C2L BIZ, a leader in Digital Distribution solutions, today announced the availability of Product Configurator as-a-service, which can help Insurance carriers either accelerate Digital initiatives or strengthen the current suite of Digital solutions. The service includes capabilities that can help Insurance carriers increase speed to market for new product launches, improve digital adoption, achieve higher performance at significantly reduced implementation cost.
“In today’s digital age, investing in digital transformation, quick product launch to meet market and distributor demands, is key to drive growth for Insurance carriers,” said Mandar Tirodkar, Chief Architect and Product head for C2L BIZ. “We strive to continuously enhance our solution capabilities to provide our clients with an ability to innovate and achieve faster product introduction”.
The flexible product configurator, that can operate across diverse digital platforms, with ease of integration, is a major demand from Insurance carriers for the success of the digital initiative to improve distributor and customer experience and create competitive differentiator.
Some of the highlights of Product configurator include:
+ Unified product configurator for Life, Annuity, Pension, Health products and Riders
+ Availability in connected and disconnected mode across diverse digital platforms
+ Ease of packaging different sales offerings within a product
+ Illustration modeler for new business and inforce illustrations
+ Active customer engagement tool(“Solvers”) for informed decision making
+ Support for Joint life, multi-lives products, and combo offering
“These features have been put into use by our clients to deliver products more quickly, at a reduced cost. The tool provides flexibility for Insurance carriers to build their own digital app on diverse platforms, with UI/UX to meet local needs, using proven product engine, to ensure timely launch and success of their digital initiative” commented Bhavesh Lalan, Co-founder, Chief Technology and Product Officer of C2L BIZ. The Product Configurator is used by over 30 insurers and has already configured over 600 plans, 1,000+ riders, and 10 solvers.
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