NTT DATA FA Insurance Systems & SAP Partnership
NTT DATA FA Insurance Systems shares SAP's passion for customer value. Creating a thriving ecosystem in which the partnership can be successful - a win-win situation for all. NTT DATA FA Insurance Systems & SAP are committed to a successful customer experience enriching partnership program with a host of key benefits that accrue to our customers:
- Joint solution development, and the ability to satisfy our mutual customers
- Technical expertise on SAP platforms and solutions thus adding value to our core offerings
- Co-innovation and co-development that will benefit the industry
- Collaborative planning and execution for faster roll-out of the applications thus helping our customers in attaining their strategic objectives
FirstGen on SAP NetWeaver
FirstGen Neo is a multi-line web-based policy administration system, which covers the life cycle of non-life insurance operations from point of sale right through to the general ledger. It is a client centric solution providing organizations with the required flexibility and scalability, coupled with a very short time span for deployment.
FirstGen Neo supports all classes of non-life insurance for personal, commercial and industrial lines: Motor, Fire, Marine, Liability, PA Miscellaneous, etc. It is a multi-line package product, multi-language, multi-currency application, and can be implemented in different languages in different Countries. It is a fully integrated application supporting the core business processes. Data entered in the source component of UW is available on real time basis for Reinsurance, Claims, Accounts, for further processing.
Extensive standard reports which are data rich, coupled with the capability to generate any ad-hoc report, disseminates critical information to users in real time. FirstGen Neo5j makes full use of its parameterized approach for the configuration of products including complex rating and authorization levels. The externalization of business rules allows changes to be quickly made without the need for any programming changes.
Enterprise level Risk Management
- Full authorization control over all business transactions
- Automatic cession to treaties thus contributing to strong risk management
- Tracking aggregations / exposures at a location and alerting
- Transaction & data level security
- Comprehensive reporting
Agility for Insurers
- Fast configuration and rollout of new innovative products
- Accessible at point of sale or partner sites
- Ease of integration with partner systems - offering a 'virtual' insurance company
- Straight through' automated operations which enhance productivity
- Simple to personalize screens to suit business processes
- Fully web-based for better customer servicing
- Real time information available for business analysis and reporting
FirstGen Neo, an enterprise-wide application in the core insurance business process has an architecture designed to serve the ever-increasing demands of the insurance business. FirstGen Neo is integrated and hosted on the proven SAP' NetWeaver platform, which is an ideal solution as the core insurance process support in FirstGen Neo is complemented by the non-core process support from the best of breed applications of SAP like CRM, Workflow Management (Guided Procedure), FI/CO, Business Objects, etc., which are available on the NetWeaver platform.
With FirstGen Neo ported and certified on SAP's NetWeaver platform, an integrated and highly robust scalable application capable of supporting and automating all the business processes of an enterprise is available that addresses the future growth needs of insurers.