Our Product & Platforms
We have been helping our BFSI customers deliver impactful digital solutions for several years. Every day we draw strength from our more than a decade of hands-on industry knowledge to service top BFSI customers across multiple geographies.
Our experience tells us that one of the critical impediments BFSI customers face is the faster launch of products with a configurable and frictionless product-buying and fulfillment journey. We aim to accelerate how our customers launch their products faster on their digital channels and realize strong engagement with their users by leveraging digital technologies.
While we were delivering modern digital insurance solutions to our customers and also helping them streamline their onboarding, buying, underwriting, and self-servicing processes, we came across several challenges faced by Insurers and the entire eco-system of partners and intermediaries that were holding them down from becoming truly digital business and participate effectively in the digital economy.
We created several products, solution accelerators, and reference architectures to help our BFSI customers resolve their pressing challenges. We took our digital reference architecture a level up by creating an end-to-end platform for omnichannel insurance distribution.
InstaSure
Which provides a unified platform for insurers and brokers to digitalize the customer onboarding, policy buying, and self-servicing journeys across multiple channels.
InstaSure is architected in a modular fashion that allows our customers to mix and match the various modules per their requirements. They could either integrate our modules with their existing systems or replace them with our end-to-end platform.
Have a look at our products portfolio and how these could help transform your business digitally
Products and Platforms
Transforming Legacy Insurance into a Digital
Heading Example
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
Heading Example
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
Heading Example
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
Heading Example
A paragraph is a self-contained unit of a discourse in writing dealing with a particular point or idea. Paragraphs are usually an expected part of formal writing, used to organize longer prose.
Challenges faced by Insurers & Brokers
Few of the key challenges insurers face on the path to digital transformation are quick and frictionless user onboarding, policy buying, and self-servicing on their digital platforms. It often requires integration with multiple 3rd party services as well as core internal systems. If not done efficiently, it leads to inflexible systems and hence increases the turnaround time.
Delay in response from core systems
Core insurance systems are not meant for today’s digital world. These are systems of records with complex risk, pricing, rules, and product structure models. The customer onboarding and policy buying journeys on digital platforms often require information that traditionally lay buried inside the core systems.
Our Solution
Tailor
InfoAxon's Product Manager, 'Tailor' solve this challenge by allowing a middle layer to configure product rules, validations and boundary conditions.
Our Solution
Tailor
InfoAxon’s Tailor Product Manager provides a low code, no code environment to quickly configure channel specific digital journeys with insurance products rules, validations, and boundary conditions. This ensures digital journeys are seamless across the digital channels.InfoAxon's Product Manager, 'Tailor' solve this challenge by allowing a middle layer to configure product rules, validations and boundary conditions.
Non-configurable
journeys across channels
Digital Transformation opens the doors to new customers, products and new markets, however, it also requires strong capabilities to deliver frictionless and personalized experiences across channels.
With the explosion of channels (both insurer owned and eco-system partner owned), insurers need a digital first architecture and a flexible Platform that can unify the experiences, and provide capabilities to tailor and rapidly launch insurance products for different channels and partners. Ability to define product rules, validations, boundary conditions, and configure digital journey in real-time to quickly launch digital variants is the key to succeed in this digital world.
Fragmented Digital Experiences
Digital Transformation opens the doors to new customers, products and new markets, however, it also requires strCurrently insurers offer fragmented journeys with high dropout rates. They struggle to unify experiences and integrate multiple systems in a standardized manner leading to duplicate efforts.ong capabilities to deliver frictionless and personalized experiences across channels.
Using a unified platform could lead to re-use of applications, journeys, mechanisms etc. across the digital channels leading to faster turnaround time and better manageability of code. Further it will allow creating a 360 degrees view of the customer across the channels giving better control to personalize the experiences. The Portal foundation allows seamless integration and the common services.
Using a unified platform could lead to re-use of applications, journeys, mechanisms etc. across the digital channels leading to faster turnaround time and better manageability of code. Further it will allow creating a 360 degrees view of the customer across the channels giving better control to personalize the experiences. The Portal foundation allows seamless integration and the common services.
Our Solution
The resulting seamless experiences result in optimizing customer conversion rates, and boosting the revenues. Further it enhances cross-selling, personalization and better user engagement across channels.