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Operational Efficiency

Crisis or No Crisis – Efficiency and Effectiveness in the way business is conducted, drives the marketplace of today.

Disruptive innovations, ever-changing consumer behavior, cut-throat competition, and other macro-economic conditions, are driving today’s insurers to optimize their operational strategies. Aggravating this situation are the constant mergers & acquisitions within the industry, which result in the onerous task of integrating the systems landscape of these disparate entities, without impacting Business-as-Usual (BaU).

LTI, with over 20 years experience in the Insurance marketplace, across Carriers, Distribution Channels & Product Companies, is uniquely positioned to help drive operational efficiency and effectiveness in turfs across the globe.

We have a basket of Automation solutions, which are an integral part of our Automation Framework, and are customized & deployed selectively as per the nature of services provided to the client. An enterprise-wide automation strategy enables us to plug & play a combination of in-house tools with other tools available in the market.

Our clients have typically benefitted from our Insurance Business & Operations Optimization services, accomplishing the following business outcomes:

  • Shortened Underwriting Cycle by 50%
  • Improved Underwriting Decision Ratio by 25%

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    Our Offerings

    Cloudification

    Cloudification

    Migrating to cloud PAAS, and Cloud native development for ‘agile enterprises’

    IT Automation

    IT Automation

    Real-time single-pane platform, allowing aggregation of monitoring metrics, proactive alerts, reduced downtime & application failures

    Insurance Process Automation

    Insurance Process Automation

    Business Process Automation, using Robotic Automation, Machine Learning, etc

    Our Solutions

    CloudX<sup>TM</sup>

    CloudXTM

    Cloud Management Toolkit to help transform the heterogeneous application landscape for Insurance companies

    AssurePro

    AssurePro

    A unique BPM implementation kit, with innovative frameworks for execution of BPM

    iKnowbots

    iKnowbots

    The solution facilitates business performance measurement across claims process, sales & distribution, underwriting and customer management