Insurance Global insurers see an increasing need to expand in core and emerging markets, create innovative products and services for changing consumer insurancedemographics, optimize costs while meeting stringent regulatory norms. GV’s solutions accelerators, insurance IP, end-to-end consulting services and flexible global delivery models have been instrumental in delivering project success for our Fortune insurance clients.We ensure transformational success through our integrated offering of service lines, which encompass consulting, package implementation, outsourcing, technology, infrastructure and process management.
Chances and Challenges
Insurers continue to face a challenging environment on the account of rising operating costs, significant losses from catastrophic events, reduced demand, decreased growth in developed markets and low investment yields. The situation is compounded by the rapidly changing customer buying behavior and ever-widening regulatory landscape.
Global insurers are making technology investments to reduce costs and improve customer retention – multi-channel integration, mobility, enterprise risk management, data analytics and business intelligence, social media, fraud detection, legacy modernization and cloud computing.
The impact of a decade of mergers means insurers are more focused on increasing operational efficiency by investing in legacy modernization and innovation initiatives to transform their policy and claims administration systems.
How GlobalView provide business value:
Insurance capabilities offer agile and innovative solutions to respond effectively to our insurance offerings competition in new channels. We help you build a true digital enterprise through various phases, enabling improved consumer acquisition and increased sales.some of solutions we are offering Business Transformation,Customer Experience,Operational Efficiency.