Life, Annuities, Retirement & Group
Property & Casualty
Life, Retirement & Group
Our services cover all functions and processes from distribution to claims. We also provide services to the group and retirement markets.
Property & Casualty
Our P&C solutions cover everything from distribution through underwriting. We also specialize in solutions for transforming entire business units.
Our solutions portfolio for insurers includes BPS, emerging technology consulting and systems integration and maintenance.
Cognizant's Life, Annuity & Retirement Business Processing Service (BPS) helps insurers gain a competitive edge by handling routine back-office operations while you focus on revenue-generating activities. As a result, you will not only reduce costs and modernize systems, but better align business and operating models with process optimization. In the U.S., Cognizant is a fully licensed third party administrator where required.
We have strategic relationships with leading software companies that specialize in products and platforms specific to the insurance industry, such as agent compensation, claims processing and policy administration. Our team of business and technology experts will modernize your operations and attain best-in-class technology architecture while managing costs. Cognizant’s Platform Conversion Score (PCS) can help you decide when and where to make investments.
How Retirement Services Providers Can Tap Blockchain Thinking and Technology
Blockchain's peer-to-peer transference technology offers numerous benefits - digital trust, operational improvement and cost reduction, enhanced customer experience, and business resilience. We offer a vision of blockchain technology's potential applications - experimental use cases - for the retirement services industry.
The Sharing Economy: Implications for Property & Casualty Insurers
Collaborative consumption, also known as the "Peer-to-Peer" or "P2P" economy, poses significant risks for insurers. At the same time, consumers' willingness to share and utilize assets and services like Uber and Airbnb offers significant revenue opportunities for P&C carriers at a time when most have experienced flat-line growth.
How Insurers Can Leverage Social and Messaging Apps to Enhance Digital Value
Insurance carriers looking to bolster their digital ROI and reach their clientele of millennials most effectively must look beyond mobile apps and online portals, into social and messaging apps. We offer a roadmap and use cases for enhancing insurers' digital presence.
Digital Process Acupuncture: How Small Changes Can Heal Business, and Spark Big Results
Our latest research reveals that by applying digital remedies to precisely targeted process areas, organizations can relieve operational stress and generate improvements, yielding outsized results that ripple across the process value chain.
A Smart and Connected Ecosystem for Faster Return to Work for Disability and Workers' Comp Insurers
Digital and workers' comp insurers should leverage a wide range of digital health technologies, monitoring devices and wellness analytics to reduce return to work (RTW) times and thereby increase operational efficiency, cut claims costs and offer better outcomes to all stakeholders.
Being Digital: How and Why CIOs Are Reinventing Themselves for a New Age
To get from 'doing digital' to 'being digital,' CIOs need to enable their organizations to deliver IT services that drive innovation, our latest research reveals.
WhatsApp Insurance? Shouldn't WeChat?
By embracing mobile instant messaging, insurance carriers can reduce operating costs and deliver more timely, satisfying and authentic customer experiences.
The growing number of underinsured and uninsured, as well as the increased acceptance of crowdfunding initiatives, introduces new business possibilities to insurers willing to accept upfront risk in exchange for potential long term rewards.
Kidnap and Ransom Insurance: At an Inflection Point
By gathering and distilling meaning from the metadata that exists in the digital world, insurance carriers can mitigate risk for companies that have globe‑traveling executives.
Next-Generation Insurance: Tapping Into the Intelligence of Smart Homes
While the concept of smart homes is not new, the proliferation of household data from sensors and smart devices, plus advances in data analytics, present compelling opportunities for property and casualty insurers. Yet to reap the full benefits of smart homes, these companies must overcome fundamental challenges, including device costs, adoption rates, access to data, the lack of standardized communication protocols and privacy and security concerns.