Insurance Technology

//Insurance Technology
Insurance Technology 2017-12-07T19:46:37+00:00

Insurance Technology

Insurance Technology

For the more technically minded, below is a summary of all the features of the Quotall insurance system

Full-cycle insurance e-commerce trading platform:

  • Available for insurance ecommerce trading 24x7x365
  • Multi-quote – with the facility for client-defined carrier panel and product lines
  • Integrated premium payment facilities for installments, debit and credit card payments
  • Secure client and customer online accounts to manage all transactions – quotes, sales, MTA’s, cancellations, renewals, claims initiation and communications
  • Multiple users can be specified within each client account
  • An integrated email service provides client-brandable/co-brandable transactional emails
  • E-commerce portals: Wholesale broker, MGA and Insurer portals as well as direct to consumer websites include full quote, buy and policy administration facilities

Web interface:

  • Optimised for e-commerce using best practice customer usability research
  • Optimised for search engine marketing (SEO/Natural/Organic search)
  • All website pages can be client-branded, co-branded or white labelled
  • All website content can be tailored to suit the client and their target market (excludes the product question sets)
  • A flexible user registration facility can be placed anywhere on the direct to consumer website

 

Email platform:

  • An integrated, enterprise class email management platform
  • Delivers real-time or batched emails
  • Message editing with broker-branded or co-branded templates
  • Full general insurance policy administration:
  • Insured-centric view
  • Workflow Management
  • Integrated service emails
  • Full-cycle processing
  • Full security & permission for employees & at function level
  • Supports FCA compliance
  • Multi-currency, Multi-Lingual, Multi-Carrier, Multi-Channel

 

Insurance accounting including:

  • Full multi-currency cash and credit accounting
  • User defined export to third party Nominal Ledger
  • Installments, DR/CR card

 

Claims & Risk management:

  • Claim notification and creation
  • Extensible Claim Data Set using Questions Defined by Scheme Product
  • Setting of reserves
  • Multiple Claim Coverage types
  • Claims Settlement including payments/refunds, costs and fees, updating of reserves, multi-currency
  • Third Party Access for Loss Adjusters, Solicitors and Brokers
  • Claim Monitoring, Control (alerts/Diary) and Correspondence

 

A fast and flexible product build facility

  • Build any class of general insurance product including data model, rates, rules, documents and screen design
  • Standard product definitions across multiple channels – Broker, MGA or Insurer portal or direct to the customer website
  • Full control across all elements: questions, business rules and documents
  • The ability to delegate ownership of products to clients – clients can manage their own question sets and validate the premium calculation
  • Dynamic and automated quote and policy document generation
  • Full version control of product
  • Extensible (Dynamic) Data Model core data and question-based extensions defined by product – no fixed schema
  • A full suite of documentation
  • Document generator – configurable quotes, confirmation of terms, policy, endorsement, renewal, cancellation, cover note, receipt of payment
  • Document management – electronic storage of all documents for Customer/User /Policy/Claim

Insurance technology with full management reporting

  • Pre-configured reports
  • Ad hoc reporting
  • Data mining of client information for cross-selling
  • Workflow management alerts:
  • System-generated alerts, triggered by system events
  • Client-generated alerts (within Claims)
  • Alerts can be sent to an individual or to a group
  • Alerts can also be generated by Renewals if required
  • System maintains a status of each alert – Pending, In Progress, Completed

Insurance Technology

A flexible, low cost web-based open standards architecture:

  • A true n-tier solution
  • Web-based from the ground up
  • Client portal with authorisation based access
  • Services layer can be exposed to support other channels
  • Open Source solution options
  • Fully integrated role based security and authorisation model
  • Staging environment for product configuration and testing
  • Scalable and resilient operating platform
  • Based on Java J2EE & Oracle technology
  • Supports Windows, Linux and Solaris based OS
  • Support for common document management systems – iManage, Alfresco, IBM Filenet, Swordfish, MS SharePoint 2010

 

Please contact us for a demonstration of the Quotall insurance e-commerce software, or to receive more information.

21st century insurance technology

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