Overview
Insly is a cloud native platform for Insurers, MGAs and other underwriting entities to build and distribute their products, distribute them efficiently and handle the entire quoting and underwriting journey.
Key Features
- Low-code product builder allows underwriters to design their insurance product, covering data capture, rating/underwriting rules, workflows, document template generation, and API integrations.
- The distribution/underwriting functions allow automated STP style process, a manual undewriter-driven process or a combination. Out of the box broker portal lets underwriters easily onboard distribution partners and give them the appropriate level of access and empowerment.
- The finance functions include direct/agency billing, easy reporting to capacity providers via API or bdx and an MGA/insurer specific accounts ledger that provides real time P&L information.
- Claims module covers the entire claims handling process and integrate to underwriting systems.
Key Benefits
- Quick time to market for new products and product changes (Product Builder)
- Cost savings and additional sales as a result of increased efficiency / automation. (Quote & Bind/UW)
- Instant revenue recognition, deeper insight into portfolio performance, reduction in human error and full auditability (Finance)
- Reduced claims handling costs and improved insight into portfolio performance via underwriting system integration (Claims)