The Challenge
Customer is an award-winning general insurance company offering Agriculture Insurance.
The business processes in the Agri insurance space are largely manual and time consuming. It involves processing data from multiple sources – Banks, Government portal etc. There was a need for a comprehensive technology enabled solution to streamline the business processes and drive operational efficiency.
The Agri Insurance Solution
AgriLive – A comprehensive Agri insurance solution to sort, cleanse and process large volumes of data before pushing to the core application for policy issuance and claims management.
- Automatic sorting of data at village and crop level for policy issuance
- Configurable logic for calculation of sum insured and premiums
- Multiple levels of validations and sanity checks with workflows to handle deviations (SI & Premium differences)
- Reconcile premium payments data from different sources (State Govt, Central Govt, Farmer share)
- Embedded logic for claim calculation across PMFBY & WBCIS schemes
Value Delivered
- Productivity gain by eliminating human error w.r.t. premium calculations
- Accurate estimation of crop yield from the field enabled by CCE Mobile App
