Client is a provider of annuities, and life insurance policies in the United States and is part of one of the largest financial institutions in the world. HCL’s Innovative system re-design and project execution helped in launching Variable Annuities Application, redesigned to incorporate flexibility and data driven architecture to facilitate quick product launch.

1. Valuable Transformations
How HCL Helped an American Insurance and Annuities
Provider to Enhance Business

2. The Challenges
• Product Challenges Like Volatility in
Financial Markets, Variable Annuity
Guarantees at Pre-Crisis Levels
• Distribution Challenges Like
Expanding Distribution Channels with
Broker and Dealers
• Rigid System Challenges Like
Inflexible System Architecture

3. The HCL Solution
• Application Redesigned to Incorporate Flexibility
• Data Driven Architecture to Facilitate Quick Product Launch
• Enabling The Depository Trust & Clearing Corporation (DTCC)
Transformation Program To Expand Business With New Broker
Dealers
• Redesigned Processes to Support Fixed Annuity Business through
Electronic Channel

4. • Re-Launch Of Core Variable Annuity
Product with Two New Riders
• Product Launched in Record Time Of 15
Weeks with Minimal Defects
• Launched DTCC for Fixed And Variable
Annuity Business Lines
• More than 25 Broker Dealers On-Boarded
for Fixed Annuity Business Within a Year
of Launch
• Top Line Revenue Growth and Reduction
in Operational Cost
The Benefits

5. Questions
• How IT Transformations can be Done in a
Seamless Manner?
• How IT Business Applications Can be Consolidated
without Affecting Current Systems?
• How Consolidation of Business Systems Helps in
Achieving Business Goals?
• Why it is Essential to Manage Vendors Efficiently
for a Financial Services Firm?
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6. Copyright © 2014 HCL Technologies Limited | www.hcltech.com6

7. Copyright © 2014 HCL Technologies Limited | www.hcltech.com6