Implementation of Insurance Solution for Automobiles
The application maps all insurance business process of Motor Insurance and other associated processes. The major functions that are covered in the application are:
- OEM Setup
- Dealer/ Channel Partner Setup
- Insurance Co. and Insurance Product Configuration
- Policy Issuance (fresh and renewals)
- Endorsement
- Claims
- Cancellation and Refunds
- Generation of Statutory Documents
- Business Partner Payout Computations
- MIS Reports
- Integration with Offline policies system
Technology Platform
- Standard Intel Hardware Platform
- Windows 2003/ 2008 and IIS
- Microsoft .Net (3.0)
- ASP. Net, C#, XML
- MS SQL Server 2005
- Crystal Reports 11
- I.E. 7.0
The Benefits
Binary Semantics with its Insurance domain experience and expertise to design & develop high volume transactional application, has delivered a cost effective solution which has given quick ROI to the client and to its business partners with. The client was able to do record transactions using the new application. The application was able to take on the business expansion by adding more upstream partners' i.e., Insurance companies, Downstream partners i.e., Dealers Network with ease and without having any impact on performance. It gave the ability to the client to monitor the sales real time and take better decisions timely. For the end customer (of our client) it provided single service window for all policy related process like issuance of online policy, endorsement, renewal, claim settlement on behalf of Insurance company, which resulted in customer retention and increased customer loyalty.
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