Online Real-time Policy Issuance Engine Portal

Brief about the Client

One of India's largest insurance companies, with a revenue of over 1000 crores with numerous LOBs including as Home, Travel, Rural, and Commercial, each with multiple products. With several offices across India, the company has a strong centrally automated business process flow that runs from consumer engagement to policy issuance.

Business Overview

A purpose online web application platform that allows all intermediaries and agents to use and issue policies in real time with the backend system. The goal of this portal is to give a mobile-friendly URL for on-the-go customer engagement and to display the many cover alternatives available. Along with the data warehouse, more than 20 integrations have been accomplished.

Outcome and Benefits

Gather and integrate data from a variety of sources, as well as input from implementers, partners, and beneficiaries, to identify and investigate impediments to successful policy implementation. Identify solutions to problems and push for action to be taken. Maintain mechanisms to allow for frequent evaluations of implementation results. Share best practises among organisations, and incorporate lessons learned into future policies and strategies.

Project Development Results

For new products built in the backend system, advanced product configuration reduces go-to-market time to 6 weeks. Any device and resolution may access the online platform. User-friendly design for collecting policy data with some better user experience Back office personnel, agents, sales users, and middlemen can all access the platform. For product and payment mode access, advanced access and rights authorization management is required.

Tools and Technologies

.Net 4.6

ASP.NET MVC 5.0

WebAPI

Angular JS

Oracle 12c