Insurance industry is witnessing rapid changes brought upon by de-regulation, consolidation, globalization, changing customer preferences and adoption of latest technologies and newer channels of distribution to maximizes customer reach. This has put companies under pressure to invest heavily on newer technologies, cut costs, re-structure to stay lean, and yet achieve or exceed industry margin norms.

As a solution provider with deep understanding of insurance marketplace, technology and service capabilities, Hastraa can assist customers to optimize their investments in IT through innovative and cost-effective models of delivery. Our consulting team can assist customers in improving process efficiency and in adoption of newer technologies for innovative purposes. Our implementation team can assist in quicker development through our cost-effective, global delivery framework. Besides, we can take away the onerous burden of supporting and maintaining existing applications, which accounts for about 60% of the budget and almost equal amount of management time. We will be able to deliver higher levels of service and at a cost-effective price point using our proven global delivery model.

Insurance Value Chain

New Business Processing Underwriting Policy Administration Claims Administration Commission Administration Agency Administration CRM Portal

Technology Capabality

Validation & Verification Data Management Enterprise Applications Custom & EAI

Service Capability

Consulting Development Implementation Migration /Re-engineering Maintenance /Support