Automated Framework for Insurance Sector
By CXOtoday Staff
Mumbai, May 13, 2008

Patni Computers, an IT consulting and services provider, has launched a customizable solution framework for the development or modernization of insurance business applications. Initially, the framework will support Patni's application components for Life New Business.

Based on SOA and built using the company's PatniPlus methodologies, these application components are architected to integrate with existing custom or packaged applications within an insurer's systems infrastructure. They incorporate Business Process Management (BPM) and Business Rules Management (BRM) technologies, as well as an insurance reference model that covers all lines of business. Also included is an integrated BI reporting and analytics capability that supports insurer needs for business insight, performance metrics, and increased audit capabilities.

"Poor integration of existing systems and ineffective automation and tools can lead to extended time to process new business applications, inconsistent data capture, increased errors, inaccurate claim payments, and ultimately, unhappy agents and customers", said Ganesh Iyer, SVP for Patni's insurance practice, "This framework is designed to solve these problems by leveraging Patni's in-depth domain experience, technical knowledge and solution components," he added.

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