CECSoft is uniquely qualified to help Insurance companies with their software development, maintenance, integration, testing, and staffing needs. Our insurance team has rich domain experience and a dedicated business analyst group which helps integrate business and IT. Our Insurance team is a skilled unit, trained and experienced in all aspects of insurance solutions. Demonstrable technical expertise and deep domain cognizance equips us to be effective outsourcing partners for insurers and IT vendors working in General insurance domain.
Standard services offered by CECSoft are:
- Technology coverage
- Offshore Delivery Capability
- Application Development
- Legacy System Maintenance and integration
- IT Staffing
- Business Analysis
- Quality Analysis
- Database Management
Our Insurance team consists of Business Analysts, Project Managers, Developers and Analysts with an infrastructure to support the full life-cycle of development projects. Our Insurance domain team has experience in:
- Commercial and Personal LOBs
- Insurance application software like PMSC, AQS, and Galileo Systems
- Building interfaces between different systems such as AQS to WINS Interfaces
Our Insurance domain team has demonstrable capabilities and experience in insurance solution modules like:
| Policy Management | Rate Engine Management | Document Generation |
| State Reporting | Claims Management | Reinsurance |
| Personal Lines Development | Reinsurance Processing | Agency Interface / Inquiry |
| Earthquake Rating and Policy Management | Interfaces from Insurance applications to Rating Systems | Rating Engines like Duck Creek, Commercial Intellisys, Coverall, PMSC, Ratabase, etc. |
The team has hands on experience in handling insurance functions such as:
| Submissions | Exposure | Quoting |
| Policy Issuance | Renewal | Reinstatement |
| Rate Revisions | Co-Insurance | Policy Verification |
| Claim Adjustors Approvals | Loss reserves | Schedule Payments |
| Clearance | Rating | Binding |
| Endorsements | Cancelation | Reporting |
| Loss settlement | SOX approvals | Recoveries |
| Rate Algorithm Maintenance | Notice of Loss and Registration | |
Our Team has experience on the following types of projects:
- Development of portals for underwriters to access policy applications
- Development of Policy Management Systems
- Interfacing of WINS Policy Management Systems (Cobol on AS400), Renaissance (Claims Systems) and Unisure (Reinsurance Solution by Fiserv)
- Developing programs for various lines of businesses for Personal and Commercial lines including Homeowners Policy, Personal Umbrella Policy, Fire-Dwelling, Personal Auto, Directors & Officers, Property, Surety and Bonds
- Creation of Business Requirements documents for existing legacy applications
- Migration of applications from VB to .Net
- Creation of ETL (Extract, Transfer, Load) tools to transfer data from legacy applications to AQS Policy Systems
- Creation of Agency Interfaces to access core applications of insurance companies
- State Reporting using BA services