Offerings that help you transform your business
If you’re a carrier looking to transform your business, Innovon Tech’s end-to-end Mainframe service offerings can help you achieve your goals. How? Through differentiated digital channels, faster speed-to- market for new products, modernization of your IT platform and enablement of scalable business throughput. We can also help you to achieve TCO reduction for your IT and business processes.
Innovon Technologies has delivered industry leading services across the globe that have helped insurers achieve successful business transformation. Here are examples of services we have delivered.
Implemented a direct-to-channel platform for a leading insurer in Australia/New Zealand, which included the business launch of three personal lines products—motor, home and landlord. This drove:
• Increased digital footprint and market penetration
• A scalable platform that offered new products
• Faster onboarding of partners
• A seamless customer journey and UI/UX experience on the client’s web platform
• A three-layered scalable technical architecture on web, middle-tier and mainframe
• An increase in gross written premium
• Significant reduction in call-center traffic
Implemented a multi-LOB (line of business) transforming mainframe platform for a mid-sized insurer in the US from on-premise, which enabled operational efficiency.
Helped multiple insurers in their transformation roadmap by providing:
• Product rationalization
• A tailor-made product offering roll-out
• Nimble product definition
• Highly effective distribution channels
• Agents and broker houses with digital-ready channels
• Mobilization of a distribution channel for agents and seamless real-time integration with point-of-sales
• Implementation of a better discounting model and commission dial-down model
• Enablement of customer 360 view for business by integrating mainframe with CRM
Helped a carrier increase its competitive edge and speed-to-market through implementation of framework-driven and white-labeled approach of partner onboarding for a leading insurer, which achieved a 50% increase in speed-to-market.
Implemented a single underwriter engine which enabled a faster end-customer question-set receipt and response.
• Tailored the implementation for variations that occur across different regulators
• Increased operational efficiency through a single common platform
• Unified the platform to run the CTP and WC (in progress) business
• Sunset the client’s legacy tech landscape
Implemented new enhancements mainframe and progressively sunset their legacy system.
Provided self-sustained agile POD teams delivering rapid mainframe platform enhancements in a multi-technology landscape.
Enhanced mainframe applications with greater offshore leverage, providing outcome-based managed services.
