Engagement
Overview
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GE’s Wealth Income Management provides services for variable annuities, fixed annuities, single premium immediate annuities, and variable life insurance products. These are supported by the following four systems: TRANSCEND, UAS, VANTAGE ONE, and LIFECOMM.
The insurer engaged Satyam to implement new packaged software to consolidate and administer these product lines.
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Business
Need and
Satyam’s Involvement
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Before the project, the systems:
- Did not support the new line of single premium immediate variable annuities (SPIVA)
- Had problems managing four systems for policy administration
Satyam led the end-to-end implementation of a single system—a leading insurance package—that was designed to manage all four applications. The team also was charged with porting existing data to the new environment. Those efforts involved:
- Analysis of exiting system functionalities
- Development of interfaces and programs in the packaged system
- Integration testing
Technologies used:
- COBOL
- DB2
- CICS
- HTML and JScript with FrontPage 2000
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| Benefits |
- The new package can define new insurance products in minutes
- Browser-based design enables the insurer to offer distribution partners and customers immediate access to up-to-date information and self-service of its insurance business
- Rules-base setup includes parameters for eligibility, plan/benefit combinations, billing methods and frequencies, laps rules, etc.
- Customer service is supported across all lines of business
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