Insurance

With the growing usage of telematics devices and the “Pay as you Go” type products, the Insurance industry is perhaps the first among the Banking and Financial Services institutions to experience and respond to the Internet of Things (IoT) revolution firsthand. In addition, the industry is facing multiple challenges ranging from the competitive market situation and evolving customer demands to technology-driven disruptions like the usage of mobiles and more stringent regulations. Navigating this environment with the right strategy and partnership is key to success. Lumifie with more than a decade of experience across insurance segments has been involved in many successful transformations with innovative insurance IT solutions enabling our customers to reap rich dividends. Be it devising the strategy towards the transition to digital enterprise or mobile enabling of sales channels or developing analytics solutions to support enterprise data governance, Lumifie insurance technology solutions have played an important role in these successful transformations.

In addition to core technical strength across different platforms, Lumifie brings invaluable insurance domain expertise to projects providing a consultative approach to projects. We deliver end-to-end development and testing services for policy administration, claims management, underwriting and billing with our industry standard frameworks and robust practices. With a range of product partnerships in the insurance domain, Lumifie has been able to effectively leverage product and practice excellence to provide best in class experience to customers.