Insurance Solutions

Expertise

Our Insurance Expertise

In today’s dynamic business landscape, insurance companies face the ever-evolving challenges of optimizing profitability, enhancing operational efficiency, and delivering exceptional customer service. At Nichebit, we specialize in providing cutting-edge solutions tailored to the unique complexities of the insurance industry.

Our expertise lies in revolutionizing insurance processes, from new business development and policy servicing to efficient claims management and seamless system integration. With a keen focus on efficiency, cost-effectiveness, and superior service delivery, Nichebit is your trusted partner on the path to insurance excellence. Explore how our end-to-end solutions can empower your insurance endeavors and propel your business towards unprecedented success.

Insurance

Business Solutions & Services for Insurance Companies

Solutions

Efficient policy administration is crucial in today’s rapidly evolving business landscape, where customer experience takes center stage. The team has a thorough understanding of Insurance New Business & Policy Issuance Process and has developed end-to-end solutions to enhance various processes involved:

  1. Quotation & Illustration generation
  2. STP underwriting & Quality Check
  3. Auto Allocation
  4. Medical Management
  5. Print, Dispatch & Delivery Management

Policy management is the end-to-end process of handling insurance services. There’s a multitude of tasks that insurers need to handle as part of it. The Team has experience in developing Policy servicing process flow from scratch and automating processing tasks to become more cost-efficient while delivering better service:

  1. Request Management
  2. Integration with external platforms
  3. Payment Gateway integration
  4. Transaction Processing of requests in Core system
  5. Multiple Assignment & Allocation management

Claims management is the most crucial function insurance companies perform. However, the intricacies of managing the claims process manually or using multiple systems can cause errors and delays that lead to complexities and affect customer relationships. We have built a claims management system that helps insurance companies simplify the claims process for the customers, employees, agents, and third parties:

  1. Comprehensive Claims view
  2. Multiple process Management
  3. Complete Track of records
  4. Reporting & Analytics

Integration with Multiple systems is needed to meet the challenges of unprecedented transformation in the Insurance industry. Integrations are needed for internal and external systems. The team has experience in integrations with various systems:

Core System

  1. Life Asia (AS 400)
  2. Group Asia
  3. Policy Asia
  4. Ingenium
  5. Gencon
  6. TCS Bancs
  7. Eskadenia
  8. Premia

Peripheral Systems

  1. Document Management System
  2. Printing solutions

External Integrations

  1. IGMS (Integrated Grievance Management System)
  2. IIB ( Insurance Information Bureau)
  3. Aggregator Platforms
    1. TPA platforms
    2. NHCX (National Health Claims Exchange)

Services

Nichebit provides a full suite of consulting services, including turnkey consulting, domain expertise, IT consulting, and customized consultancy solutions. Our consulting services are tailored to address the most crucial challenges and opportunities faced by our clients. We boast a comprehensive team of Consultants with expertise in Business Process Consulting, Information Technology (IT) Consulting, and Operational Excellence.

At Nichebit, we assist our clients in transforming their businesses, processes, and operations by developing innovative strategies specifically tailored to their industry and unique organizational needs. Our goal is to empower our clients to gain a competitive advantage, improve revenue growth, enhance operational efficiency, reduce costs, and elevate the overall customer experience.

Our core consulting areas encompass Technology, Digital Transformation, Financial Domain, and sustainability within the Insurance sector. Nichebit is backed by an experienced resource pool that delivers high-quality and dependable services in both the Insurance and IT domains.

We understand the dynamic nature of the technology landscape and the critical role that skilled resources play in driving success. That’s why we are thrilled to present our innovative service – Resource as a Service (RaaS).

Unleash the Power of RaaS with Nichebit

  1. Agility and Flexibility: Embrace agility in your IT operations. With RaaS, you gain the flexibility to scale your workforce up or down based on project requirements. This ensures optimal resource utilization, cost-effectiveness, and the ability to adapt swiftly to evolving business needs.
  2. Access to Top Talent: Unlock access to a pool of highly skilled and experienced IT professionals. Our RaaS model enables you to tap into specialized expertise without the hassle of traditional hiring processes. Stay ahead in your industry by leveraging the best talent for your projects.
  3. Cost-Efficiency: Say goodbye to the challenges of recruitment costs, onboarding expenses, and the burden of full-time employment. RaaS provides a cost-effective solution, allowing you to allocate resources as needed, saving both time and money while maintaining operational excellence.
  4. Focus on Core Competencies: Concentrate on what truly matters – your core business objectives. By outsourcing resource management to us, you free up your internal teams to focus on strategic initiatives, innovation, and overall business growth.
  5. Rapid Deployment: Time is of the essence in the fast-paced world of IT. Our RaaS model ensures rapid deployment of resources, reducing lead times and accelerating project timelines. Stay ahead in the competitive landscape with swift and efficient resource allocation.
  6. Risk Mitigation: Mitigate the risks associated with resource management, skill gaps, and workforce fluctuations. Our RaaS model provides a safety net, ensuring that your projects are supported by a consistent and reliable team, reducing uncertainties and enhancing project stability.

At Nichebit, we go beyond traditional IT outsourcing. We bring a wealth of experience, a proven track record, and a commitment to delivering exceptional value to our clients. Our RaaS offering is designed to empower your organization with the right resources, precisely when and where you need them.

Elevate Your Vision with Nichebit – Your Premier Choice for Custom Development Solutions

In the realm of IT, where innovation is the key to staying ahead, Nichebit stands as your reliable partner in bespoke software development. Our commitment goes beyond code; we are dedicated to crafting tailored solutions that align perfectly with your unique business objectives. Here’s why choosing Nichebit for custom development is your pathway to unparalleled success.

Why Choose Nichebit for Custom Development?

  1. Expertise Across Diverse Technologies: At Nichebit, we boast a team of seasoned developers proficient in a wide array of technologies. Whether it’s web applications, mobile solutions, or complex enterprise systems, our expertise spans the entire IT spectrum. Our developers are well-versed in the latest programming languages and frameworks to bring your vision to life seamlessly.
  2. Tailored Solutions for Your Unique Needs: No two businesses are identical, and neither should their software solutions be. Nichebit takes pride in understanding your specific requirements, industry nuances, and growth goals. Our custom development approach ensures that the software we create is tailor-made to fit your unique needs, facilitating efficiency and scalability.
  3. Agile Development Methodology: We follow agile development methodologies to provide you with iterative, flexible, and transparent solutions. This approach allows for quick adaptation to changing requirements, ensuring that your custom software is not only cutting-edge upon delivery but also built to evolve with your business.
  4. Focus on User-Centric Design: Beyond functionality, we prioritize user experience. Our custom development process places a strong emphasis on intuitive design and seamless user interaction. The result is software that not only meets technical specifications but also delights end-users, fostering user adoption and satisfaction.
  5. Scalability for Future Growth: Our custom solutions are engineered with scalability in mind. As your business evolves, your software should be ready to grow with it. Nichebit ensures that the custom applications we develop have the scalability to accommodate expanding user bases, increased data loads, and additional features as your business thrives.
  6. Proven Track Record of Success: Nichebit has a proven track record of delivering successful custom development projects across various industries. Our satisfied clients attest to the reliability, innovation, and excellence embedded in our solutions. When you choose us, you’re opting for a partner with a history of exceeding client expectations.

Choosing Nichebit for custom development is choosing a partner dedicated to turning your vision into reality. We combine technical expertise with a deep understanding of your business, ensuring that the software we develop not only meets but exceeds your expectations. Embark on a transformative journey with Nichebit and experience custom development that sets you apart in the digital landscape. Your success is our priority.