NIIT Technologies Limited, a leading global IT solutions provider, today announced the successful implementation of its next generation policy and claims administration platform, Navigator at Sompo Japan Canopius Reinsurance AG (SC Re), Sompo Canopius’ reinsurance subsidiary.
Navigator offers product management capabilities that allow new products to be configured swiftly without the need for significant IT involvement. Its workflow feature allows insurers to streamline or automate complex business rules. It supports the full lifecycle processing of a policy from submission, quote and underwriting to policy administration, message processing, claims handling and reinsurance, whilst also offering seamless capabilities to consolidate multiple underwriting platforms onto a single platform.
“Our confidence in NIIT Technologies' proven service capabilities and delivery is a result of its successful demonstration and deployment of various projects over the last few years. The use of the Navigator underwriting and claims system will be valuable in the efficient management of our reinsurance business” said Mark Daly, Chief Information Officer at Sompo Canopius.
Atul Sharma, Head of NIIT Insurance Technologies Ltd said, “Navigator is a tool that helps companies with their speed to market, streamline their business processes and help improve overall efficiencies".