Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
Valuable Transformations
How HCL Helped an American Insurance and Annuities
Provider to Enhance Business
The Challenges
• Product Challenges Like Volatility in
Financial Markets, Variable Annuity
Guarantees at Pre-Crisis Levels...
The HCL Solution
• Application Redesigned to Incorporate Flexibility
• Data Driven Architecture to Facilitate Quick Produc...
• Re-Launch Of Core Variable Annuity
Product with Two New Riders
• Product Launched in Record Time Of 15
Weeks with Minima...
Questions
• How IT Transformations can be Done in a
Seamless Manner?
• How IT Business Applications Can be Consolidated
wi...
Copyright © 2014 HCL Technologies Limited | www.hcltech.com6
Copyright © 2014 HCL Technologies Limited | www.hcltech.com6
Upcoming SlideShare
Loading in …5
×

Hcl's transformational it_solutions_for_a_global_us_based_provider_ of_life_insurance_and_annuities (1HCL's Transformational IT Solutions for a Global US based Provider of Life Insurance and Annuities

685 views

Published on

Client is a provider of annuities, and life insurance policies in the United States and is part of one of the largest financial institutions in the world. HCL’s Innovative system re-design and project execution helped in launching Variable Annuities Application, redesigned to incorporate flexibility and data driven architecture to facilitate quick product launch.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Hcl's transformational it_solutions_for_a_global_us_based_provider_ of_life_insurance_and_annuities (1HCL's Transformational IT Solutions for a Global US based Provider of Life Insurance and Annuities

  1. 1. Valuable Transformations How HCL Helped an American Insurance and Annuities Provider to Enhance Business
  2. 2. The Challenges • Product Challenges Like Volatility in Financial Markets, Variable Annuity Guarantees at Pre-Crisis Levels • Distribution Challenges Like Expanding Distribution Channels with Broker and Dealers • Rigid System Challenges Like Inflexible System Architecture
  3. 3. The HCL Solution • Application Redesigned to Incorporate Flexibility • Data Driven Architecture to Facilitate Quick Product Launch • Enabling The Depository Trust & Clearing Corporation (DTCC) Transformation Program To Expand Business With New Broker Dealers • Redesigned Processes to Support Fixed Annuity Business through Electronic Channel
  4. 4. • Re-Launch Of Core Variable Annuity Product with Two New Riders • Product Launched in Record Time Of 15 Weeks with Minimal Defects • Launched DTCC for Fixed And Variable Annuity Business Lines • More than 25 Broker Dealers On-Boarded for Fixed Annuity Business Within a Year of Launch • Top Line Revenue Growth and Reduction in Operational Cost The Benefits
  5. 5. Questions • How IT Transformations can be Done in a Seamless Manner? • How IT Business Applications Can be Consolidated without Affecting Current Systems? • How Consolidation of Business Systems Helps in Achieving Business Goals? • Why it is Essential to Manage Vendors Efficiently for a Financial Services Firm? Click here to download the Document
  6. 6. Copyright © 2014 HCL Technologies Limited | www.hcltech.com6
  7. 7. Copyright © 2014 HCL Technologies Limited | www.hcltech.com6

×