New Business & UnderwritingWipro supports and helps in the efficient transformation of new business and underwriting operations by implementing new business systems, capable of supporting multiple products and distribution channels, and by incorporating contemporary industry best practices and standards.

Wipro’s strong domain and technical expertise can help the client attain business and IT objectives. Software solution and services provided by Wipro are:

• Online platform for agents to rate, submit and bind a carrier product
• Implementation of SOA architecture
• Usage of ACORD know-how to exchange data between layers
• Automated underwriting solutions to reduce paper and manual processing
• Straight through processing to boost turn around time and cut costs
• Legacy modernization
• Extending common platforms with tele-underwriting and automated underwriting / internet based underwriting
• End to end process management solutions

Further, Wipro keeps the processes of an organization in tandem with global best practices by:

• Tightly integrated business processes
• Leveraging web services and standards like XML / ACCORD / AL3 
• Leveraging rapid application development and using focused teams for quality delivery

A Success Story

Wipro’s expertise helped a US based Property & Casualty insurer to develop a risk scoring system as part of its underwriting solutions. These helped the client to better segment the pricing, avoid adverse selection, and greatly helped its eastern operations to post profitable growth.