(Image source: Infosys McCamish homepage.)
Infosys McCamish Systems, an Atlanta-based subsidiary of Infosys BPM (Electronic City, India) and a developer of platform-driven solutions and services in the insurance and financial services industry, has launched Infosys McCamish NGIN, a platform for the Global Life Insurance and Annuity industry. The vendor describes the solution as platform as founded on an evolutionary architecture, configurable to address global and regional needs of insurance carriers. McCamish NGIN has plug-and-play components using open source technologies, it is simple to use, enhances time-to-market, and promotes a superior digital experience, while driving substantial operational efficiencies, the vendor asserts.
Infosys McCamish says that NGIN is designed to be a single, go-to platform, comprising a comprehensive set of functionalities across all product lines and value chain functionalities. The solution encompasses features for term, whole life, universal life, and annuities. The system has a geo and tax regime independent core, and can be extended to meet regional and client-specific needs, according to the vendor
“The global life insurance and annuity industry is at an opportune moment to take advantage of the paradigm shift in the technology landscape, especially the API economy and cloud,” comments Richard Magner, CEO and Managing Director, Infosys McCamish Systems. “The industry is in need of a survival critical platform that also enables accelerated profitable growth. Our platform will not only help the industry to prosper in the longest ever low interest regime, but also enable accelerated profitable growth through its state-of-the-art capabilities and features. Infosys McCamish provides platform-based solutions and services, and Infosys McCamish NGIN is the newest addition to our solution stack. Our rich experience of over 22 years enables our business partners to better navigate their digital journeys.”
Superior Service to Customers
“We are looking to scale up our life insurance business and are investing in new technology capabilities,” comments Goutam Datta, CIO, Bajaj Allianz Life Insurance. “This includes core platform and increasing digitalization to provide superior service to our customers. We were looking for a platform that improves efficiency, speed to market, and flexibility, and expect to find the right solution in the new platform from Infosys McCamish. We are partnering with them in this important transformation initiative for our company. We are excited about the formal launch of this new platform at InsureTech Connect 2019 and congratulate Infosys McCamish on this occasion.”