Services

Quote & Rating Engine

Quote & Rating Engine

Automating the quoting and rating process across channels and market segments by facilitating the cloud-based insurance solution.

Fraud Deduction & Reduction

Fraud Deduction & Reduction

Advancement in fraud detection techniques to stop fraudulent activities and significant reduction in insurance fraud claims.

Integration with Policy/Claims Management

Integration with Policy/Claims Management

Enabling advanced integration to streamline and improve claims and policy management system.

Integrated Auditing & Reporting

Integrated Auditing & Reporting

Automated and integrated auditing and reporting, reducing the time, cost and potential bottlenecks of manually processing policy/claims.

Automated Risk Data Collection

Automated Risk Data Collection

Enhanced risk management by automated risk data collection. Use of predictive analysis for assessment of insurance risk.

Compliance with Underwriting Policies and Self-learning Capabilities

Compliance with Underwriting Policies and Self-learning Capabilities

Transparency around pricing, data, policy wording, and product features. Analytics applied confirm that your processes and policies comply with regulations.

Risk Quality Prediction & Pricing

Risk Quality Prediction & Pricing

Analytics help in the evaluation of risks to avoid adverse selection. Accurate pricing of insurance through underwriting leads to significant time savings and increased quality of service.

Cognitive Intelligent Assistant

Cognitive Intelligent Assistant

Integration of cognitive technologies or intelligent automation help you make smart investments focusing on informed interactions and streamlined operations.

Customizable Modules for Underwriters

Rules Management

Create new, configurable rules within the system with options to configure decisions.

Rules Binding

Configure rule binding which would define the set of rules.

Category Management

Create various parameters which are the building blocks of rules.

Product Management

Upload new products that need to be fed into the system.

Distributor Management

Upload new distributors that need to be fed into the system.

Campaign Management:

Create various campaigns within the application.

Approval Management

Approve workflows that are being sent by the underwriters for an approval.

Audit Management

Track transactions that are taking place within the application.

Bulk Rules Simulator

Upload application in bulk to process and arrive at the final decision.

User Management

Admin role to create various users within the system and assign various roles to the user.

Policy Validation

Functionality to view documents which are submitted by the broker.

Report Management

Users can view and download reports of significance within the application.

Notification Management

Receive notifications on any action items or any notification that needs to be conveyed.

Template Management

Functionality to create, edit and manage templates within the system.

Login & Logout with Role-based Access

Customized views based on the roles defined in the user management module.

Customizable Modules for Brokers

Application Forms Management

Functionality to add, edit and manage various application forms based on the product or broker.

Approval Management

Brokers can approve any new application form added for a particular distributor / broker.

Audit Management

View the audit trail for the application and updates made by the users.

User Management

Functionality to create, edit and assign roles for sub-broker users who would have access to the system.

Login & Logout with Role-based Access

Customized views based on the roles defined in the user management module.

Bulk Upload Simulator

Ability to upload various application details in bulk and get decisions on bulk application within seconds thereby, increasing processing time.

Report Management

Broker has the functionality to view various reports required for any compliance or regulatory reporting.

Notification Management

Broker can receive notifications for any action items or any notification that needs to be conveyed by the underwriters.

Policy Validation

View and upload documents that are submitted by the end-user for the underwriting process and read the remarks.

Solution Highlights

Rule-based Application

User Friendly UI for Underwriters

Reusable Components

API-based Services for Communication

Cloud-based Deployment

Audit Trail of Application Transactions

Customizable & Configurable

New Feature Compatibility

Integration-ready

Benefits

Decrease partner on-boarding time

Increase efficiency & productivity

Improve real-time decision making

Achieve better tracking & improved workflow

Improve revenue and ROI

Enhance Customer Satisfaction

Case Studies

Automated Underwriting Decisions in Seconds.

Customized Rule-based Underwriting Application.

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