Cognizant OIPA Cloud Advisory Offering
Helping Life and Annuity carriers realize their strategic objectives on OIPA
Cognizant's OIPA cloud advisory offering can accelerate deployment on AWS
Cognizant’s Oracle Insurance Policy Administration (OIPA) cloud advisory serves Life and Annuity carriers at key stages of their journey, including discovery, implementation, integration, and support. The OIPA solution framework helps carriers achieve their cost objectives by moving opex to an on-demand, transaction-based, and scalable model. To drive growth, Cognizant accelerates go-to-market for new products and provides omni-channel capabilities by engaging and integrating with third-party solutions.
Cognizant helps carriers customize their cloud strategy on AWS according to their current infrastructure. The goal is rapid implementation with containerization of OIPA on AWS, migration to AWS, and usage of AWS services such as Amazon Connect, Amazon Simple Storage Service, and Amazon WorkDocs.
Cognizant is an APN Premier Consulting Partner and has achieved AWS Financial Services Competency. Competency Partners have demonstrated technical proficiency and proven customer success.
This offering leverages Cognizant’s OIPA solution suite that addresses carrier needs across core OIPA and surrounding ecosystem
- Dedicated team of 350+ OIPA professionals and 2.5 million policies in production across product lines
- Third-party administrator services on OIPA for 700K policies, leveraging production-ready Term Life, Whole Life, Fixed Annuity, and Variable Annuity chassis
- Cognizant is an OIPA customer and partner and has developed more than 25 tools and accelerators across advisory and delivery services