They will thank you for it by spending more over a longer period

Today, you can insure your car by the hour. You can even reduce health premiums by using wearable sensor technology to proactively monitor health, and reduce insurance liability.

As you know, your customers want insurance products and services that are personal to them. But creating personalised and differentiated offers can only be achieved with a 360-degree view of the relationship between your customers and your products.

And of course, it helps if you can create and access this information from existing systems without having to make infrastructure changes.

For one multi-billion Euro insurer, we gave them the ability to create new, customer-centric products and services by improving how they managed policies, securities, distributor and customer information. All from within the same solution.

By simplifying the process of how insurance offers are created, bundled, distributed and verified for compliance, despite having multiple lines of business, they can now build new, timely and more customer centric and competitive offers.

Our insurance solution is STEP. A single technology that integrates product, distributor, location and customer data into a single place.

With STEP you can:

  • Develop new, more competitive, customer-centric products and services
  • Support automated underwriting initiatives
  • Ensure your distribution network is up to speed on the latest offerings
  • Explore complex party relationships to identify new business opportunities and find beneficiaries
  • Support regulatory compliance for GDPR
  • Ensure self and digital service channels have accurate and coherent information
  • Support multi-channel
  • Develop more insight into your customer relationships with a 360-degree customer view
  • Automate the production of product and regulatory documentation
  • Reduce risk by improving identification of related parties and market facts

As you know, traditional ways of providing insurance have evolved from annual policies to products that happen without service boundaries. Your customers want transactions of value, and we can help you achieve this, inside your existing infrastructure.

Would you like to find out more?

Download our insurance solution at a glance brochure

Solution brief

Gain a 360-degree view of your insurance customers

How to provide your customers with tailored and highly personal insurance products.

Webinar

Data agility and its disruptive impact on the future of insurance

Discover how you can place your customers at the heart of everything you do.

Blog

The Rise of Insurtech and Digital Disruption

Read more about the benefits of providing insurance products built for each customer.

Whitepaper

Free whitepaper on the new EU General Data Protection Regulation

Find out how you will be impacted by GDPR, the changes that are coming and what you can do.

Blog

GDPR – Opportunity or burden?

Does the upcoming GDPR changes represent an opportunity or a burden – find out which here.

Blog

GDPR and the insurance industry – 9 months to go, are you ready?

Do you know how the customer data you generate is stored and managed? If you don’t, time is running out.