Insurance-as-a-Platform

Underpinning World-Class Insurance-as-a-Service Solutions

1

Change with the world

The insurance industry is under unprecedented pressure due to global events and the insurance market will never be the same as it was before

2

Market-focused not IT-focused

Low-/no-code technology means that product and market specialists can build insurance products and services without development skills

3

Network reach

More than ever partnerships and alliances are going to be key to maintaining market share and critical in expanding business into the new mass markets

4

Micro-products

For the most vulnerable and poorest in society there is a need for a new insurance market category to address their specific needs and concerns


Key Insurance Subsystems

Sales

A complete sales and origination solution:
• Issue offers
• Conclude policies
• Collect information & documents from potential clients.

Policy Management

Ongoing policy adminstration and management functions:
• Amendments
• Renewals
• Reinstatements
• Adjustments

Commissions

Internal and third party commission definitions and configuration:
• Set up policies
• Define rules
• Define intermediary responsibilities.

Claims & Recoveries

End-2-End claim processing workflow with external service provider integration:
• Claim registration
• Claim handling
• Claim liquidation

Reinsurance

Administration for both retrocession and assumed needs for all lines of business:
• Sharing excess risk
• Reinsurance contracts
• Bordereaux

Compliance

Fully integrated with the common platform GL providing journal updates to external on internal finance systems:
•  View records
• Manage records

Billing & Collections

Configurable billing and collection workflows with white-labelling  :
• General billing
• Direct debits
• Dunning
• Social Media

User Roles & Access

Multi-level access and delegation management functionality: 
• Staff
• Customers
• Partners/Agents
• Service providers
.

IaaP/IaaS Configuration Suite

Product builder

Product explorer

Defining Data updater

Social media manager

Commission principles

Sales campaigns manager

Product template manager

Reporting data set manager

Organisation model manager

Reinsurance defining data manager

Onboarding and registration manager

Claim configuration for automated claim processing

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