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Cognizant’s LifeAdmin Core™ provides the scale and flexibility to support closed blocks, existing and new business to help carriers achieve their strategic business objectives by focusing on core business. The solution leverages a best-in-class platform and domain-led expansive business process services in a virtually managed as a service model to help you achieve your strategic business objectives by focusing on your core business.
The business advantages include:
Learn how Cognizant LifeAdmin Core can transform your life and annuities business to reduce expenses and promote business growth.
Learn how Cognizant and Oracle are partnering to deliver an end-to-end processing solution with best-in-class service for our global Life and Annuity insurers. Oracle Insurance Policy Administration, coupled with Cognizant LifeAdmin Core, can provide the scale and flexibility to support the new business of the insurers while keeping costs down.
Consistent, optimized operations offer powerful business benefits for carriers, from improved customer satisfaction to additional reinvestment dollars for innovation. The transition to modern, cloud-based applications—for new business and underwriting as well as policy administration functions—is a money-saver. It effectively puts an end to the IT budget bloat of legacy systems and opens the door to additional savings through streamlined business processes. Increasing numbers of insurers are moving their closed-book operations to service models.