Technology services designed for

Life and Annuities Insurers

ValueMomentum’s IT services for Life and Annuities carriers are tailored to rapidly roll out products, improve data transparency, digitally engage customers & brokers, and for higher efficiencies.

ValueMomentum has consistently supported our Greenfield Program with high quality consulting services and innovative solutions that align with our business objective of being a customer-centric Carrier
CIO,
Regional Life & Annuities Carrier

Challenges & Opportunity

Some people see obstacles.

Life insurance companies need to prepare to address the needs and aspirations of largest US demographics, the millennials or they risk losing them to financial services alternatives that are savvier and more consumer-friendly. A sign of worry for life insurers is the 3% decline in number of policies over 2017 as reported by LIMRA (though a 1% increase in annualized premiums is a positive sign). Life insurers also faced with the urgent need to roll out modern systems to attracting and retain top producer talent.

But you see opportunity.

Today life insurers have access to technology that help them achieve improved data transparency, speed to market, improved workflows, along with efficient operations. Customer communications software is reducing the cost and improving the efficiency of document creation & management and front-end processing capabilities. Microservices architecture and cloud technologies are enabling insurers to disaggregate their core systems to enable a more measured, reduced risk model to drive their digital agenda.

Ready to take it up a notch?