Baby boomers are retiring and shifting asset accumulation to asset distribution. Generation Y, representing the largest population segment of “digital natives” are entering the workforce and becoming insurance consumers. Technologies such as social, mobile, cloud, big data and analytics are changing the playing field. All of these are presenting new challenges to insurers, disrupting the status quo and creating new opportunities in sales, distribution, products and services.
Our response is specific – services and solutions that help our clients address:
- Customer Focus – Attracting, retaining, and cross-selling to customers
- Business Growth – Improving sales and distribution, accelerating new product and service introductions
- Cost Reduction – Driving operational excellence, improving process, transforming policy administration and legacy environments
- Risk Management – Actuarial modernization, business intelligence, analytics and reporting
Innovation Sets Us Apart! We break down silos, leverage our life and annuity industry knowledge, and apply enabling technologies to generate new ideas and deliver real value.
Virtusa provided a BPM enabled policy administration platform to address problematic legacy system environment for a global life insurance company.