Vendors
日本語

SymbioSys (Life PAS)

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.

Overview

SymbioSys Life PAS is made up of components like SymbioSys Product Configurator, SymbioSys Sales Tool, SymbioSys New Business & Underwriting, SymbioSys Claim Management, SymbioSys Distribution Management System, which covers all operations of an Insurance Company such as Sales Illustration, eApplication, New business, Underwriting & Workflow, Claims Management, Distribution Management (onboarding, Commission, Incentive, Contests, Payout) & Self Service Portal for Distributors/Customers. This powerful and dynamic application can be rapidly adapted to any insurance business requirements.

Key Features

Some of the key features of SymbioSys Life PAS include: Ready Services with strong configurability and automations for faster time to market for new Products, Channels, Compensation launch creating competitive edge through Differentiating Business / Operating models with an ability to proactively analyze risks with the right kind of business rules.

Key Benefits

  • High data accuracy and quality – the capture of data with all validations controlled by configurators
  • Reflexive questionnaire and requirements generation based on configurable business rules.
  • Reduced Time to Market for launch/ packaging of New Products with Intelligent workflow-driven processing for flexible adaptation, reduced time and cost.
  • Seamlessly integrated auto underwriting for quick decision Reduction in turnaround time (TAT) for proposal to policy conversion Improvement in STP rate Improvement in quality through consistent underwriting process
  • Reduction in New Business acquisition cost Improved Distributor motivation and customer experience Quick sales closure for standard cases
  • Increased operational efficiency due to automation of routine tasks
  • Effective Insurance Claim Processing
  • Reduced movement of physical documents and communication cost
  • Significant Reduction in claims turnaround time (TAT)
  • Enhanced customer/partner service
  • Reduced Time to Market for launching new types of claims.