Overview
Pet Insurance Quote & Buy solution accelerates the deployment of a fully digital quote and buy journey for customers seeking to get insurance for their pets - cats and dogs, from their phone.
This solution integrates with different Northstar components, while focusing on the Pet Insurance niche. Insurers can use the solution right away, as opposed to starting a Pet Insurance Quote & Buy delivery business operation from scratch. More details about the available customizations can be found in the Product Configurations and Solution Configurations pages.
The cornerstone feature of the Pet Insurance Quote & Buy solution is the Mobile Journey which has the following properties: end-to-end digital experience, fully automated, self-service, white-labelled, created around the needs of pet owners. For more details, start from the Journey Walkthrough page.
In a nutshell, the Pet Insurance Quote & Buy accelerator package includes:
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An adjustable demo insurance product configured for the Pet Insurance business vertical, containing 15 coverages and 3 levels of cover - Bronze, Silver, and Gold.
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An adjustable collection of formulas and data sets for running rating and pricing calculations.
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A mobile-ready journey that enables pet owners to get insurance for their pets - cats or dogs, (if eligible). The journey helps the broker to conveniently handle the quotation process and establish policies for the eligible SMEs. During the journey, a customer record, a quote, and a policy - with attached card or direct debit payment details are created.
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A digital frontend configured for unauthenticated mobile users.
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A user interface kit comprised of 17 screens that can be used as a template to further customize the journey's look, in accordance with the insurer's branding needs.
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A Pet Insurance data model, extended from the Northstar Insurance Common Data Model.
Integrations
The solution integrates with different Northstar components, as follows:
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Insurance Product Factory - for product management.
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Business Formulas - for rating and pricing calculations.
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Computer Vision - for data collection and validation.
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Proposal Configurator - for DNT processing and generating insurance proposals.
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Core Policy Admin - for generating insurance policies.
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Digital Documents Processor - for generating personalized documents.
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Core Insurance Master - for managing the behavior of major flows.
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Ideal Postcode Connector
Pet Insurance Quote & Buy Key Features
The solution has the following key features and benefits:
- Automatic quote and buy journey;
- Automatic rating for pets;
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Automatic premium pricing, for the qualifying customers;
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Automatic creation of personalized insurance documents;
- Registering and storing personal and contract details.
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Speeds up the deployment of digital products for the Pet Insurance niche;
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It can be further enhanced by using FintechOS Studio to fit new requirements;