bancassurance portal

Drive Remarkable Sales Growth with an Exclusive Portal for Bancassurance

AVO Banca, is a fully featured and responsive digital sales and distribution solution that provides end-to-end support for bancassurance.
It empowers banks to integrate with multiple insurance companies, from different lines of businesses (P&C, Life and Health), and compare and sell their insurance products, thus providing a wide product range for their end-customers.

Overview

Bancassurance is one of the most popular distribution channels for insurance companies. Banks help insurance companies in extending the reach of insurance products to their existing customer base as well as potential ones.
AVO Banca, a bancassurance portal, is exclusively designed to enhance operational transparency between insurance companies and banks and helps tap this opportunity with digitized processes.
AVO Banca also facilitates online purchase of policies and servicing of the policies bought with real time interactions between banks and insurance companies.

Features

Explore the distinctive features of AVO Banca, that provides insurance companies and banks with an easy and convenient way to achieve business objectives

Integration with Multiple Insurance Companies

Enable comparison of quotes, saving and retrieval quotes. Multiple quotes can be generated from different insurance companies.

Multiple Product Comparisons

Intelligent comparison of multiple products from different insurance companies. Deliver the best quotes and issue suitable policies


Multiple Payment Modes

Enablement of payment via payment gateway of the selected insurance company. Convenient bank specific payment methods such as direct debit from customer’s account.

Core Building Blocks – A Modular Approach

Learn more about AVO Banca’s core functional blocks in a modular setup

  • User & Hierarchy Management

    Manage users of the application with hierarchy mapping

  • Customer Profile Management

    Capture customer details and map issued quotes

  • Master Data Management

    Map Master data to Insurance Companies Masters

  • Quote Management & Comparison

    Generate multiple quotes from insurance companies and provide comparison options to customer

  • Policy Issuance

    Real time issuance of policies with policy schedule

  • Notifications

    Initiate email/SMS notifications

  • External System Integration

    Payment gateways, email/SMS gateway, Insurance companies

Value Proposition

AVO Banca comes with a host of benefits, designed to meet your business objectives

  • Facilitate Up-Sell and Cross-Sell

    Tap potential opportunities that fits customer requirements with historical data of customer preferences

  • Drive Revenues

    Enhanced operational efficiency across the bancassurance lifecycle helps in increased sales growth

  • Issue Policies in Real Time

    Instant communication between banks and insurance companies leads to straight through processing and reduced turnaround times

  • Rapid Go-to-Market

    Introduce and offer new products with ease, expand your customer base and create new markets

  • Issue1 Real Time Quotes/Policies

    Instantly generate quotes and issue policies. Reduce load on your core insurance system

  • Provide Quick Turn Around Time (TAT)

    Delight your customers by providing quicker turnaround times for policy issuance, renewals, endorsements

  • Ensure Greater Flexibility

    Allows insurance companies to configure different privileges for pricing, underwriting and operations to
    different intermediaries

  • Gain Better Oversight

    Take complete control over your distribution network with configurable levels of pricing and underwriting
    privileges

  • Increase Transparency

    Manage complex commission structures and make payments online

  • Be Eco-friendly

    Help the environment by enabling end-to-end paperless process for policy issuance

Related Solutions

Portal for Insurance Brokers/Aggregators

Compare quotes from different insurance companies and seamlessly manage end-to-end interactions. Know More

Digital Sales & Underwriting for P&C Intermediaries

Enable P&C insurance intermediaries to manage and digitize the sales and underwriting lifecycle efficiently. Know More

Interested to learn more about our Portal for Banks and Insurance Companies?

Request Demo

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