Life Insurance Policy Administration Systems (PAS)
Overview
Azentio OneInsurance offers Individual & Group Life policy admin systems.
Allows Life Insurers to launch unique and new products quickly, sell aggressively and engage digitally by transforming into a customer-obsessed organization, while remaining efficient, compliant & secure.
Individual Life supports variations of - Term, Endowment, Whole Life, Unit Link & Funeral
Group Life supports variations of - Term, Credit Life & Funeral
Backed by a product team and experienced implementation team (proven implementation & migration methodologies)
Optional components - B2B & B2C portals (design, implementation & support)
Azentio also offers an ePOS solution (tablet first design) for the agency channel.
Key Features
- E2E system covering - Product setup, NB & UW, Reinsurance, Servicing, Claims & Reporting
- Workflow driven solution
- Product configurator
- Configurable rules & rating parameters
- Inbuilt document management system
- Ready APIs for Individual Life
- Self-service portals
- Proven Implementation & Data Migration methodologies
- Can be deployed either on Cloud or On-prem
- Can be offered as a SaaS model
- Subscription based pricing
Key Benefits
- Improved speed to market - via User configurable product setup and various masters
- Lower maintenance cost - due to higher configurability available
- Improved operational efficiency - due to workflow & self-service portals / features
- Near paperless office - inbuilt DMS - documents linked to respective transcations & e-signature integration in outgoing correspondences
- Higher sales volume - due to self-service portals enabling handholding of the agency force
- Lower capex - due to Subscription model
Product/Service details
SOLUTION OR SERVICE TYPE