Insurance industry is faced with tough challenges in the form of increased competition, demanding customer base, ageing population, growing regulatory scrutiny, rising healthcare costs, increased frauds, managing distribution channels, attracting and retaining customers. To overcome the challenges and gain strategic advantage, Insurance companies need to manage insured’s and claimant’s data across all their product lines, understand the complex hierarchies and consolidate data from multiple systems so as to derive meaningful insights on their products, accounts and claims data.

Hexaware’s expertise in providing high-end insurance analytical solutions is based on a sound understanding of the KPIs used to measure the performance of life, general and specialty insurance businesses. Our Insurance analytics jumpstart kit covers key metrics and dimensions of channel performance, sales growth, claims processing and underwriting and helps your managers quickly zero in on operational inefficiencies and remove process bottlenecks. Our intuitive charting of health indicators patterns in combined ratios, lapse ratios, channel persistency, underwriting efficiency, campaign effectiveness, claims TAT etc. foster quick acceptance and adoption by the user community. This in turn facilitates fast rollouts and early returns on your investment in insurance business Intelligence frameworks.

Leveraging our in depth business and technology expertise in Insurance domain, we have built different prepackaged analytics packs that can help you jumpstart the analytics implementation and save costs and efforts by upto 40%. Our key offerings include:

• Claims Analytics
• Channel Analytics

Some Customer Facts:

• Global Roll Out of PeopleSoft EPM-HR Warehouse for a leading Insurance giant in USA.
• Multiple report development built  on reporting factory model with report delivery in release based model for a leading Insurance Company in USA.
• Consolidation of Insurance Data Warehouse with Banking Warehouse for a leading Insurance firm in Europe.

Why Hexaware

• Extensive experience in providing Business Intelligence solutions to Insurance industry globally.
• Leveraging our wide experience in Insurance domain, built Pre-built Insurance analytics to jumpstart the development.
• Deliver industry standard reporting and analytics by leveraging our strong partnership with eBao.