Evari Life Insurance

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Evari’s CloudStream platform is the flexible solution for the next generation of life insurance.

With full PAS functionality for Term and Whole / Universal / Annuity products, Evari also offers life insurance product management and distribution applications through the same platform.

Built from the ground up using the latest event-driven and microservices architecture, the platform is licensed on a Platform as a Service basis. Every client leverages the same underlying platform, which is then configured via low-code and no-code builder tools to meet their specific needs including integrations to their existing ecosystem of applications.

This approach means complex life insurance products and solutions can be delivered fast, and easily iterated upon and extended to grow with the clients business.

Key Features

Applicable for all life insurance products:

  • Group and individual life insurance

  • Term and whole/ universal life insurance

  • Annuities

Omni channel distribution

  • Direct with customer / employee self service portal

  • Embedded seamlessly into third party websites

  • Agent / broker / affinity partner portals

  • Underwriter workbenches and customer service agents portal

Sophisticated access and security and easily configurable middleware layer:

  • API connections

  • Live WebSocket connections

  • Granular security controls

  • User management tools for complex use cases

End-to-end capability for all life insurance products, with ability to pick and choose modules as required:

  • Quotes and illustrations

  • e-Applications with orchestration across multiple counterparties (e.g. medical questionnaires)

  • Ratings engine

  • Underwriting workbench

  • Documents generation and management

  • Commissions management

  • Policy Administration: enrollments, payments and billing, endorsements, renewals, cancellations, reinstatements and claims

  • Realtime data for reporting / analytics

Key Benefits

Easy and extensive integration options:

  • Internal and proprietary data

  • Ecosystem of external data and services

  • Connected internal and external applications

Evari manages the technology, giving you more time to build and differentiate your product:

  • Cloud-Native system, with:

    • Real-time data platform capabilities (event stream processing architecture)

    • Autoscaling system

    • Resilient data storage

    • Enterprise grade security

    • Regular system updates

  • Tooling

    • Low/no-code builders

    • Ready built functions

    • Templated solutions for common workflows

  • Easy integrations: to modern and legacy systems, internal and external data, and facilitates embedded experiences

  • Rapid implementation: product teams are empowered to build (using no/low-code builders), with technology loved by IT. Supports iterative build approach, and as IP built on platform, build time for product changes and subsequent products rapidly declines

  • Disruptive commercial model: lower project costs and usage based pricing for PaaS