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Cloud-Ready Platform for the Insurance Sector from Polaris

Hari Anil
Wednesday, June 8, 2011
Hari Anil
Polaris Software Lab, a global Financial Technology Company, launched its first Cloud-Ready platform offering for the Insurance sector globally. IntellectTM SEEC is a comprehensive solution for the Insurance sector offering 3X Efficiency Multiplier that runs on the Polaris Continuous Migration (PCM) Architecture. Due to its highly complex nature, the Insurance sector needed a solution which is both easy to implement and highly efficient. Polaris achieved this through its SOA compliant Cloud-ready offering and superior PCM Architecture which enables organizations to extend the useful lifespan of existing IT investments and future-proof new investments.

The 3X solution combines, customized product launches, new distribution channels, and automated service delivery, which helps lower the total cost of ownership of enterprise applications. “The launch of a Cloud platform for the Insurance sector would add one more chapter in our Insurance journey. So far, seven of the top 10 global insurance companies trust Polaris’ solutions for claims processing, improvement in sales productivity, new business improvement, business intelligence and analytics. This trust, combined with our superior solution architecture has helped us build unique Frameworks, Methodologies and Tools which provide unparalleled efficiency to our key customers,” says Arun Jain, Chairman & CEO, Polaris Software.

Intellect SEEC is a pure-play SOA based cloud offering comprising 10 platforms and over 70 products. The Polaris proprietary Insurance knowledge shelving and wiring framework (L0) has over 100 business processes, and over 1,000 business cases documented in the areas of Product Management, Asset / Broker Management, and Customer Management, spanning New Business, Policy Administration, Claims, Billing & Accounting, Risk Management, Investment and Reinsurance.

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