Insurance:

Insurance companies face several challenges like industry consolidation, regulatory pressures, and shrinking margins. Along with those challenges, demands from shareholders and stakeholders are quite high to stay competitive. In order to stay competitive, they need to transform their processes and operations, improve profitability, reduce cost and meet the ever growing need for improved customer service.

Senate® brings together deep understanding of the insurance industry and wide experience of the insurance market. Senate®’s dedicated Insurance Practice with a powerful combination of domain experts and techno-functional consultants offer business-driven technology solutions to the insurance industry worldwide. We provide end-to-end business solutions and support to all processes in the policy life cycle. Our services range from product definition to claims settlement for Property & Casualty (P&C), Life & Annuities, and Asset Management.

Senate® provides innovative solutions to insurance industry leaders and Fortune 500 insurance companies. These insurance solutions leverage Applications, Business Process Outsourcing and Infrastructure services. Our professionals have helped a number of insurers globally, transform their enterprise and meet the cost and efficiency challenges. Our in-depth experience and competence in domain, technology, tools, and ‘tried and tested’ methodologies help our customers cope with today's complex business challenges in the Insurance world.

We are passionate about strengthening our insurance clients’ businesses by aligning IT and business systems in a way that’s solid and risk free.

The insurance industry is built on risk management. But it’s our job to help you contain it with IT that matches your business objectives.

We know that cost reduction and lowering total cost of ownership are major priorities in the insurance industry. It’s important to reduce indemnity expenses and settlement costs. With the right IT solutions, you’ll discover that labor and training costs often decline because of more timely information access and enhanced productivity across virtual teams. The result is more satisfied customers and increased revenue through higher policy renewals and new-policy insurance.

About Our Insurance Team

We work with insurers in three core areas: Property and casualty, life insurance, and Quality Assurance & testing. Strategic long-term partnerships are our focus. Our clientele includes global leaders in the insurance industry.

We attract and retain top technology and business experts. So you are assured of working with the best talent. With more than 5 global delivery centers we combine a unique onsite/offshore delivery model recognized for its cultural emphasis on customer satisfaction.

We are experts in IT consulting and innovators in insurance solutions. We deliver it all. By working in every aspect of the industry, we have the experience to create services and insurance solutions that can help you reshape your organization for new successes and profits.

Senate® Insurance Services Portfolio

Business Consulting

• Policy Administration
• Agency Compensation
• Claims Administration

Application Services

• Application development & Management
• Legacy Modernization
• Auto-updating Documentation Solutions
• Quality Assurance & Testing
• Enterprise Solutions (ERPs)
• Enterprise Content Management

Back Office and Process Optimization

• Process Consulting
• Claims pre-processing & Adjudication
• Manual Policy Data Migration
• Electronic Agreement Management Solutions

Support Services

• Business Intelligence and Analytics solutions
• Business Rule Engine Services