Patni Computer Systems announced the development of its customizable solution framework for the modernization of insurance business applications. Initially, the framework will support Patni's application components for life new business.
Based on service-oriented architecture, the application components are architected to integrate with existing custom or packaged applications within an insurer's systems infrastructure. They incorporate business process management and business rules management technologies, as well as an insurance reference model that covers all lines of business. Also included is an integrated business intelligence reporting and analytics capability that supports insurer needs for business insight, performance metrics and increased audit capabilities.
"Poor integration of existing systems and ineffective automation and tools can lead to extended time to process new business applications, inconsistent data capture, increased errors, inaccurate claim payments, and ultimately, unhappy agents and customers", says Ganesh Iyer, senior vice president for Patni's insurance practice, "This framework is designed to solve these problems by leveraging Patni's domain experience, technical knowledge, and solution components."
All Patni frameworks are built using a reference model business process and SOA practices. The frameworks provide insurers with a platform that helps mid-sized to tier one carriers transform their legacy application portfolios across business lines.
© Arc, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to TMSalesOperations@arc-network.com. For more information visit Asset & Logo Licensing.