Closed Block Insurance Outsourcing

Reduce fixed costs and increase profits on your closed blocks of business

Industries/ Insurance/ Reinsurance/ Establishing Agile Efficient Operations /Closed Block Insurance Outsourcing

Are you looking for opportunities to consolidate the administrative platforms that support your business? Do you need options for reducing the underlying fixed costs of your policy blocks that are closed to new business?

NTT DATA helps you maintain the profitability of closed blocks of life insurance, annuity, pension, and worksite business. We convert the closed blocks onto the NTT DATA LifeSys™ platform, transitioning the products from a fixed-cost structure to a variable-cost structure. We assume full administrative responsibility, allowing you to redirect your resources to strategic endeavors.  

Our LifeSys solution:

  • Retires legacy administrative systems and their underlying technology platforms, eliminating significant risk and licensing costs
  • Administers all products on one platform to gain efficiencies and common processes
  • Deploys “best-shore” skilled resources with our global administration model to maximize cost advantages

More than 30 carriers have transformed their insurance businesses with NTT DATA’s end-to-end business function management
 

Our solutions:

Automated Full Time Equivalent
Streamline work processes, reduce errors and boost scalability with NTT DATA’s Automated Full-Time Equivalent (AFTE).

The nature of outsourcing is changing. With increasing costs and complexity, companies must use employees more effectively by shifting them away from repetitive, labor-intensive tasks. Automation of processes help you complete these tasks quickly and consistently, which allows your employees to focus on business-critical activities. 

Our innovative AFTE solution achieves automation with advanced methods and tools. These include:

  • Automation Solutions
  • AFTE Command Center
  • Systems Monitoring and Automation Services
  • Universal Test Automation Framework
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