We have formed a partnership with Lifeware to support wealth and life insurers in modernising their business with an end-to-end bespoke platform to digitise entire businesses models. The result, enhanced client / distributor experience while delivering step-changes in cost efficiency and resultant insurer profitability. Furthermore, together with insurance colleagues in the wider PwC Network and our local technology and data analytics / machine learning teams, we have developed several digital assets and accelerators to allow insurers to reach their return on investment more quickly.
Since its inception in 1998, Lifeware has been at the forefront of reshaping the life insurance industry, and we are proud to be on this transformative journey together.
By combining their different skills – from creating new insurance products to managing the details of insurance policies – Lifeware came up with new and clever ways of doing business. Think of it as the operating system for life insurance. This unique approach is where Lifeware really shines – it helps their clients do their work faster and at a lower cost. It's one of the most important things Lifeware does - because it helps our clients stay competitive. And it helps them grow their revenues too by creating new kinds of insurance products and selling them, opening up new possibilities for the industry.
Private designated secure Tier IV cloud based insurance offering scalable up/ down to your evolving needs
Benefit from Lifeware’s experience successfully migrating (>40) life platforms & related legacy infrastructure
Controllable, flexible pricing model aligned to your success & scale whilst enabling efficient regulatory change – win-win solution
Agile, DevOps, test driven approach enables fast & robust change & deployment
Rich “intuitive” user experience where it’s easy to transact – pleasure to do business
Lifeware provides full in-platform or partial solution service depending on your specific needs
Benefit from Lifeware’s experience successfully migrating (>40) life platforms & related legacy infrastructure
Lifeware comprises licenses to enable it to act as an insurer for existing portfolios and new business and a servicer of all past & future policies
Lifeware developps required functionalities or allow full integration with external provider or partners through API or other technologies
Lifeware provides an end-to-end web-based service for insurance that covers the entire value chain. All function areas of the insurer’s business may be run and managed through the Lifeware service.
PwC accompanies Lifeware on the full journey with you including business case, project management, implementation, workflow design, testing, and post-production support.
Some of the functionalities that can be integrated and automated include:
Matt Moran
Advisory Partner, Insurance, Alliances Leader, PwC Luxembourg
Tel: +352 49 48 48 2071
