Overview
Graphene is the first true end-to-end SaaS insurance core system covering P&C, life and health insurance. Through its modularly deployable microservices, Graphene enables operations across the full insurance value chain - from product management to policy administration to claims and more.
Graphene is the SaaS core platform adjusting to your system modernization strategy and business needs.Thanks to its modular architecture, Graphene is powering diverse business scenarios, ranging from consolidating dozens of legacy systems as part of comprehensive multi-country core modernizations to powering new greenfield insurance ventures to acting as orchestration layer on top of legacy systems.
Key Features
End-to-end capabilities: Capabilities spanning the full insurance value chain on one modular platform, including: Product Management, Underwriting & Rating, Policy Administration, Claims & Benefits, Finance & Billing, Insights & Analytics, Digital Engagement.
Full product line support: Flexible product structure supporting composite deployments for P&C (including Motor), Life & Investments, and Health - with an ever growing number of product templates.
Flexible and innovative product structures: Flexible product engine with tiered product logic, supporting traditional insurance product structures (e.g., annual renewal) and innovative products, such as event-triggered micro-insurance, parametric insurance, stackable accumulator propositions, and usage-based propositions.
Extensive configurability: Template- based and no-/low-code, configuration-first approach for backend and frontend, while providing customization flexibility through extension points without impacting upgradeability.
Holisitic automation capabilities: Integrated configurable workflows with flexible decisions and calculation engines to combine fully automated, manual and hybrid processes - with supporting AI capabilities to maximize straight-through processing rates.
Future-proof technology: Cloud native and cloud vendor agnostic (AWS, Google Cloud, Microsoft Azure, Oracle, etc.) tech stack, with open and modular microservices based architecture.
Evergreen multi-tenant SaaS: Available as private or public SaaS deployment across all major cloud vendors with continuous new product releases and upgrades, ensuring an evergreen, reliable and secure core system.
Fully managed and compliant: SaaS platform, CI/CD process, automation, observability, GDPR/PDPA compliance, data privacy; choice of deployment modes, multi/single tenancy and joint responsibility models.
Key Benefits
A | Complexity and cost reduction – via composite, E2E core focused on configuration and automation: Up to 80% reduction in IT change and run costs, while achieving unmatched straight-through processing rates.
B | Unmatched innovation capabilities – enabling you to grow through first-in-market propositions: Ability to reduce innovation cycles from several months to weeks, while becoming a partner of choice for your distribution partners and redefining the customer experience.
C | Full flexibility of modernization approach – tailored to your circumstances and with faster speed-to-value: Proven capabiliy to deliver efficient go-live (often in <3 months from contracting) to fund the modernization journey, while providing full flexibility on gradual and modular modernization approach.
D | Unlimited global scalability – with a focus on enabling effective regional/global operating models: Proven multi-country, multi-tenant deployments cutting IT run and change costs costs by 80% per country tenant, while providing more oversight and control on a single code base and centrally managed infra.
E | Secure evergreen core – enabled by future-proof technology and continuous upgrades: Ensuring that our clients stay at the forefront of innovation and security, without building up technical debt and maintainability risks.
F | Readiness for future AI-first operating models – realizing the full value potential of your data assets: Built-in big data platform and granular API management to enable new AI-first operations - whether you are using Peak3's own AI solutions or your own preferred solutions.