Insurance

The Insurance industry combines complexity of business operation with a highly paper intensive model. Insurance data is voluminous originating from multiple sources and demands a high degree of integration, streamlining & process integrity. Since its inception, Oriontek has been developing and implementing technology solutions for the insurance industry. Our solutions help insurance companies manage multiple product lines, decrease operating costs, facilitate multiple channel integration and differentiate themselves in the marketplace. We specialize in building custom-applications for mid-market Insurance companies and large insurance corporations.

Oriontek'S EXPERTISE IN BUILDING LARGE-SCALE POLICY, PLANS AND CLAIMS MANAGEMENT SYSTEMS- With in-depth domain knowledge combined with the latest Java technology framework, Oriontek addresses specific business challenges to design tailor-made solutions for the Insurance sector. Oriontek, along with its ISV client / partner has designed and developed an enterprise-scale Claims Management System which is part of an end-to-end Insurance administration system covering functions like -

  • New Business Application
  • Policy Administration & Integration
  • Agent Compensation & Commission
  • Billing and Collections
  • Plan Administration
  • Plan Set up
  • Claims set up
  • Claims processing - Claims adjudication
  • Underwriting Rules
  • Payments - EFT and Checks
  • Reports (Administrative, Regulatory, Reinsurance reports)
  • Automation of Claims documentation etc.

Involving more than 3000 person days of effort within a span of 10 months, Oriontek executed this large scale project with a global delivery team comprising of

  • Offsite / Onsite Insurance Domain Experts who are part of our company's core consulting team.
  • Offsire / Onsite Java Project Manager with rich Insurance domain knowledge.
  • Offshore based development teams comprising of more than 20 developers and 5 QA testers.
  • Ongoing support and maintenance of the system out of Oriontek, NJ using senior Offsite-consultants available on-demand for onsite support activities.

This application is now being used by some of the Top-5 Insurance Companies in the US

In addition to our excellent domain knowledge in various lines of business insurance, we consult and provide solutions for:

Health & Life Insurance:

  • Long term care
  • Term Life
  • Universal Life
  • Variable Life
  • Medical Insurance
  • Disability

Property and Casualty Insurance:

  • Commercial Lines
  • Automobile
  • Homeowners
  • Excess Liability
  • Workers Compensation
  • Specialty Markets
  • Marine and Flood Insurance

Oriontek's expertise in the Insurance sector assists our clients develop and manage applications that differentiate their businesses and give them immediate ROI. Our solutions help eliminate the need for extensive paper by automating most of their processes, customize their offerings more rapidly to meet consumer and agent preferences, thereby creating measurable business results.

For more information on Oriontek's Insurance Practice please mail us at insurance_softwareservices@Oriontek.com .