India-Based Insurance Regulatory Body achieves … · Indian Insurance Industry ... orderly growth...
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India-Based Insurance Regulatory Body achieves Enterprise-wide Business Process Automation, enabling e-Filing of Applications & Returns for Indian Insurance Industry Client Indian Insurance Regulatory Body, formed to protect the interests of policy holders, and to regulate, promote and ensure orderly growth of the insurance industry in India. Challenge The client wanted end-to-end business process automation of all its departments, supported by e-Filing of applications & returns by external stakeholders, thereby generating standard and ad-hoc analytical reports. Benefits Quick and easy e-Filing of applications & returns by all Life & General Insurers & brokers in India. Reduced TAT for processing, and approval of applications for new product filings, broker / agent / surveyor licenses, etc., through BPM. Ready availability of analytical reports and dashboards, thereby resulting in improved monitoring with respect to compliance management. Simple & convenient grievance handling and tracking. Solution Facilitated easy and timely acquisition of data from the insurance market. Data validated, checked for consistency and stored for easy reporting, in a central data repository. Robust reporting, covering 400+ standard reports. Ad-hoc Analysis and Dynamic Querying by users, for generation of Ad-hoc reports. Developed 30+ dashboards for senior level management.
Transcript of India-Based Insurance Regulatory Body achieves … · Indian Insurance Industry ... orderly growth...
India-Based Insurance Regulatory Body achieves Enterprise-wide Business Process Automation, enabling e-Filing of Applications & Returns for Indian Insurance Industry
Client
Indian Insurance Regulatory Body, formed to protect the interests of policy holders, and to regulate, promote and ensure
orderly growth of the insurance industry in India.
Challenge
The client wanted end-to-end business process automation of all its departments, supported by e-Filing of applications &
returns by external stakeholders, thereby generating standard and ad-hoc analytical reports.
Benefits
Quick and easy e-Filing of applications & returns by all Life & General Insurers & brokers in India.
Reduced TAT for processing, and approval of applications for new product filings, broker / agent / surveyor licenses, etc.,
through BPM.
Ready availability of analytical reports and dashboards, thereby resulting in improved monitoring with respect to
compliance management.
Simple & convenient grievance handling and tracking.
Solution
Facilitated easy and timely acquisition of data from the insurance market.
Data validated, checked for consistency and stored for easy reporting, in a central data repository.
Robust reporting, covering 400+ standard reports.
Ad-hoc Analysis and Dynamic Querying by users, for generation of Ad-hoc reports.
Developed 30+ dashboards for senior level management.
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