES
Implementation of ACORD Standards, the first of its kind in India, for Reinsurance & Large Commercials (RLC), for one of the leading Indian Reinsurers, establishing a two-way communication between Reinsurer and Broker for Accounting & Settlement.