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Reinsurance Services

Overview

  • Challenging times for reinsurers in terms of revenue growth and tightening margins
  • Need to underwrite more risks to sustain growth
  • Look for international platforms and product diversification, and opportunities to deploy capital efficiently
  • Firming renewal rates
  • Mild bounce in investment returns
  • Increased MA activity as businesses seek to gain access to capital, scale advantages and diversification benefits

Technology facilitates reinsurers to address the business challenges. Introduction of better risk and decisioning systems leading to effective underwriting, Standardization of processes by integrating the disparate systems and providing a unified view of operations, automation of manual processes would result in significant process efficiency, cost benefits and increased customer satisfaction.

HCL Domain Expertise

  • HCL has proven experience in both Facultative and Treaty Management
  • Domain expertise across Life and PC reinsurance
  • Business Re-engineering for leading global reinsurers
  • Experience in Transformation of Underwriting frameworks
  • Package implementation for reinsurers – Leverage HCL for SAP services
  • Insurance practice leveraging both Life and PC experience
  • ​Business process improvements for large reinsurers
     

Functionally Aligned Technology Delivery - HCL Tech

HCL Differentiation

HCL’s deep understanding of Reinsurance domain has enabled the Business Reengineering of systems for global reinsurers in addition to development and maintenance of systems across Facultative and Treaty lines. HCL’s reinsurance practice has delivered improved efficiency by integration of disparate systems, development of decisioning systems in underwriting and reporting, and auditing tools to improve external and internal customer satisfaction. 

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Insurance in 2020 and beyond, are Insurers ready?
Insurance in 2020 and beyond, are Insurers ready?
Gamification in Insurance
Gamification in Insurance
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We will treat any information you submit with us as confidential. Please read our privacy statement for additional information.

What Customers Say

“This is wonderful stuff, the type of activities that make a big difference to our customer. Truly great work, and please keep it up” – On Successful implementation of WRAP project.

–CIO Large Programs, Leading Bank in Australia and NZ 

The combined efforts of our Asset Finance and Commercial Lending IT Service Delivery team and HCL have resulted in an 80% reduction in P1 and P2 incidents over 2010. This is a great testimony to Applications and Operations’ dedication to embed strong service management disciplines, including incident, problem, change, capacity, availability and service continuity management.

- CIO Retail & Business Banking ES, A Large Australian Bank