Insurance, Covered

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insurance, covered

Change keeps coming. How do you keep growing?

As an insurance company, you’ll see more changes to your industry in the next ten years than you’ve seen in the previous ten decades. Amid this evolution, how do you find and keep more customers? What will it take to improve both their experiences and your profits?

Capgemini – World Insurance Report 2021

By digitizing your operations, you can do more for your policyholders and take better care of your business.

Digital technology has all the answers

To get the most from your investment, you need a bold technology partner that can give you a wide range of future-proof solutions.

But going digital takes expertise

With innovative technology and services, we empower people and processes across the insurance life cycle – whatever your size or type of insurance firm.

FIS has you covered

Receivables: Cash Flow Ecosystem

FIS for insurance

Technology and managed services

Business services

Administration and communication

Making and taking payments

Risk management and compliance

Investment management, trading and accounting

Financial management

Hover and click to discover more . . .

Outdated and fragmented systems make it harder to handle high volumes of payments in multiple formats and minimize fraud. You must also contend with innovative new payment methods, constant cost pressures, volatility, regulatory requirements and advances in ESG, not to mention the need for cash visibility.

Financial management

Gain a better outlook for treasury finance.

Why look elsewhere for your fintech?

investment management, trading and accounting

Flexibility and control? No problem.

Risk management and compliance

Who said digitization doesn't pay off?

Making and taking payments

Whatever products you launch, you'll always hit your target market.

Administration and communication

Stay ahead without the headaches.

Technology and managed services

What's not to like?

business services

By transforming your technology to today’s digital standard, FIS can make sure you adjust to the demands of tomorrow – giving you and your policyholders full, lasting protection.

Your insurance business, covered

Digitize your technology policy

Empower your business

Do more for your policyholders

of insurance companies plan to make digital enhancements

insurance companies around the world

Working with

of the world's largest insurers

including

countries

Challenge

We offer digital, cloud-based treasury management and payment hub technology and integrated solutions for financial management and accounting, reconciliation, tax processing, bank connectivity and bank account management. So, you can cover cash and risk management, debt and investment, foreign exchange, hedge accounting and more, with one partner.

solution

Drive down costs and risk, get an instant snapshot of global positions and connect easily to banks, trading partners and internal systems, including ERPs.

payout

solution

Challenge

Do more than just support investment management, accounting and reporting across multiple asset classes; optimize portfolio performance and achieve compliance and control with our solutions.

We can automate and streamline your trading and investment management processes throughout the entire transaction life cycle, with best-of-breed systems for corporate actions and risk management, trading and post-trade services, securities processing, loan administration and network connectivity.

Investment portfolio management, accounting and reporting processes can be complex and time consuming. As regulations change, you need fast access to data and analytics to meet reporting requirements and make the best trading and investment decisions.

Improve risk and regulatory reporting, price more competitively and better manage your business.

payout

We give you the freedom to model and analyze complex risks in a tightly governed but high-performance environment. On top of supporting compliance with the IFRS 17 and LDTI accounting standards, we can automate a full range of regulatory processes, including statutory filing, Schedule F reporting, KYC, AML and trade surveillance. We offer extensive global regulatory, product and actuarial calculations as standard and a highly scalable end-to-end risk platform.

solution

You need both flexibility and control for effective risk management. Can you react quickly to volatile markets and model a wider range of scenarios? Can you also demonstrate control, data quality and compliance?

Challenge

Minimize the costs and complexities of reaching new markets and keep delighting your policyholders.

payout

We can help you simplify payments by centralizing and standardizing your processes. As your single digital payments partner, we offer access to modern payment platforms globally and all your gateway and acquiring services. Plus, we can help you settle more claims in near real-time and support both billing and engagement and loyalty programs. Besides providing more digital ways to pay, you can make secure instant payouts more often at the moment of need.

solution

Payments form an increasingly critical part of the insurance life cycle, with a huge impact on both cash flow and the customer experience. But when you’re processing high volumes across multiple systems, channels and new technologies, payments can also be complex. So, as money flows into and out of your company, you need to make your payment operations as simple and effective as possible.

Challenge

Lower costs and improve efficiency and service by automating the policy administration process from end to end. And get a single, consolidated, real-time view of each policyholder to better understand their needs and further drive loyalty with more consistent and intelligent communications.

payout

We can provide one powerful policy administration solution for all your life, health, wealth and retirement products; a complete, centralized solution for reinsurance management; and retirement plan recordkeeping technology that caters for any plan type. In the front office, our customer data and communication management tools will let you take full advantage of all the digital data that your back-office systems process.

solution

You need to launch products fast. But legacy systems can’t always flex to the demands of new business lines. And running multiple front- and back-office solutions is costly, inefficient and bad news for customer service.

Challenge

Economies of scale and our advanced technology mean we can take care of your operations more cost effectively and efficiently than you ever could in-house – while giving you complete oversight of every service.

payout

Outsource as much of your back office as you need while staying in control. We can run a call center on your behalf, print and mail all your outbound documentation and manage your payments and receivables processes from end to end. Plus, we can receive your inbound mail in one of our mailroom processing centers, where we’ll scan, clean up and index all the data for further processing by your systems.

solution

With call centers to staff, documents to print and mail, data points to input and payments to process, insurance operations take a lot of work. The costs and risks soon add up. What if you didn’t have to do it all yourself?

Challenge

Get faster access to the latest versions of our solutions and the most advanced features around the clock, wherever your team is based.

payout

Digital technology is our business. As well as providing your solutions, we can host, monitor, maintain and test the applications in a secure private, public or hybrid cloud environment which we’ll design and continually optimize to meet your unique needs.

solution

Software needs constant maintenance, upgrading and testing, and providing and running your own hardware can easily overstretch capital. How do you ensure that your digital technology is firing on all cylinders – without draining your resources?

Challenge

World’s fintech player

Working with of the top global insurers

Transform your treasury and finance operation

Reduce operating costs and increase efficiency

Take digitization to the next level

Modernize and automate from front to back

Simplify premium collections and accelerate payouts

Meet your actuarial modeling, statutory and regulatory requirements

Get more from your investment portfolio

Get in touch

We never stop advancing insurance technology. Find out how we can help advance your business as well.

Advancement all around

from your processes for greater efficiency and double-quick payouts

remove friction

so you can personalize each policyholder’s experience

analyze insights

ever-increasing risks, regulation and reporting requirements

easily manage

Our advanced solutions have won awards and analyst approval across the insurance industry and beyond.

trusted by experts

Let's talk

actuarial modeling solution of the year

Best cash and treasury management solution

IFRS 17 SOLUTION OF THE YEAR

BEST-IN-CLASS PROVIDER FOR INVESTMENT ACCOUNTING

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