Getting a new product to market faster than one's competitors is crucial to gain traction. Yet, in the race to the finish line, we often see the compromise of not comprehensively testing a product or update before its release. More often than not, this results in flaws or issues that go unnoticed until after launch and can negatively affect the customer's experience and also hurt one's reputation. As a result, insurers need to make sure products undergo significant testing before launch to guarantee success.
Our client had a growth strategy to raise rates on their current long-term care policies. As part of this rollout, the client needed to quality certify the whole process, which required deep knowledge in the areas of premium calculation, accounting, commission calculation, and letter generation. Additionally, the entirety of the process was to be handled in the client's legacy transaction system, FUTUREfirst. The client engaged Virtusa to provide Quality Assurance support for this product-update implementation.