The regulators are watching like never before. Insurance legislation has proliferated, and so have financial penalties for non-compliance. While you continually evaluate global operations and product innovations to meet regulatory and claimant requirements, you’re hindered by inefficient processes, inadequate resources, and outdated technology platforms.
Cognizant can help. Our worldwide, virtualized team of more than 800 certified (LOMA, AICPCU, ACCORD, FP1) professionals and 9,000 insurance technology specialists is an important differentiator. Others include our discipline,
process-driven culture, and expertise delivered via advanced, platform-agnostic technology solutions.
Services We Offer
Our BPS offerings cover a broad spectrum of processes across the Life, Property and Casualty, Retirement Services and Annuities value chains. Employing our four value levers—efficiency, effectiveness, virtualization and innovation—we help you reduce costs, stay nimble and outmaneuver your competitors.
In addition to vertical market expertise, our virtualized team offers you related consulting advice and tools in several horizontal BPS solution areas, including finance and accounting, procurement, and research and analytics. Among our services are:
Enrollment and fulfillment
Closed book processing
Billing and collections
Claims set-up and assignment
Payment and settlement