Point of View

  • Coforge Point of view on how Exact™ & Exact Max™ can be leveraged by Investment firms for Exposure Management

    Insurance-linked Securities offer an effective means for insurers and reinsurers to pass on unwanted risk to the capital markets. This Point of View evaluates the various segments of Insurance-linked Securities and underlines the high potential of AdvantageGo products for helping business leaders with the right risk-mitigation decisions for business outcomes

  • Smarter, Simpler, Secure, and Accurate: How Smart Operations are Transforming Financial Operations

    Back-office automation could help banks eliminate various inefficiencies and discover new opportunities in core functions, such as account opening, credit processing, and fraud prevention. The current PoV outlines why back-office process automation is critical to a bank's digital transformation journey, and how we help clients on this pathway using a robust suite of automation solutions powered by low code platforms.

  • AI-Powered Email Solution for Efficient Claims Management

    It’s not uncommon for insurance businesses to find their service desks clogged with email traffic and often their performance and productivity SLAs are in jeopardy. Our solution based on Intelligent Automation takes this issue head on to bring in a fresh and innovative perspective. When certain common issues can be closed using automation sans human intervention, it makes an extremely compelling proposition.

  • Radically Improving Property Appraisal and Underwriting Through a Cognitive Approach

    Assessing the value of a property right before underwriting is critical and time-consuming especially in High Net Worth cases. The process is riddled with inherent challenges as it is expensive to send an appraiser to every property and a manual appraisal is slow and incomplete while the appraisal results vary widely. There is hence a high likelihood that the current method of appraising properties for underwriting is inconsistent and not cost-effective.

  • Premium Projection: AI-Led Approach to Drive Profitability

    The global insurance industry, after having leveraged technology to streamline its core operations, needs to look now for key intelligence to determine where and how to scale/evolve its business further. Our AI/ML-driven intelligent solution can thoroughly analyze the existing portfolios to determine premium pricing that is a win-win – attractive to the consumer and profitable for the insurer.

  • Driving Insights and Profitability through Automated Policy Docket Validation

    Most mid-sized and large insurance companies process policy data valued at nearly USD 1 billion annually. This involves high document volumes during the insurance life cycle from quotation to final claim. The IT environment to support this typically involves document management platforms that are tightly integrated with core platforms to facilitate policy administration, billing, and claims.

  • Legacy Modernization, Handled with Care

    From an IT standpoint, with operations spanning over decades, insurers, today, find themselves strangled with outdated technologies, high maintenance costs, inadequate resources with legacy skill sets, and incompatibility with newer systems. The result is huge maintenance cost of their applications. Modernization is, thus, vital for the consolidation and transformation of legacy systems. In this whitepaper, we discuss the challenges that the insurers face while carrying out legacy modernization projects.

  • The Art of Multi-Vendor Outsourcing

    In today's outsourcing marketplace, complex, multi-vendor service delivery models offer the potential benefits of leveraging the best-of-breed capabilities. However, they also pose the formidable challenge of integrating and coordinating myriad players with varying roles and responsibilities and ensuring collaboration among disparate teams of providers. A well-defined governance framework enables service providers to view a single objective or goal, with adequate control mechanisms, service level agreements (SLAs), and penalties.

  • Jet-streaming to Better Business

    Mobility is no longer an option. It is a critical business requirement for airlines to enhance passenger experience significantly. Airlines that delay embracing the inevitable proliferation of enterprise mobility may find themselves thwarted by inflexible legacy system environments. To achieve the vision of a mobile future, airlines must invest in next-generation technology that automates manual tasks, shares information, and provides proactive communication to the passenger.

  • Soaring Higher with Ancillary Revenues

    Technology significantly enhances the ability to cross-sell and up-sell products and services. Customers are linked with several brands which ultimately generate revenue for the airlines and also improve customer satisfaction. This whitepaper debates why airlines must rely on technology to stay ahead in an aggressive and challenging carrier industry.

  • A Little Less Oversight, A Lot More Foresight

    Risk management has taken a center stage in the world of finance. The volatility and growing complexity in the financial services industry has made it necessary for regulatory bodies to impose compliance regulation on capital, liquidity, and operations. This paper focuses on how technology interventions can be used to manage the risks better.

  • Transform Now, Win the Future

    Business transformation strategy helps in enhancing customer experience, driving revenues, and facilitating faster decision-making. Coforge, with its transformation initiatives, can help you dramatically alter your company’s business performance by simplifying your application portfolio and using it to build a new IT landscape.