Insurance companies face several challenges inherent in their industry such as lack of intellectual property protection for new products and ideas, pressure to quickly launch new innovative products and changing regulatory requirements aimed at clean and corporate governance, especially in the post 9/11 and EWXE (Enron, WorldCom, Xerox) environment.

The challenge in automating business processes is that insurance companies need to effectively carry forward the market knowledge locked in unwieldy legacy systems and ensure effective electronic data interchange, especially up the insurance value chain, towards re-insurers.

Ramco’s comprehensive solutions for the insurance industry allow insurance companies to substantially reduce the cost of owning and operating software applications. Ramco e-gis suite of insurance applications, combined with legacy transformation, GRC (Governance, Risk and Compliance) and financial accounting solutions, comprehensively address the requirements of insurance companies.

Based on SOA standards, the applications work with most of the popular technologies and infrastructure platforms allowing customers the option of choosing their preferred technology stack. Further, in order to enable customers to have flexibility in running their business, Ramco e-gis has a user-maintainable rule engine which allows easy configuration of the system.

Ramco’s insurance expertise covers life, property & casualty, insurance broking, bancassurance, outsourcing and regulatory areas. Our rich global industry experience gives us the depth required to execute any kind of insurance project.

Ramco e-gis is a browser-based, completely web-architected software application. Users can access the application through the internet and have additional e-commerce features with interfaces to payment gateways and even provide client services. The application has a comprehensive and adaptable rule engine. The rule engine is configured easily without any prior knowledge of programming. Another interesting feature is the 'insurance product factory' which helps customers roll out new products at the shortest time

Currently, Ramco e-gis is composed of Ramco e-gis Life and Ramco e-gis Property and Casualty (Health and Auto).

Ramco e-gis Life Insurance is a comprehensive and adaptable SOA-architected application for life insurance companies. The application offers complete life insurance lifecycle management capabilities and is ideally suited for life insurance companies.

Ramco e-gis Health Insurance is an end-to-end SOA-architected application which offers policy issuance, claims and reinsurance cession functionalities. It is ideally suited for