Insurer Policy - Functionally Rich and Agile
From product development, rating, and quoting, through underwriting, issuance, service, and reinsurance and to billing and financials, Insurer Policy, a market-leading and award winning solution, provides you with the robust and functionally rich policy management solution you need to compete for personal, commercial and specialty lines customers.
Insurer Policy prepares you for everything from real-time rating and inquiry, micro-rating, collaborative underwriting, and mobile technology, to innovative new products, expanding distribution channels, and collaborative customer interaction.
And it makes you future-ready and prepared for whatever may come.
Insurer Policy uses a modern SOA architecture uses pre-built and re-usable services that ease integration and associated costs.
It includes an extensive set of “out of the box” capabilities including business rules, portals, screens, 3rd party integrations, and reporting.
The data model, screens, product definitions, business rules and workflow are managed in our Insurer Configurator to quickly define, model, implement and modify processes to meet specific policy business needs. You can change as needs demand!
Insurer Policy offers insurers the broadest and deepest business and technology capabilities but goes much further to include:
- Product Innovation
Develop new products, enter new states and expand channels quickly with a dynamic, graphical, business friendly product management toolset.
- Underwriting Excellence
Utilize a risk portfolio view of the customer and/or the household, and get in-depth data analysis of underwriting trends plus access to and collaboration between underwriters and distribution channels.
- Chanel Optimization
Respond to market demands, channel options, portal access and enable "distribution fusion" enabling channel options based on customers.
- Insurance Specific Analytics
Proactively analyze, manage and grow your business with data-intense decisioning, out-of-the box dashboards and key measures.
- Lower Total Cost Of Ownership (TCO)
No additional license, maintenance or integration cost for CRM, Analytics, Rating, Reinsurance, Channel Management and Billing.
- Business Agility
Respond quicker to market changes and opportunities, M&A, new channels and products, and customer demands with robust, flexible configuration.
- UI Design Capabilities
Broaden the pool of potential employees and ease on-boarding with the UI design, language and help capabilities.
- Delivery Options
Meet market needs with a range of options including on-premise, ASP, BPO, SaaS and Cloud that can "change" with the business.
- Compliance and Risk Management
Provides full auditability across the system for changes and data, different brands or companies to support compliance and regulatory requirements.
Benefits and Results
Maintains more than 20 million policies and 40 million client records.
Speed to Market
Launched direct to consumer brand, reached new market and profitable in 15 Months.
Grow and enhance customer relationships.
Respond to customer demands and expectations with a 360 degree view of the customer, analytics and portals.
|Profit & Growth
Reallocated capital to other growth initiatives with SaaS implementation.
Contributed to 50% growth.
Lower Total Cost of Ownership (TCO) with no additional license, maintenance or integration costs
Innovation Group produces award winning solutions for the P&C industry.
Click here to see our latest awards.
Innovation Insurer has been recognized by leading analyst firms in reviews and ratings.
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