Sapiens 2024 | Ltimindtree.net

CRAFTING THE FUTURE
TOGETHER WITH GEN AI

2024 Sapiens Customer Summit

Sep 9-11, 2024 Austin, TX

LTIMindtree-Sapiens Partnership to Digitally Transform the Insurance Industry

LTIMindtree and Sapiens Partnered 3 years back to leverage their combined strengths to help insurance companies increase scale, speed to market and customer satisfaction. Past three years of experience in partnering with Sapiens in both product engineering and professional services enables us to manage complex multi-state enhancements, new product rollouts, configuring new forms, rates and forms maintenance and doing production support. In addition, we have extensive Product Engineering/Development, Business Analysis, and Quality Assurance services experience.

LTIMindtree as a leader in Sapiens SI partnership has deep insight into Sapiens product capabilities, offering services such as Discovery, Product Configuration, Integration, Migration and Quality Assurance to more than 10 marquee logos in the US insurance market.

First SI partner to collaborate on product Engineering and modernization for Property and Casualty Suite

Proven Sapiens partner having worked for 12+ clients in partnership with Sapiens

8+ Success core Product Releases working closely with Sapiens R&D Team

Extensive implementation experience in specialty lines of business for Sapiens Policy pro and Forms pro

Experience in System Integration Testing and User Acceptance Testing across Sapiens P&Ccore suite (Policy, Billing, Claims and Forms)

LTIMindtree’s proprietary Automation framework has been adopted by Sapiens to automate their entire P&C Core suite test cases/scenarios

Configured1500+ policy forms for a NA based Specialty Insurer implementing Sapiens Core suite

Migration of 700+ Policy forms for one of the Leading NA based Insurance broker firm (Conga to Ghost Draft)

Production Support and Maintenance of Sapiens Reinsurance Master platform for a Global specialty Insurer

We are a Proud Sponsor at 2024 Sapiens Customer Conference event, Sept 9-11, in Austin, TX.

Visit us to meet with our Sapiens experts to learn how we are driving innovation through Sapiens product suits, solution offerings, and add-ons that combine Automation, GenAI, and Experience.

Sapiens Customer Summit is built to engage, educate, and entertain. It is a platform for senior leaders, operational management, business, and technology practitioners to meet face to face, network extensively with peers and gain critical insights from our rapidly evolving industry.

Breakout Session

Reimagining Reinsurance Business Using GenAI

Sep 11 | 11:30 AM

The reinsurance business processes encompass numerous manual tasks, including the determination of reinsurance coverage requirements, the digitization of submissions along with supporting documents, and the digitization of reinsurance contracts. It also involves reconciling ceded premiums and commission bookings against certificate details, generating bordereaux for reinsurers, conducting regulatory and business reporting, and reconciling booked premiums and payments with invoices. In this session, we will explore how interventions from Artificial Intelligence and Generative Al can enhance efficiency and accuracy within the reinsurance business processes.

We invite you to join us on this insightful journey as we delve into the transformative potential of Al in the reinsurance industry.

Dinesh Kalidoss

AVP, Insurance,

LTIMindtree

Prakash Vendantham

Director Principal, Insurance, LTIMindtree

LTIMindtree-Sapiens Experience Highlight

8+

Successful

Core product releases in Product engineering

30+

Lines of Business

Deep domain and product experience

50+

Certified Sapiens Specialists.

Sand-Box Environment for Joint Innovation

3000+

Policy Forms Configured across 5 customers

7+

Solution Accelerators

What Makes Us Unique

Strong Domain Knowledge

Property and Casualty, Reinsurance, Life and Annuity, Pension

GenAI Driven

Early Mover in GenAI Space

Solution Mindset

Hackathons, Co-innovation with partners and clients

Bolts On

Solutions that can be easily integrated with Core PAS platforms

LTIMindtree Offerings for Sapiens Product and Implementation

New Implementation and State Rollouts

Design Thinking – Roadmap
User Journey and Experience design
New Line of Business Configuration
Support for Platform version Upgrade
Integration using LTIMindree Core Connect framework
Forms Design
Form Configuration in Ghost Draft

Core Product Engineering

Core Product changes : functional and technical
enhancements
Enhancing/building new APIs using microservices for digital services and 3rd Part Integrations.
Containerization of modules to make the platform cloud native. Futuristic Design & architecture Support
Tech Modernization, Optimization

Quality Engineering & Automation

Dedicated Sapiens Product Testing COE.
GenAI powered Test Case and Test Data creation.
LTIMindtree proprietary Platform Automation framework for end to end Automation
95%+ Test Automation in regression testing
50%+ automation in in-Sprint testing.
Forms and Rate Testing
Performance Testing

Production Support

and Maintenance

AI Powered Maintenance
Efficient Operating Model.
Digital Standard Operating procedure (SOP) creation on the go.
Continuous improvement to enhance application resiliency
Efficiency through automation, Shift Left, RCA.

Data Analytics

LTIMindtree Data migration Framework and toolkit for P&C Customers gives a structured approach to complete the whole migration in a shorter time span and without any loss of data.
Accelerators designed keeping the dynamic data model of Sapiens in mind.
Pre-configured KPI Dashboard that can be easily integrated with Sapiens core suite to visualize business sights.

LTIMindtree Extended Offerings to Sapiens

Life and Annuity

Proven track record of partnering with leading Life and Annuity insurers across the globe.

Collaborating with Sapiens on strategic initiatives.

Providing Advisory Services, Experience Transformation, Core System Transformation and Business Process Transformation services for Life & Annuities, Pensions, Employee Benefits.

We have 2000+ FTE working out of 40+ Delivery centers who are servicing 23+ clients across the globe.

Reinsurance

LTIMindtree is engaged with 3 out of 10 top Global Reinsurers and has a dedicated Reinsurance CoE.

LTIMindtree provides Consulting, implementation maintenance and business/technical operations services Sapiens Reinsurance Master and other Reinsurance platforms.

LTIMindtree has 10+ Minds Certified in SRM platform.