The SimpleINSPIRE platform is very rich in automating insurance processes
Automation for Policy Touch Free Processing
The amount of automation available in SimpleINSPIRE is a predominant aspect of the platform, which can be utilized to the point that manual intervention can be eliminated in the policy life cycle. This allows you to create high-performance insurance models.
Imagine an insured quoting and purchasing a policy either through a direct sell portal or through an agent and thereafter no one from your company ever needing to touch the policy through the life of the policy, including renewals, unless it fails a business rule during its lifetime.
How much can you Automate
Based on the LOB you can either fully automate policy processing or have a hybrid of automation and manual processing. Ingesting a quote, enriching it with API based external data, applying AI/ml, business rules, rate and quote could all be triggers points for automation or manual intervention.
Once an insured confirms purchase, issue NB policy, distribute deliverables, manage billing, process online payments, process Cancel for Non-Pay, create renewal quotes, isolate renewal exception policies by rule, issue renewals, generate compliance notices, distribute deliverables – repeat cycle for ever and ever.
SimpleSolve’s ecosystem approach offers our clients 70+ game changing Insurtech products and services that provide unmatched ability to gain market leadership through innovative products thereby creating sustainable value.
