SymbioSys New Business significantly enhances new business productivity & quality with comprehensive branch automation. A system for Insurers to strategically respond to changing market & competitive needs through configurable business process flow, robust product configurator evolved based on over 2 decades of global insurance industry experience. It provides information about the process flow bottlenecks to improve the productivity, efficiency and TAT.


On Premise

Functional Overview Diagram

Business Challenges

  • Long turnaround time for policy issuance
  • High NIGO (Not in good Order) rate
  • Long time to market for launching new products
  • Low STP rate
  • Inconsistency in risk assessments
  • Inability to adapt to evolving distributor, regulatory demands

Business Drivers

  • Reduce TAT for policy issuance
  • Automate Branch and Central Operations to make New Business Operations agile and nimble
  • Reduce Time to Launch New Product
  • Seamless and adaptable experience across emerging distribution channels and models

Key Features

  • Business Agility
  • High Productivity
  • Straight Through Processing
  • Consistency & Accuracy
  • Discerning Analytics

Business Benefits

  • High data accuracy and quality – capture of data with all validations controlled by configurators
  • Reflexive questionnaire and requirements generation based on business rules
  • Reduced Time to Market for launch/ packaging of New Products
  • Intelligent workflow driven processing for flexible adaptation, reduced time and cost
  • Seamlessly integrated auto underwriting for quick decision

Case Study

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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