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Insurance |
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Working with over 40 major insurance companies, Spectrasoft has perfected the right combination of technology expertise and industry acumen to meet the challenges faced by the Insurance industry. The Insurance Center of Excellence (CoE) has been set up to address business requirements unique to the Insurance Industry with a team of dedicated industry experts. Spectrasof industry specialists in Insurance are always available to offer strategic consulting and business process consulting to our clients. |
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Spectrasoft understands the strategic and tactical challenges faces by Insurance Companies and provides optimal business solutions. Spectrasoft has repeatedly ensured business process improvement and hence profitability for client organizations. By delivering complete business solutions Spectrasoft Insurance practice has been consistently gaining satisfied customers. |
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Spectrasoft employs its domain expertise in Life Insurance and P&C Insurance Services to help its clients gain competitive edge. Spectrasoft enables the balance between cost management and customer service excellence. The Insurance Practice focuses on cost reduction, increasing ROI, resource optimization, managing customers and business growth for our client enterprises. |
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Spectrasoft offers e-business implementation, customer relationship management, business intelligence and data warehousing, technology architecture planning and package implementation services in various global locations. |
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Spectrasoft has demonstrated expertise that spans across Life Insurance, Annuity and Pension, Non Life Insurance , Reinsurance, group insurance, employee benefits, health insurance, social insurance and Islamic insurance (Takaful Insurance). |
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Spectrasoft is positioned as an end-to-end solutions provider for the Insurance Industry. Our IT Services offerings in the industry vertical encompass Architecture Consulting, Systems Reengineering , Business Intelligence and Data Warehousing and CRM services. |
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Spectrasoft Insurance Practice offerings can be divided into four major areas, namely, Insurance Sales, New Business, Claims and Finance and Accounting. The Insurance Practice ensures that clients receive benefits that encompass cost reduction, increased revenues, improved customer services and operational flexibility. |
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The Insurance Practice Team |
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Spectrasoft Insurance Practice has a dedicated team of over 400 consultants with functional expertise and business consultants who have worked with many large leading insurance companies. All our industry experts have unparalleled global experience that is coupled with a drive towards excellence. |
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This is achieved by constantly upgrading their knowledge by way of professional certifications, actively participating in key industry conferences and being members of Industry Associations. Some of the main industry bodies we have association with include CII, LOMA and III. |
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Spectrasoft has launched a strategic initiative with LOMA to enhance the domain competency of the software professionals associated with Insurance customers. |
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Insurance Center of Excellence |
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Our qualified team of professionals has demonstrated thought leadership through publishing white papers, approach notes, blue prints and road maps in reputed global publications. The team engages in a dialog with the industry through journals and magazines through readership and contributions. |
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Spectrasoft understands the Process Outsourcing readiness of the client and provides strategic consulting based on experience. Through constant enterprise process optimization and process consulting, Spectrasoft identifies which processes are best outsourced and which are best kept in-house. |
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Using our proprietary pH Matrix tool, we help our clients assess their readiness for process outsourcing. It helps them choose where outsourced processes should be located, identify business process improvement opportunities, baseline their costs and help in building a business case. |
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Spectrasoft Insurance Consulting offerings include Business Process Re-Engineering for New Business and Policy Owner Services We support Claims Processing and Insurance Finance through improved process efficiencies and cost reduction. We offer IT Services Consulting for specific needs like system re-engineering, upgrading or improving applications to better service business requirements. |
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Spectrasoft has pioneered the new age outsourcing business with Spectrasoft The integrated Technology and Operations model ensures that Technology and Operations issues are viewed in an integrated manner. Business Process Improvement leveraged by sound technology investments lead to enhanced process quality, optimal use of resource, cost efficiencies and hence profitability. |
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The Insurance Process Outsourcing business offers solutions in the areas of Policy Owner Services, New Business Services, Analytics, Insurance Finance and Accounting, Claims Administration and Call Center Management. |
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Spectrasoft IT Services Group has been working with insurance clients for over 25 years, helping with ERP Implementation, Business Intelligence and Data Warehousing and more. Spectrasoft IT Services Group also develops new applications and maintains legacy platforms. |
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The other IT Services offerings are listed here. |
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- Customizing and implementing insurance and ERP systems
- Custom application development including mainframe, client server and web
- Application maintenance and 24x7 production support
- Helpdesk, network and server management
- Testing
- Data Warehousing and Analytics
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To recognize the IT Service excellence gained by Spectrasoft, Gartner has positioned Spectrasoft as a ‘niche’ player in their ‘MAGIC QUADRANT for ‘Offshore Applications Service Providers.’ |
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