Marching Towards A Digital And Innovative Property and Casualty Insurance Industry

A Journey Towards Digitally Powered Insurance Sector

Harnessing
The Power Of Digital
In The New Age Insurance

The Property and Casualty landscape is rapidly evolving with increased digital opportunities fueled by macro trends like climate change, global pandemics, cyber, and data explosion. Tetrasoft with its digital-first approach is transforming the way businesses interact in the market by leveraging business, data, and customer insights. A strong focus on both core insurance product implementation along with world-class methodologies has enabled the development of efficient commercial platforms. The usage of disruptive technologies ranging from data engineering, customer experience, quality engineering, intelligent process automation, cloud platforms, mobile applications, and security service lines have fueled market type initiatives.

Business Services

The Stumbles Faced By Property and Casualty Insurance Industry During Digitalization

While the Insurance industry has started taking a leap towards digital there are still many obstacles that carriers have to overcome. Carriers are pivoting from being product-focused and siloed organizations to now being customer-centric and agile organizations. This brings in high dynamism in the organization and not only does it shift the technology landscape but also the way the organization is structured and delivered to this new breed of demanding customers.

Technological
Advancements

Evolving the legacy of technology in the current IT system of organizations to match up to the current digital advancements becomes a significant challenge. Enterprises would need to retake their budget, requirements, and building momentum.

 

Customer
Engagements

The insurance industry strives to achieve enhanced client engagement. However, the sector faces significant gaps as they fail to offer quick and comprehensive insurance services. This causes errors and delays in responsiveness.

 

 

Increased
Competition

A lot of change is being driven by the InsurTechs who are changing the business model. Focusing on the most impactful points in the transformation journey and tying it with customer needs is an important aspect of insurers’ go-forward strategy. Carriers partner with InsurTechs to accelerate their journey.

Rising Cost
Of Operations

Cost ranging from maintaining antiquated systems, regulatory, to increased distribution has been pushing carriers to rethink their operating model. New technology introduction like Cloud and microservices has helped plan for some cost optimization.

 

Outdated
Infrastructure

The increased expectation of potential insured parties despite their outdated information management, workforce, and staff is a definite challenge. This makes it difficult for enterprises to meet the expectations of policyholders regarding the efficiency and streamlining of operations.

Overcoming The Hurdles
With Our Services

AI and Cognitive Capabilities

We help clients in the Property and Casualty insurance industry implement new-age technologies like machine learning, Natural Language Processing, behavior data models, voice authentication, and computer vision led by use case identification and road mapping. These shifts insurers from zooming in on focused areas which would provide the maximum return in terms of business and customer value.

Increased Personalization

Personalization is a powerful tool to enable and enhance the relationship that offers user-based content and hones the customer experience. This approach of moving from a general approach to a tailored user based increases customer retention. Hence, we help customers see the total value which is delivered by the insurance carrier.

Continuous Digital Transformation

The Property and Casualty industry requires adaptation to the digital transformation in terms of technological advancements. Additionally, we provide organizations a scope to design innovative ecosystems, partner with suitable insurance providers, and possess a flexible and agile core system. These benefits bring the possibility of a faster time to market for new services. Our offerings ensure their success and mitigate the risks for enterprises, considerably. core system. These benefits bring the possibility of a faster time to market for new services. Our offerings ensure their success and mitigate the risks for enterprises, considerably.

Cloud-Powered Platforms

Our cloud-powered platforms for the Property and Casualty insurance sector have two-fold benefits. Firstly, it creates a multi-channel and direct relationship with clients. This indicates the goal of exchanging value and using real-time data for accurate gauging of risk. Secondly, redefining the core competencies of organizations by offering services that are well beyond the confines of their outdated insurance models. This makes it feasible to build new networks of partners.

Our Key Areas of Expertise

Data Engineering
and Analytics
Policy
Administration
Claims
Processing
Cloud
Computing
Intelligent
Process Automation

 

Why Choose Tetrasoft To Modernize
Property and Casualty Insurance Industry

Our team of domain and technology experts in the Property and Casualty industry are involved right from ideation, envisioning of new product development to deploying them at scale across the enterprise. We have achieved the experience in developing commercial platforms with our integrated approach. This approach is supported by the use of strong technology platforms that comprise Big Data, Analytics, Cloud platforms, Architecture & Insurance in a Box approach

01
Digital-First Approach in the Property and Casualty industry

Offering a digital-first approach to clients across the insurance value chain.

02
Global Service Models

Running the global service models to get the best-possible class-talent.

03
Operational Efficiency in Property and Casualty

Gaining operational efficiency over Intelligent Process Automation.

04
Enhancing Customer Experience

Offering connected experience for customers that transforms the way that insurances are consumed.

Business Services
Rama Eyunni,

Chief Executive Officer - Tetrasoft Inc.

As an organization, we stand by the recently evolving digital requirements of the property and casualty industry. Our dream team of digital specialists with their 20+ years of experience work towards the smooth integration of cutting-edge technologies into the operational functionality of the sector. This efficiency leads to higher ROI, enhanced client experience, and better meeting of digital transformation-requirements.

Our Client Stories

Our services in the modernization of the P C Insurance sector is targeted at proliferating data, evolving client experience, by using state-of-the-art technologies. Our client stories reflect the same.

Cost-effective underwriting solution for large portal migration for a US-based P&C insurance company

We offered the client 40% cost-savings along with centralized data, higher data preciseness - all of which benefited over 400 Underwriters in the enterprise.

Business Services

Contact

United States

Corporate Headquarters
Tetrasoft Inc.
16100, Swingley Ridge Rd,
Chesterfield, MO, 63017.

India

Tetrasoft India Pvt. Ltd.
Plot Number - 6, Sector - III, HUDA Techno Enclave, Hitech City Rd, Hyderabad, Telangana - 500081.

Call

+1 (877) 7225583 (US)
+91 (040) 67551555 (IN)

Contact Us
ENGINEERING DIGITAL EXPERIENCES