Welcome To Previsana...
Previsana Insurance Services provides the underlying systems through which an insurer manages its primary insurance operations. It acts as the operational foundation connecting products, policies, claims and the information required to administer them throughout their lifecycle.
Insurance Services
Professional administration, underwriting, and risk assessment of insurance policies and portfolios within financial institutions or corporate risk departments
Software Development
Custom software development services
Process Management
Designing, automating, and optimizing core workflows—such as underwriting, policy administration, and claims handling
Product Innovations
Cross-functional process of designing, pricing, testing, and launching policies that meet customer needs
Backoffice Operations
Handles administrative, non-customer-facing tasks that keep insurance companies, agencies, and brokers running behind the scenes
On-premise insurance core application Leaders Decide on Core
Buying an on-premise insurance core application (such as policy administration, billing, or claims software) is a strategic choice driven by requirements for maximum control and data ownership. While the industry trend strongly leans toward Software as a Service (SaaS), certain operational realities make an on-premise implementation the best choice.
01 Deep Legacy Integration and Performance
- No Latency Delays: Running cores next to existing backend software cuts transmission delays down to milliseconds. This provides immediate processing loops for high-performance engines like real-time fraud detection or telematics.
- Simpler Integration Architecture: Co-locating the core application with existing internal data warehouses and local mainframe databases cuts out the need to manage complex external API gateways or cloud networks.
- Customization Freedom: On-premise solutions give internal developers direct access to underlying code bases and database structures, making highly specialized modifications easier to configure without vendor approval.
02 Long-Term Cost Predictability at Scale
CapEx Predictability: The transaction-heavy nature of high-volume underwriting can lead to volatile cloud consumption pricing. Upfront capital expenses (CapEx) establish a clear infrastructure runway. No Recurring Subscription Premium: Once initial hardware purchases and software licenses are paid, running expenses remain low and independent of policy volumes or cloud resource inflation. Capitalizing on Existing Infrastructure: Carriers with functional, paid-for data centers can sweat their current physical assets instead of duplicating costs by renting public cloud computing power.
03 Ultimate Data Control and Security?
Granular Oversight: The insurance company maintains complete ownership and physical control over its entire infrastructure, server configurations, and access logs. No Third-Party Exposure: Keeping highly sensitive personally identifiable information (PII) and claim details locally eliminates risk exposures introduced by external cloud vendors.Strict Compliance Alignment: Some local jurisdictions or specific insurance products mandate strict data-residency laws that require data to live physically inside corporate-owned facilities.
