Third-Party Administrator iGate Leverages InsPro Enterprise Policy Administration System [Manufacturing Close – Up]

Proquest LLC

InsPro Technologies, a provider of an out-of-the-box policy administration system that helps insurers and TPAs market new products quickly, improve customer service, and reduce operating costs, announced that iGATE has gone live with InsPro Enterprise.

According to the release, iGATE selected the life, health and annuity system for full administration of its Third Party Administration (TPA) business. iGATE is the first Integrated Technology and Operations (iTOPS) company providing Business Outcomes-based solutions and offers TPA services through its subsidiary, CHCS Services Inc.

InsPro Technologies President and CEO Robert Oakes stated, "Delivering on our commitments to customers is how we measure success at InsPro. We are pleased to support a highly respected insurance service provider such as iGATE on the InsPro Enterprise platform, and are confident it will provide a strong foundation for its growing TPA business." Oakes continued, "We are grateful for the professionalism and teamwork of the iGATE implementation team, and look forward to continued partnership with iGATE as they strive to become the leader in third-party-administration."

Launching its Life products on InsPro Enterprise, iGATE's Ganesh Iyer, Senior Vice President, Insurance, Healthcare & Lifesciences, said, "We are excited to have reached this important milestone. The InsPro system gives us the ability to service a wider segment of the industry and provide accelerated project timelines to our clients. InsPro is a valued partner, and we appreciate their support in helping us maintain our strong market position as a top-tier provider in a highly competitive insurance services marketplace."

The Company noted that InsPro Enterprise currently supports Term, Whole Life, Long Term Care, Medicare Supplement, Critical Illness, Disability, Accident, Specified Illness, Final Expense, HIP/HAP, Dental, Vision, Annuities, and hybrid products for both group and individual lines of business. In addition, InsPro has started to expand the system's functionality for universal life product support.

iGATE Corp. is an integrated technology and operations company providing full-spectrum consulting, technology and business process outsourcing, and product and engineering solutions on a Business Outcomes-based model.