Hansa Solutions: A Complete system for Entire Life Insurance Process
Legacy systems and obsolete technologies are the biggest challenges faced by the insurance companies. Bringing technology transformation to insurance industry can streamline the insurance processes. Imagine an agent who can reach the available clients in the neighbourhood with a push of a button on his smartphone. He can access the customer information from a hosted web CRM and can communicate with them over SMS. He can also enter his client’s information and generate Quotation. Acknowledging the powerful technologies, commonly known as CAMS (Cloud, Mobile, Analytics, and Security), Hansa Solutions has put its best foot forward and developed a platform that streamlines the insurance processes. Hansa Solutions offers ‘Insurance One’ an integrated platform which is a one-stop solution for an end to end insurance processes comprising Policy Administration in Toto and all core modules like New Business, Underwriting, Claims, Policy Servicing, Reinsurance, Valuation, Channel Management and portals.
Apart from the core administration system, the internal modules can be implemented independently or as a complete suit and they include all the features of CAMS. Hansa Solutions understands the intricacies involved in the insurance market and therefore, provides software and IT services to every segment of the insurance industry. The company focuses on automating the business processes associated with insurance. The important aspect of an insurance business is the underwriting process. Often, there is a gap between underwriting process and the time required to carry out the risk assessment. In such times, ‘Insurance One’ makes quick underwriting processing possible and also automates the risk assessment keeping track of it for future reference.
“For insurance companies, selling their products and services is a challenging task. Hansa Solutions provides measurable performance monitoring solutions for any salesforce hurdles,” says Balakrishna Sastry K, Chairman & Managing Director, Hansa Solutions. Hansa Solutions has a team of industry-leading expertise and technocrats who are dedicated to providing innovative, flexible, and user-friendly solutions in the insurance and reinsurance market.
Apart from the core administration system, the internal modules can be implemented independently or as a complete suit and they include all the features of CAMS. Hansa Solutions understands the intricacies involved in the insurance market and therefore, provides software and IT services to every segment of the insurance industry. The company focuses on automating the business processes associated with insurance. The important aspect of an insurance business is the underwriting process. Often, there is a gap between underwriting process and the time required to carry out the risk assessment. In such times, ‘Insurance One’ makes quick underwriting processing possible and also automates the risk assessment keeping track of it for future reference.
“For insurance companies, selling their products and services is a challenging task. Hansa Solutions provides measurable performance monitoring solutions for any salesforce hurdles,” says Balakrishna Sastry K, Chairman & Managing Director, Hansa Solutions. Hansa Solutions has a team of industry-leading expertise and technocrats who are dedicated to providing innovative, flexible, and user-friendly solutions in the insurance and reinsurance market.
In conjunction with the business strategies and technology, Hansa Solutions assists its clients in comprehending their business needs and help them in the implementation of the insurance processes.From reinsurance administration to risk assessment to policy administration, Hansa Solutions has simplified the insurance processes for its multitude of customers. Out of those customers, one was India’s largest insurance company which was grappling with its reinsurance requirements and consulted Hansa Solutions for a way out. Hansa Solutions supported their growth objectives with Hansa Reinsurance solutions. Performing accurate calculations of premiums by applying complex actuarial rules, Hansa Solutions recovered a hefty amount from reinsurers and provided an improved reinsurance administration to its client. Hansa Solutions’ insurance offerings have assisted numerous clients to deliver a high quality of service, significant cost take-outs, improved process efficiencies, and compliance with regulatory guidelines. SBI Life, Kotak Life, Aviva, Met Life, ICICI Prudential Life, Birla Sun Life, GIC Re and RGA Re are few of the insurance and reinsurance companies that Hansa Solutions have helped.
Hansa Solutions understands the intricacies involved in the insurance market and therefore, provides software and IT services to every segment of the insurance industry
The Company anticipates merging of all insurance channels, processes, and entities in a manner such that data can seamlessly flow from one system to another. Also, Hansa Solutions is continuously investing into CAMS based solutions in risk management, channel management, product marketing campaigns, and social media analytics.
Sastry believes that rationalizing IT operations and supporting hosted product based solutions is the road to being a successful insurance company. “Integrating customers, vendors, and external partners into processes with seamless access to real-time data sources can maximize the reach to customers and ensure effective and realizable IT investments,” he concludes.
