Overview
SimpleINSPIRE from SimpleSolve is a enterprise Insurance Administration application suite to manage your P&C Insurance book of business. Built on very modern technolgy, it is designed to easily integrate and realize immediate value from fast emerging technologies and services. The fully integrated suite makes data available across modules in real time (Single Database) and it includes Policy, Billing, Accounts, Claims, Agent portal, Smart BOTs and a Consumer Self-Service portal. It can become the foundation of an insurer’s competitive edge in a fast-transforming digital economy. Applications can be deployed on the Cloud or On-Premise. The company has an eco system made up of partnerships with several Companies providing Insurtech Products and Services.
Key Features
Single application to rate, quote, issue and manage multi line policies, manage billing and receivables, agencies & commission and Claims. Agents and Underwriters use the exact same application. But a powerful role management function limits what an agent can do besides quoting and managing their policy book of business. Built in rating engine, business rules validation, efficient policy forms management module to produce all policy forms, built in work-flow, a high level of automation for functions like installment billing, auto tracking cancel notification and cancellation for non-payment, state rules based auto renewals agency commission management, payment gateways including auto pay, integration with external services like Risk Credit Scores, Replacement Cost, eSignature, print outsourcing, document eServices, etc. Through eco system partnership, we interface with over 50 products and services and also provide Policy and Claims TPA services.
Key Benefits
The biggest benefit would be a significant reduction in Average Handling time thrugh the entire policy life cycle. You can easily see a quick increase in the Average Revenue Per Employee (as a measure of efficiency). The system is based on the latest technology yet taking advantage of our 20+ years of production experience with clients ranging from 5MM to 400MM. You will not have to worry about system replacement for a very long time. The system is designed and architected to integrate, collaobarate and take advantage of emerging technologies including insurtech. We already have integrations to over 70+ such products and services. Our platform can handle multiple lines, multiple states, multiple issue companies, multiple modules (Policy, Accounts, Claims) all within the same system. The system is highly scalable, which means the system will enable growth and never limit it.