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In these uncertain times, when the world is trying to recover from economic depression, the general insurance industry is experiencing unprecedented competition and consolidation. As a result, general insurance carriers today need to:

 

  • Out-strategise and outperform the competition,
  • Attract and retain the most profitable agents and partners,
  • Deepen relationships with new and existing customers and,
  • Integrate risk management initiatives with day-to-day operations.

Mastek is a unique technology solutions company that believes in leveraging technology as a tool to deliver dependable products and solutions. Our STG Suite is designed to deliver business transformation to general insurance carriers be it in controlling costs, improving response to market and competition changes or in providing better customer service.

Products
When you have thousands of policyholders, you can hardly expect to interact with them. Well, with STG Billing you can. This flexible enterprise billing solution helps you to combine lines, cross-sell new products, keep your customers informed about changes and encourage them to contact you or your agents with questions.
Key Benefits
  • User-defined payment plans with optional service charge billing
  • Wide range of billing options: Account billing, Third Party Billing, Group Billing
  • User friendly On-Line inquiry capabilities
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STG EBPP expands the functionality of the STG Suite with the latest in digital payment options.
Key Benefits
  • Manages multiple incoming streams of payment data and matches them to outstanding bills.
  • Reduces last-minute payment work for agents, agencies and customer service representatives
  • Improves cash flow and increases profits
  • Reduces handling costs
  • Reduces risk of losses from bad checks
  • Allows agents to view consolidated statement information and drill down into premium details
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Are your legacy systems slowing down processing and leaving you customers dissatisfied? STG Policy Administration is a web-based, rules-driven system that offers the administrative functionality you need to underwrite policies efficiently and bring new products to market faster.
Key Benefits
  • Powerful Scheduled Tasks Processing Engine to generate and print output forms
  • Web-access to policy information for third party vendors
  • Auto-maintains an audit trail of all significant events
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Services
Our experts define your business needs, formulate a strategy, develop an effective technology business model and then implement the change across your organisation.
With proven test processes and methodologies, we combine world-class infrastructure with extensive program management expertise.
We translate your IT vision into reality with solutions that are focused on enhancing customer relations and increasing revenue and competitive advantage.
We help you refocus your energies on strategic initiatives by handing over the maintenance and enhancement of business applications to a reliable partner.
We offer a system that helps organisations catalogue different sources of information for dissemination to many users according to their specific needs.
Mastek's data migration and platform rationalisation offering has helped some of the biggest names in the industry to move their data seamlessly from legacy systems to new administration platforms.
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Predictable Costs in Unpredictable Times
Predictable costs will be a critical factor in taking innovative steps to improve operational efficiencies.
June 03,2009
Mastek’s P&C Insurance Billing Solution Ranked as a Leader by Celent
April 01,2009
Mastek launches STG Electronic Bill Payment and Presentment Module