Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
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  • Working to reshape business models, modernize products and enhance customer experiences to drive growth.
  • Reinventing and managing your most essential business processes with new ways of working.
  • Simplifying, modernizing and securing the IT infrastructure and applications that are the backbone of your business.
Cognizant Business Consulting
Helping organizations engage people and uncover insight from data to shape the products, services and experiences they offer
Learn More

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Rely on Cognizant to tailor business strategy and services just for your company.

Just as every person who buys life insurance is different, so too is every life insurance policy, product, carrier and regulatory environment.

For most life insurance providers, what matters most isn’t ready-made solutions, but the kind of deep, practical experience required to tailor services to a carrier’s specific situation. And that is exactly what we bring to the life insurance industry.

CAPABILITIES

Business Processing Services

Life insurance business processing is core to what we do. Every day we manage nearly 30 million life insurance policies, more than 4 million annuity contracts and 14 million closed block policies. Our business and technology experts offer carriers services that address any identifiable business process, simple or complex, to save money or transform an enterprise—or both.

Claims Administration

Our team has developed both group life and disability claims administration systems for major carriers. Leveraging Cognizant’s service-oriented architecture, they can reduce costs and administrative burdens.

Channel & Customer User Interface

Web portals built by experts specifically for the life insurance industry can enhance customer loyalty and streamline communications with employees.

Billing & Disbursements

More efficient and effective billing can reduce the cost of policy ownership and boost productivity. These solutions can also integrate with group customer payroll systems. We also specialize in consolidating multiple small disbursement systems into more efficient enterprise solutions.

Policy & Agency Administration

Cognizant’s custom solutions can manage, integrate and streamline policy administration. Properly tailored systems will reduce the cost of administering a wide variety of insurance products.

For your agents, learn how our agent compensation solutions include business rules for each separate insurance product you offer.

Testing & QA

Making sure your applications run flawlessly is both an important task and a difficult chore. Cognizant’s QA experts can help you every step of the way—or you can outsource the entire process to us.

Core Business Functions

We offer enterprise-wide resource management solutions including compliance oversight, HR systems and a wide range of accounting features. For core business functions, we assume responsibility for a wide range of back-office business functions. Engage Cognizant to reduce overhead and improve your customer experience.

Solution Frameworks

  • Insurance Dashboard: Tracks sales and market trends
  • Intellimigrator: Intelligently ports insurance applications to new platforms
  • LifeEngage: Engages customers in a seamless sales experience with a unified life insurance point‑of‑sale, underwriting and customer service platform. Learn more about LifeEngage http://www.cognizant.com/LifeEngage

Platforms

Cognizant LifeAdmin Core™

Leverages a best-in-class platform to help you achieve your strategic business objectives by focusing on your core business.

Life, Annuities, Retirement and Group | Insurance Business Processing | Cognizant Technology Solutions