Product Rule-Engine For Policy Servicing
System built to deal away with all the complexities of features and calculations of an insurance product during configuration
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Overview
Insurance products have become complex and will become even more so in future due to increased competiton. Configuration of such complexities takes days.
With our system a product can be configured in just 2-3 days with all its complexities. Moreover, all calculations are defined individually, what it means is for any specific event like policy lapsation only the calculations for that very event will run.
This tool can easily be integrated with any other external system through APIs.
Key Differentiators
Configure Any New Product Within 2-3 Days
Our configuration panel drastically reduces product configuration time to just 2-3 days
Fully API Based Integration
Our system can be easily integrated with any other system through APIs. For each activity, API is created and one can use that to easily access the calculation.
Can also be used as an Audit tool
It can easily be used as an audit tool for checking every single calculation. A fully automated audit tool which can run daily batches for required activities.
Advanced IT knowledge not necessary
Our configuration panels are built for functional experts; no need to block any technical bandwidth. It is efficient and more accurate.
Ease Of Configuration
Configuration is very easy through auto-configured rules and panels. Moreover, in-built functions and keywords help handle complex calculations at the click of a button.
Bussiness Values
Every single time a new product is launched our system goes a step further and builds APIs as well for other possible integration requirements.
Faster product launch gives larger window for distribution of products resulting in more sales.
APIs help you empower distributors and partners with capability to service policies on their platform.
Speed of execution, ease of integration helps to be ahead every single time. It can be extremely useful in acquiring new relationships as well.
It can also act as a full proof, automated audit tool to check every single calculation for already exiting rules.
Platform Capabilities
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