Life/Health/Annuities Billing Systems

Report Summary

Life/Health/Annuities Billing Systems

August 2017 - This report provides an overview of the available stand-alone billing systems for US life/health/annuities insurers. It contains profiles of each of eight vendor solutions, summarizing the vendor organization, technology used, differentiators, client base, lines of business supported, deployment options, implementation approaches, upgrades and enhancements, and key functionality.

Vendors included: DXC Technology, EIS Group, Infosys Limited, Majesco, OneShield, Oracle, Vitech Systems Group, and VUE Software.

Key features and components of LHA Billing services surveyed by Novarica include the following:

  • Direct Bill
  • Account Bill
  • Payroll Deduction
  • Payment Plan Configuration
  • Cash Management
  • Receivables Aging and Delinquency Management
  • Commissions Payment
  • Collections
  • Other Functions (invoices and correspondence, native PCI compliance, equity billing and cancellation support, etc.)

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