iGenCloud / iReCloud

Cloud computing started off as a concept just a few years earlier. Multiple Industry verticals have since been rapidly embracing the Cloud. Moving to the Cloud has become a strategic priority, for companies large and small. There are very clear and compelling benefits to Cloud computing, such as significantly reduced IT costs, efficient use of infrastructure to name a couple. But the biggest impact is seen on the business, in several ways, such as:

  • Shorter lead time to operationalize the system

  • Reduced cost of IT maintenance

  • Multiple offerings to enable companies pick & choose lines of business and functionalities

  • Lesser time to develop and deliver new products in the market

  • Many Do-it-yourself features to reduce vendor dependency

  • Sharpened focus on the customer leading to better retention ratios

  • Better competitive advantage

  • Improved and seamless coordination between business functions

  • More effective risk management and mitigation

  • Accurate information for Management teams to make timely, well-informed decisions

  • Growth in topline revenues while maximizing the bottom-line

NTT DATA's Cloud offerings enable Insurance companies realize these benefits for Business as well as IT.

iGenCloud - General Insurance Solution

iGenCloud, NTT DATA's Cloud-based core insurance solution aims to provide companies with a modern, affordable, and easy-to-operate core insurance solution, without the need to purchase and maintain hardware or software, and without having to employ a large IT team. With iGenCloud, you can choose and pay for only what is needed, adopt faster with automatic free updates, as well as have the option to scale up or down its use based on its needs.

  • A full suite of insurance processing system covering policy administration (quote, rate, underwrite, issue), claims, and account billing & settlement

  • Available over the Internet with a secure connection and authentication

  • Monthly Subscription basis inclusive of usage, help desk and maintenance

  • Ability to subscribe for different offerings based on the line of business & functionalities.

  • Standard, ready-to-use cloud-based core insurance solution with preset products and modules

  • Master data is preloaded. You can set up data that is unique to you using the Do-It-Yourself (DIY) tools and functionalities of iGenCloud

iReCloud - Reinsurance Solution

iReCloud, NTT DATA's Cloud-based core insurance solution aims to provide reinsurers with a modern, affordable, and easy-to-operate core insurance solution, without the need to purchase and maintain hardware or software, and without having to employ a large IT team. With iReCloud, you can choose and pay for only what is needed, adopt faster with automatic free updates, as well as have the option to scale up or down its use based on its needs.

  • A fully integrated system for reinsurers handling both the Assumed and Ceded business processing.

  • Available over the Internet with a secure connection and authentication

  • Monthly Subscription basis inclusive of usage, help desk and maintenance

  • Ready-to-use application with prebuild Master data.

  • Comprehensive processing for Treaty / Proportional / Non-proportional / Facultative business

  • Extensive features and options OOB Standard and Statutory Reports and a few other Reports

  • Ability to subscribe for different offerings based on the types of processing required on the Assumed / Ceded Business