Innovation Group’s policy management services can significantly reduce costs and streamline processes for greater agility and speed to market.
Innovation Group’s services enable insurers to manage the full policy cycle in real time offering potential for significant administrative efficiencies. Built on a Service Oriented Architecture (SOA)-compliant platform that is fully configurable for any language, currency and insurance product, they provide flexibility to launch new products and create broader distribution more rapidly.
Our solution covers a comprehensive range of policy management services including:
- Customer relationship and communication services
- Quotation management
- New business processing
- Policy amendments and renewal cycles
Available as either an outsourced solution or as Software as a Service (SaaS), our services are easy to integrate with existing legacy systems, avoiding issues with data migration.
They are well proven and are currently supporting a variety of insurers – from large scale operations with premiums bases of £10 billion+ down to new entrants and more specialised businesses in the £10 million premium range.