Functional Overview Diagram
- Generic Systems mostly focussed on Group Health and unable to address Instalment Premium, Bonus and reward points
- Siloed and Fragmented Systems not covering all aspects of policy management like Refund, Endorsements,
- Limited process/ workflow adaptability in changing partner needs
- Higher maintenance costs due to multiple systems.
- Long TAT for policy issuance due to mandatory scheduled batch issuance in legacy PAS
- Product flexibility/time to market.
- Automated processes with reduced TAT for policy issuance.
- Optimize operational cost and even system maintenance.
- Unified system including ability to handle, underwriting, distribution partners/channels compensations & health claims processing in a single system
- Workflow driven end to end refund tracking and processing up to bank.
- Flexible Product & other Configurators for UW, Claims and even distribution compensations
- Real Time application decision with automated UW and for quick Policy Issuance in emerging digital ecosystem
- Automated renewals with recurring payment setup
- Auto Renewal Registration electronic clearing systems
- Endorsement, Portability Workflow and Processing
- Bank Statement upload and Reconciliation, Refund Generation and Processing with Bank integration
- Instalment Premium Payment option, Policy Premium & Receipt accounting including Oracle GL files
- Stamp Duty / Revenue Stamp set ups
- Rapid Time to Market for new Product/ channel partners launches
- Unified service managing from Policy Admin management, UW, Claims and even Distribution Management
- Ready APIs to Integrate with rest of emerging Digital eco-system, e.g. Payments and Health Records Gateways, Client Portals and Policy Aggregators.
- Aiding Financial Accounting for better Payment and Premium data tracking.
- Seamless Renewals, Endorsement, Policy portability modules critical for better digital customer experience
Excellence is not attained in a day! Our teams have worked beyond expectations to attain in-depth knowledge and offer customized solutions to our clients and partners. We carefully analyse our reach and every strategy to stay true to the time.
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