New Product Introduction

Bring new insurance products to market faster and capture more market share

Industries/ Insurance/ Life and Annuity /New Product Introduction

Insurers need to create new products and market them quickly to remain competitive and keep customers happy.  But your product development initiatives may be constrained by legacy system functionality, cost or lack of resources.

NTT DATA can help you bring your new products to market in a fraction of the time and expense it would cost you to do it internally. Our experienced insurance team delivers a fully packaged, flexible and customizable solution that puts you ahead of the competition and helps you capture market share.

While you retain control of underwriting and claim decisions, we deliver the new business processing, in-force administration and claims processing on your behalf for products such as:

  • Term Life
  • Ordinary Life
  • Endowment
  • Interest-sensitive Whole Life
  • Universal Life
  • Voluntary, Worksite and Group Benefits
  • Annuity: Fixed, indexed and payout for qualified and non-qualified business
  • Disability: Long-term and short-term, guaranteed-renewable
  • Internet of Things (IoT)

Insurance Industry Recognition for NTT DATA
High Performer: Blueprint Report Insurance-as-a-Service
HfS Research, The Services Research CompanyTM, August 2015

Our solutions:

Automated Full Time Equivalent
Streamline work processes, reduce errors and boost scalability with NTT DATA’s Automated Full-Time Equivalent (AFTE).

The nature of outsourcing is changing. With increasing costs and complexity, companies must use employees more effectively by shifting them away from repetitive, labor-intensive tasks. Automation of processes help you complete these tasks quickly and consistently, which allows your employees to focus on business-critical activities. 

Our innovative AFTE solution achieves automation with advanced methods and tools. These include:

  • Automation Solutions
  • AFTE Command Center
  • Systems Monitoring and Automation Services
  • Universal Test Automation Framework