Inube - Case StudiesProvided a unified platform to digitally enable Intermediaries across a multi-channel distribution setup

September 26, 20210


The Challenge

The customer had a multi-channel distribution model encompassing Bancassurance, Agency, Broking and Retail Direct Channels. The customer was in need of a unified and robust platform to manage all intermediaries and digitally enable them.


The Solution – Unified Platform for Insurance Intermediaries

iNube bundled two products from its stack – PolicyLive and APPsLive to create a seamless unified platform for intermediaries.
Solution coupled with customer’s core insurance system enabled real-time issuance of policy to end customers PAN India
Mobility extension of PolicyLive –extended the reach to tier 2 and tier 3 cities.
Locally configured premium calculation logic
Built-in underwriting rules and workflow enabled for underwriter to login and take decision on non-STP policies
Other key capabilities introduced – Endorsements, Claim intimations, Agent Commission management, Agent Credit Float management etc.


Value Delivered

50%

Reduction in TAT for Quote to Policy conversion

20000+

Policies issued per month

16000+

Intermediaries enabled

100000+

Quotes generated per month

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