Life, Annuities & Retirement

Life, Annuities & Retirement

Life, annuities and retirement for most life insurance providers do not mean readymade solutions but those solutions that enable them to focus on their core businesses while opening up a new world of opportunities. The life/Annuities firms are facing the ever-changing regulatory requirements and disclosure norms, volatile markets and intense competition from governments and other regulatory institutions.

Cylon Technologies Life, Annuities & Retirement solutions enhance your competitiveness in taking charge of your non-core activities, providing robust platform solutions and in optimizing and transforming your processes. Our life, annuities and retirement services (LA & RS) offers a suite of streamlined processing and compliance driven solutions for carriers and their distribution partners across the insurance sector.

Our life, annuities & retirement solutions can support your enterprise’s pension de-risking strategy thereby allowing you in controlling your pension cost, decrease administration efforts and in protecting the future security of your members’ benefits. The Life insurance business processing is core to what we do as we manage millions of life insurance policies, annuity contracts and closed block policies through our unique Business Processing Services.

Capabilities of Cylon Technologies – An Overview

The Life, Annuity and Pension solutions from Cylon Technologies are modern, flexible and scalable end-to-end policy administration solutions enabling rapid product rollouts to reduce overall costs, enhances operational efficiency thereby driving market responsiveness. As a renowned and most preferred Life, Annuity and Pension (LAP) solutions providers with industry experience and accumulated best practices our services across the value chain include solutions for services such as –

• Underwriting Support

• Contract administration

• Billing Collections

• Claims and benefit payment

• Distributor/partner management

• Actuarial Services

• Finance and Accounting

Cylon Technologies configurable solutions enable operational support across the full policy life cycle that includes claims/payout. In addition, our team of insurance industry experts and analysts has developed both group life and disability claims administration systems for major carriers. By leveraging the Cylon Technologies service oriented architecture, they are reducing their costs and administrative burdens.

With the life and annuity carriers facing continued market uncertainty, intensified cost pressures and increased regulatory scrutiny- insurers need to introduce their new product portfolio and move products to the markets faster than ever before. Cylon Technologies robust and scalable solutions provide life and annuity carriers with the ability to automate their operations across the full policy life cycle.