Genpact's life and annuity clients include several top-20 life/annuity companies, a top-three reinsurer, the retirement services and insurance divisions of major financial institutions, a top-three global broker, and efforts with LOMA and LIMRA. We provide enterprise solutions across a wide spectrum of products:
- Whole life
- Universal Life
- Variable Life/Universal Life
- Term and other Protection Products
- Fixed and Variable Deferred/Immediate Annuities
- Retirement Services & Investment Management Support (401k plans, superannuation products, etc.)
Key Genpact service offerings include: Application to Issue (A2I) Solution
Application to Issue (A2I) Solution helps life insurers beat lengthy processing times and the high cost per benefit placed by elevating process performance to best-in-class standards. This comprehensive solution streamlines the end-to-end process, paving the way toward greater customer loyalty and bottom line growth.
Transformational New Business Approaches
offer unique ways to transform new business operations for application imaging, indexing and data entry, requirements gathering and underwriting support. Differentiated Customer and Policy Servicing
helps you achieve cost efficiencies and improve customer retention through our expertise in managing insurance processes, both non-financial and financial transactions, including in-force policy illustrations coverage changes and fund reallocations. Enterprise Finance and Accounting
helps Genpact you improve cash flow and increase customer satisfaction through Genpact’s expertise in streamlining and integrating enterprise-wide billing and collection, application and reconciliation. Efficient Distribution and Compensation Management
drives sales force effectiveness, producer satisfaction and cost efficiencies for all channels of distribution. Our forward-thinking approach encompasses on-boarding servicing and compensation management, including career, independent agents, brokers and insurance marketing organizations. Risk Management, Actuarial and Analytics
to help provide decision enabling business insights is a key Genpact strength, taking the burden off you so that you can focus on your business priorities. Our global delivery structure and the depth of our end-to-end analytics and actuarial services enable more informed decision-making for insurers. Rapid Product Development
services enable you to achieve rapid and successful product launches via Genpact’s actuarial services, market assessment, competitor mapping and pricing support.