The market for life insurance and pension products is declining, new business is depleting. From a strategic perspective, some products no longer play an important role for you. In the mean time the portfolios need to be maintained, with costs outweighing profits. What do you do with those closed books? Our experts are glad to help you with an efficient set-up.
ITDS has the most experience
Since closed books became relevant, around 2008, we at ITDS have dealt with this subject. So far, we have a number of international projects under our belt for leading insurers involving closed books, run-offs and outsourcing. Experience that can benefit you and your business!
The best solution for any situation
In some cases, outsourcing may be the best solution. In others, it might be wise to bring your portfolios to one platform with a third party. But also insourcing might be an option: consolidate your closed books in your organization rather than outside. We can support you in making the right decision. This will always start with a portfolio analysis. We know the market and the products.
We Ensure a smooth transition
The efficient set-up of closed books revolves around cost control as much as quality. Will portfolio’s migrate properly from one platform to the other? Will mutations be performed efficiently, do staff know what is expected of them? Together with our partner Infosys Limeted, we make sure the transition goes smoothly. We know what you will encounter and we help you at every step of the way. So that you can benefit from our experience.