Global Insurance business is adapting itself to a rapidly evolving competitive and regulatory landscape as it lays the foundation of the next generation Insurance Enterprise. This fast-changing business landscape is driven by changing consumer demographics, diversified distribution channels, improved customer/producer experience and increasingly personalized customer focus. Emerging technologies have greatly shaped this new strategic thinking and have given Insurance companies significant competitive advantage. Zensar has been a trusted partner and collaborator to its global clientele across multiple geographies to provide relevant services to address the multiple areas of need of the Insurance industry leveraging its expertise in domain, technology, tools and test methodologies.
With our customer focused mindset and desire to become a seamless extension of the modern Insurance organization, Zensar is well-positioned to deliver superior value with its rich service offerings, domain depth and innovative engagement models.
Segments
Life, Health and Annuities
The drivers in this segment are related to the impact of Market Economics, changing demographic profiles and third party management of assets. Our core competencies are in the areas of New Business and Underwriting Systems, Policy Administration, Claims Processing, Billing and Collection, Finance and Accounting and CRM. | Property and casualty
Address the changing dynamics within the Property & casualty (P&C) industry with respect to consolidations, changing consumer behavior for products through multiple distribution channels, risk of catastrophes and enterprise integration issues with a focus on usage of analytics for margin optimization and predicting consumer behavior. Our solutions and services help reduce costs, increase top line revenue growth and impact bottom line results. Our core competencies are in the areas of Policy Administration, Claims Processing and CRM. |
Reinsurance
With sluggish market conditions and ageing technology platforms, reinsurers are faced with an uphill task of optimizing the cost of operations across the whole enterprise. Zensar has extensive experience in providing cost optimization solutions to global insurers in the areas of Third party holistic testing services, Oracle R12 upgrade, Infrastructure management services and others. | |
Industry Solutions
Industry Services
Mobile Technology Management
Zensar has developed a Mobile Technology Management Framework that provides a holistic approach for an insurance organization to go mobile. Read more | BI & Analytics
Zensar’s Insurance BI services help address the dynamic market scenario of changing compliance norms, increased consumerism and financial slowdown through methodical exploration of data enabling statistical analysis and simulations. Read more |
Social Media Management
With insurers’ huge workforce and client base of diverse ages and financial backgrounds, Zensar realizes that social media represents a great business opportunity. Read more | Product Services
In meeting the Insurance customer’s need for established off-the-shelf software products, Zensar’s team of product specialists and domain experts have helped customers in selecting best suitable products by undertaking functional gap analysis as well as a comprehensive technical assessment of the products. Read more |
Regulations & Compliance
Zensar has developed a framework that can help insurers to adapt quickly to regulatory changes thus reducing the turn-around-time and increasing the speed-to-market of new products. Read more | |
Insurance