HCL’s engagement with the US based global annuities firm helped it to launch new products in record time with reduced cost. Client had to discontinue Variable Annuity Products due to 2007-8 financial crises. Post-crisis, the imperative was to Re-launch the products and to have management levers to respond to market condition.

1. How HCL Helped an Insurance Service Provider to Launch Modified
Products at Reduced Costs
Ensuring a Smooth Sail

2. • Had to Discontinue Variable Annuity Products
• Re-Launch the Products and to Have Management
Levers to Respond to Market Conditions
After the 2008 Financial Crisis, the Client

3. How HCL Responded
• Work-Stream Based Approach For Delivery For Faster Project Delivery
• Build Flexibility Through Data Driven Approach
• Data Elements To Support Critical Rider Levers Adjusted Based On Market
Conditions
• Futuristic Vision In Database Design – Going Beyond Levers

4. Benefits Delivered
• Accelerated New Product And Rider
Development Timelines By 30%
• Reduction In Cost By 30%

5. Questions
• How New Product Launches Can be Made Affordable?
• Why it is Imperative to Revise Financial Product Offerings According
to Market Conditions?
• What is the Best Way to Reduce Product Launch Costs in the Financial Market?
• Is it Possible to Launch New Financial Products in Adverse Market Conditions?
Click here to download the
Document