Insurance Practice

To succeed in a dynamic marketplace, carriers must launch new and innovative products in the market faster than the competition, cultivate new distribution channels and deliver higher levels of customer service. But the current IT systems of carriers lack the agility needed to support these evolving business demands.

Mastek's Insurance Practice delivers to your key business and technology challenges.

Your Business challenges

  • Wasted growth opportunities due to limited capabilities for new business acquisition and product development, and poor client service delivery
  • Leakage of profits due to underwriting inaccuracy and claims inefficiency
  • Slow inorganic growth as IT architectures lack the necessary integration capabilities and do not support global business models
  • Low profitability due to increase in IT development and maintenance costs

Your Technological challenges

  • Multiplicity of systems and interfaces
  • Data duplication creating data integrity issues
  • Difficult to maintain
  • Risk of obsolescence
  • Encumbered integration of additional books of business and acquisitions

How the Elixir platform addresses your challenges:

  • Supports multiple product lines and multiple channels
  • Supports end-to-end business processes from sales illustration to claims/ payouts

A component-based approach allows you to easily integrate external and legacy systems as components through SOA

US Insurance thrust
Mastek decided to focus on the insurance industry because we felt that, with our deep understanding and experience in this domain, we are particularly well-suited to help insurers improve the way they operated.
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Insurance experts
Mastek's Insurance practice is supported by over 700 dedicated insurance domain consultants with industry certifications such as CPCU and LOMA. Following are the key experts based in the United States of America : Stephen
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Mastek Global CoE in Insurance
The Mastek Global Center of Excellence is our nerve center for service delivery, solution incubation and strategic offshoring. We invest to keep pace with the developments in the insurance industry so we can provide
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