| Insurance
industry has witnessed a significant change
over the last forty years. As insurance
products are targeted at defined sectors,
success goes only to those who understand
and meet customer needs. |
|
| The
regulatory framework surrounding the insurance
industry makes the role of product development,
a logical and a strategic choice. |
|
| There
are a number of products, that insurance
companies alone are licensed to create.
Further, customization, product life time,
and cost structure require special attention.
Many life insurance companies often take
well over 12 months for a product to be
designed, stress tested, filed, and approved.
By adopting best practices, product development
time could be significantly reduced. |
|
| Competency |
| River Software professionals have
remarkable experience in executing insurance
projects for global customers in various
technologies. The domain knowledge coupled
with the technology expertise is leveraged
to offer the best solution that is of high
quality, cost effective, and delivered in
time. The specialization includes information
systems design, networking, system integration,
product customization and globalization. |
|
| River Software has the following functional
expertise |
|
 |
New business |
|
Premium
collection |
|
Commission
payment |
|
Claims
settlement |
|
Finance and accounts |
|
Re-insurance
|
|
Health
insurance package development |
|
Life
insurance systems development and implementation
|
|
Product
customization. |
|
| River Software focuses on the
following technology areas: |
|
|
Data
warehousing with web technology |
|
Network technology for integrated solutions
|
|
Work
flow automation and document imaging |
|
Usage
of web technology for on-line quotation,
underwriting, claims processing and real
time communication. |
| |
