This leading global insurer, with a presence across 60 countries, offers life and non-life insurance products in Thailand. The insurer, after a not-so-satisfactory experience with its earlier solution, for its agency business did an extensive evaluation of various leading solution providers. The insurer sought to identify a solution that would help their bancassurance partners, quickly empower their sales team to manage the end-to-end sales process, effectively. This solution was important for the insurer’s vision to transform itself, to be a new age insurer in the changing digital landscape in Thailand. Another important criteria for the selection of SymbioSys Sales Tool, was its future extensibility, for insurer’s multiple LOB’s and other distribution partners, including tied agency
The said Insurer plans to leverage SymbioSys Sales Tool’s end-to-end proposition comprising of eKYC, Sales Illustration, eApp and Auto Underwriting to get ready for the digital transformation of its bancassurance model.
Sacchit Parnaik at C2L BIZ highlights, “Having experienced various limitations with an earlier vendor, the insurer was very cautious and did a hands-on POC and set tough conditions of setting up multiple end to end products within a day and wanted the entire set up to be done in presence of insurers own team. Even during the intensive POC exercise, C2L BIZ demonstrated the resilience of its low code- no code capability by setting up most of the insurer’s needs completely through configuration.
“In addition, C2L BIZ demonstrated the power of its Minimum Viable Product (MVP) based implementation model, during the evaluation and how the solution could get implemented much quicker than the anticipated time” said Mangesh Vaitla, Co-Founder, of C2L BIZ.
About C2L BIZ:
C2L BIZ, an Insurtech company, with state-of-the-art products focused on Digital Sales, Distribution Compensation Management, Underwriting, and Claims Management. Combining domain expertise and focus on business outcomes, we have transformed Sales and Distribution operations of over 40 Insurers across 12 countries, powered by a highly configurable, low code SymbioSys product suite. With over a decade of driving innovation, Insurance companies trust C2L BIZ to deliver technologically advanced solutions to improve competitiveness, customer, and distributor experience.
Learn more about C2L BIZ at www.c2lbiz.com