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Closed Block Insurance Outsourcing

Increase profits with Closed Block Insurance Outsourcing

How many insurance administrative platforms does your company run to support your business? Could these be consolildated? Are you investigating how to reduce your underlying fixed costs associated with the administrative platforms that are closed to new business?

Our Insurance Services helps you maintain the profitability of closed blocks of life insurance, annuity, pension and worksite business. We convert the closed blocks onto NTT DATA Services LifeSys™ platform and enable you to transition the products from a fixed cost structure to a variable cost structure. We assume full administrative responsibility, allowing you to re-direct your resources to strategic endeavors.

  • Retire legacy administrative systems and their underlying technology platforms, eliminating significant risk and licensing costs
  • Administer all products on one platform to gain efficiencies and common processes
  • Take advantage of “best-shore” skilled resources with our global administration model
We've been supporting closed block business for 20 years. We support all traditional (i.e. non-variable) life and annuity products and many worksite and voluntary benefits products. Implementation timeframe for a new client takes anywhere from 9-12 months depending on number of plan codes, product complexity, features, interfaces, etc.

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Closed Block Insurance Outsourcing

Our Services

Keep your closed blocks of life insurance, annuity and pension business profitable by converting the products from a fixed cost structure to a variable cost structure.

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NTT DATA Services for Insurance – A Business Partner for Life

Administer your life insurance and annuity business with our outsourcing and LifeSys platform.

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Third-Party Administration Services

Reduce cost and improve processes with end-to-end TPA services for individual & group policies.

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Insurance Staff Augmentation Solutions

Meet service standards during periods of volatility in volumes with skilled, flexible staffing.

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Insurance Imaging and Indexing Services

Outsource imaging and indexing policy, claim and other documents for flexibility and cost control.

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Insurance Data Entry Services

Outsource your data entry on incoming life, health and annuity applications, etc., to NTT DATA Services, formerly Dell Services.

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Automated Full-Time Equivalent

Streamline your work processes and reduce errors with 24x7 automation.

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