Overview

The SME Commercial Combined Quote and Buy accelerator helps brokers conveniently handle the quotation process and create policies for eligible SMEs. During the journey, a customer record, a quote, and a policy (with attached broker collection payment details) are created.

Insurers willing to leverage their broker networks can use the solution right away, as opposed to starting a broker distribution operation from scratch. Brokers willing to do more with less have a browser-optimised quote and buy journey at their disposal, which performs on top of automation processors that deal with rating, pricing, and generating proposals. SME customers seeking insurance for their enterprise, are offered the right insurance cover based on their Demands and Needs Test (DNT) at the right price. View the flow of the SME Commercial Combined Quote and Buy journey below:

The solution integrates with different components, as follows:

• Insurance Product Factory - for product management.

• Business Formulas - for rating and pricing calculations.

• Proposal Configurator - for DNT processing and generating insurance proposals.

• Core Policy Admin - for generating insurance policies.

• Digital Documents Processor - for generating personalized documents.

• Core Insurance Master - for managing the behavior of major flows.