Jaipur, 302022,
India
Shriram General Insurance Technographics
Shriram General Insurance Technographics, Software Purchases, AI and Digital Transformation Initiatives
Discover the latest software purchases and digital transformation initiatives being undertaken by Shriram General Insurance and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 5000 Shriram General Insurance employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that Shriram General Insurance has purchased the following applications: Novac STATIM Billing and Collections for Insurance Billing Administration in 2023 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems Shriram General Insurance is running and its propensity to invest more and deepen its relationship with Novac Technology Solutions or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing Shriram General Insurance revenues, which have grown to $500.0 million in 2024, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for Shriram General Insurance intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
Shriram General Insurance Tech Stack and Enterprise Applications
Shriram General Insurance ERP Services and Operations
Vendor |
Previous System |
Application |
Category |
Market |
VAR/SI |
When |
Live |
Insight |
|---|---|---|---|---|---|---|---|---|
| Novac Technology Solutions | Legacy | Novac STATIM Billing and Collections | Insurance Billing Administration | ERP Services and Operations | n/a | 2023 | 2023 |
In 2023, Shriram General Insurance implemented Novac STATIM Billing and Collections in the Insurance Billing Administration category to centralize billing and collections business functions. Shriram General Insurance implemented Novac STATIM Billing and Collections in the Insurance Billing Administration category to align premium invoicing, receivables and collections workflows with its broader digital channel strategy.
The implementation leveraged Novac Technology Solutions capability to automate core insurance workflows, explicitly instrumenting Policy Generation, Claims Management and Customer Support systems through digital technological platforms. Novac STATIM Billing and Collections was configured to support premium invoicing, payment processing, collections automation and reconciliation functions alongside orchestration of customer service and claims touchpoints.
Deployment was executed as an online digital platform rollout across SGI operations in India, with Novac Technology Solutions providing IT and InsurTech services to the wider Shriram Group including Commercial Vehicle Financing, retail financing, Life and General Insurance units. Integrations focused on operational handoffs between policy administration, claims systems and customer support channels, enabling end to end electronic processing and channel routing as paperwork was removed from core workflows.
Governance centered on process automation and a staged operational transition, the organization moving toward paperless offices and near fully online platform operations following the tie up with Novac Technology Solutions. The InsurTech tie up was structured to centralize billing and collections controls, embed digital workflows into underwriting, claims and customer support, and to provision shared IT services across the group rather than discrete point solutions.
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Insurance Claims Management | ERP Services and Operations |
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2023 | 2023 |
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Insurance ERP | ERP Services and Operations |
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2023 | 2023 |
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Insurance Policy Administration | ERP Services and Operations |
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2023 | 2023 |
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IT Decision Makers and Key Stakeholders at Shriram General Insurance
Apps Being Evaluated by Shriram General Insurance Executives
| Date | Company | Status | Vendor | Product | Category | Market |
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