Sales Infinite Digital Insurance for Delegated Authority
Delegated Authority has undoubtably become one of the fastest growing distribution channels for the Insurers, helping them to expand their reach to the far shores and previously unreachable market segments.
Managing thousands of Binders selling hundreds of products while adhering to the precise guidelines has turned out to be a mammoth exercise for the Insurers.Timely collection of vast amount of data generated by the Binders and their Placing Brokers has become very challenging. Operational complexity has started impacting channel profitability.
Sales Infinite Digital Insurance platform for Delegated Authority makes it easy for the Insurers to manage their entire Delegated Authority Distribution Network. Precise centralised definition of insurance products and their pricing rules ensure that the products are underwritten exactly as specified. Automated pricing, automated document generation and automated recurring payment collection from the customers using digital wallet ensure that the Binders and Placing Brokers are operating at their highest efficiency.
Entire data at the finest granularity generated by the Binders and their Placing Brokers are collected in real time without the need of any bordereaux submissions.
- End-to-End Distribution Platform - Insurer, MGAs, Brokers and Customers, all on the same platform with centralised product definition and distribution
- Centralised Product and Pricing Definition using zero-code configuration console - Launch new insurance products within just a few days and selectively distribute throughout your distribution network immediately
- Selective enablement of E-Commerce, M-Commerce, Face-2-Face and Telephone Distribution Capability at every distribution node (e.g. Binder / Placing Broker)
- Enhance Productivity 10 fold at every distribution node
- Payment collection from Customers at every distribution node using Digital Wallet Realtime analytics to monitor performance of entire distribution network
- Realtime data collection at the finest granularity without the need of bordereaux submissions