Case Study: a provider of annuities and life insurance policies in the US achieves faster product launches and broker dealer expansion with HCL application transformation

Provider Of Annuities, And Life Insurance Policies In US - Customer Case Study

The customer, a provider of annuities and life insurance policies in the US, faced challenges with product volatility, expanding distribution channels, and a rigid system architecture. To address this, they partnered with HCL for a modern application development engagement.

HCL's solution involved an innovative system redesign, creating a more flexible, data-driven application to facilitate quick product launches. This enabled the successful re-launch of a core variable annuity product in a record 15 weeks and supported the onboarding of over 25 new broker dealers, resulting in significant top-line revenue growth and a reduction in operational costs for the client.