Andesa Services, Inc., a leading provider of comprehensive, integrated policy administration, plan administration and support solutions for life insurance and annuity carriers and producers, has been featured in the “Closed Block Spectrum Report: Life, Annuities and Pensions Edition, 2013,” by Celent.
The report, authored by Jamie Macgregor and Karen Monks, provides “a sample of the solutions available to insurers seeking to reduce their operational exposure while retaining ownership of the customer.” The offerings of 12 leading vendors are profiled, including Andesa, Accenture, CSC and Infosys.
Celent subscribers can download the report by clicking here.
Andesa provides onshore business process outsourcing, TPA and technology transformation services to leading U.S. life insurance carriers, with 234,000 closed block policies currently under management. Key differentiators of Andesa’s BPO offerings highlighted in Celent’s “Closed Block Spectrum Report” include:
- The company’s ability to offer a SaaS-based hosting model as the only deployment option
- A single integrated solution for individual and annuity products and group life and group annuities
- Seamless processing throughout the life-cycle of the policy, including corrective processing
“At Andesa, we approach BPO with the belief that a carrier’s solution for closed blocks should maximize margin while freeing up capital and resources for other strategic initiatives,” said Andesa Services President and CEO Ron Scheese. “By leveraging our technological capabilities and experienced, dedicated team, we allow carriers to maintain intimate customer contact while enjoying the myriad benefits of a low-cost, modern, SaaS-based technical platform.”
About Andesa Services
Celebrating its 30th anniversary in 2013, Andesa Services has been a consistent leader in quality, highly efficient, integrated marketing and administrative solutions for life insurance and annuity companies and their distributors. Seven of the top 13 U.S. life insurance companies – as well as a number of the largest brokerage firms in the country – use Andesa’s suite of services to deliver superior policy administration, plan administration, reporting and illustration solutions. Andesa’s client-centric solutions combine a unique ASP/TPA business model with a modern technology blueprint and exceptionally knowledgeable insurance professionals in support of open and closed blocks of individual and group insurance. To learn more about Andesa, visit https://andesaservices.com/.