Overview
Evari’s CloudStream platform is the flexible solution for the next generation of life insurance.
With full PAS functionality for Term and Whole / Universal / Annuity products, Evari also offers life insurance product management and distribution applications through the same platform.
Built from the ground up using the latest event-driven and microservices architecture, the platform is licensed on a Platform as a Service basis. Every client leverages the same underlying platform, which is then configured via low-code and no-code builder tools to meet their specific needs including integrations to their existing ecosystem of applications.
This approach means complex life insurance products and solutions can be delivered fast, and easily iterated upon and extended to grow with the clients business.
Key Features
Applicable for all life insurance products:
Group and individual life insurance
Term and whole/ universal life insurance
Annuities
Omni channel distribution
Direct with customer / employee self service portal
Embedded seamlessly into third party websites
Agent / broker / affinity partner portals
Underwriter workbenches and customer service agents portal
Sophisticated access and security and easily configurable middleware layer:
API connections
Live WebSocket connections
Granular security controls
User management tools for complex use cases
End-to-end capability for all life insurance products, with ability to pick and choose modules as required:
Quotes and illustrations
e-Applications with orchestration across multiple counterparties (e.g. medical questionnaires)
Ratings engine
Underwriting workbench
Documents generation and management
Commissions management
Policy Administration: enrollments, payments and billing, endorsements, renewals, cancellations, reinstatements and claims
Realtime data for reporting / analytics
Key Benefits
Easy and extensive integration options:
Internal and proprietary data
Ecosystem of external data and services
Connected internal and external applications
Evari manages the technology, giving you more time to build and differentiate your product:
Cloud-Native system, with:
Real-time data platform capabilities (event stream processing architecture)
Autoscaling system
Resilient data storage
Enterprise grade security
Regular system updates
Tooling
Low/no-code builders
Ready built functions
Templated solutions for common workflows
Easy integrations: to modern and legacy systems, internal and external data, and facilitates embedded experiences
Rapid implementation: product teams are empowered to build (using no/low-code builders), with technology loved by IT. Supports iterative build approach, and as IP built on platform, build time for product changes and subsequent products rapidly declines
Disruptive commercial model: lower project costs and usage based pricing for PaaS