Crafting Innovative Insurance Operations
Today’s customers expect seamless, convenient and accessible digital experiences from their insurance providers. For businesses, this involves driving operational efficiency and cost reduction through industry-recognized services, frameworks and automation, enabling insurers to self-fund transformation.
HCLTech provides point solutions as well as end-to-end business transformation offerings to enable the optimization of current models while enabling new models. Our offerings address initiatives around data, architecture, experience and intelligent automation that deliver significantly differentiated and superior value for a carrier, distributor and customer, typified by reduced turnaround time and cost, improved personalization, optimized pricing, risk assessment and increased opportunities
Streamlining Operations and Driving Cost Reduction
Explore our closed book administration and insurance operations solutions to experience the power of AI and automation for enhanced competence and cost reduction.
Insurance application support and maintenance (ASM)
Optimize and effectively deliver IT operations while leveraging AI-led processes and ASM 2.0 framework, benchmarked across customers to help insurers self-fund transformation.
Insurance-focused automation
We provide intelligent automation solutions across the insurance value chain to build process efficiencies through new business and servicing, intake, claims, underwriting, fraud and RPA-agnostic use case.
Closed-book administration
We provide end-to-end closed-book administration services for insurers through a regulated entity, with insight-driven and cost-effective operations. Through a tool-driven portfolio migration framework, we drive a 50% reduction in migration and reconciliation efforts.
Unified workbench
We enable seamless solutions for straight-through processing from contact to fulfillment by integrating multiple core and peripheral systems, mitigating migration risks with lowered cost of operations.
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Why HCLTech for Closed Book Administration and Insurance Operations?
Our closed book administration and insurance operations solutions for the insurance sector offer vast expertise and capabilities. With over two decades of experience, we have developed deep domain knowledge and functional skills to deliver excellence across IT and operations within the insurance business portfolio.
We help financial services firms across the insurance value chain with tailored point solutions to empower their journeys.
End-to-end capability
Delivering service excellence with deep domain expertise
Automation solutions
AI-led accelerators and tools to drive efficient operations
Budget friendly
~50% cost savings, 45% productivity gains, 40%+ faster product rollout
Partner ecosystem
Accelerate your efficiency engineering journey by 2X
Insights and News
Transformation trends in life insurance
Learn about the transformation journey, from new business and underwriting processes to final policy delivery
Working with industry cloud for UK-based insurers
Learn how HCLTech accelerated a digital-first transformation journey and enabled a composable insurance industry cloud
