Tailored Insurance Suit for the Contemporary Insurer
Seamlessly Launch Modern Advanced Products with Infinite’s Solution
overview
Infinite’s suit enables insurers to seamlessly integrate modern advanced products that legacy systems cannot support. Designed for compatibility with existing systems, our Tailored Insurance Suit allows for the rollout of modern advanced products – such as embedded, parametric, on-demand, and bespoke insurance – directly enhancing competitiveness and market responsiveness without the need for extensive changes to legacy infrastructure.
Client Challenge
Evolving Insurance Demands
- Modern Advanced Product Integration
Legacy systems struggle to support the flexible and innovative features of modern advanced insurance products.
- System Compatibility
Significant challenges in adapting existing infrastructures to integrate modern advanced insurance solutions seamlessly.
- Customer Expectations
Traditional systems fail to meet the demand for personalized and dynamic solutions offered by modern advanced products, impacting customer retention.
- Operational Agility
Current systems delay the rapid deployment of modern advanced products, leading to prolonged go-to-market times and increased operational costs.
- Regulatory Compliance
Adapting outdated systems to comply with new regulations while integrating modern advanced products adds complexity.
Client Challenge
Evolving Insurance Demands
- Modern Advanced Product Integration
Legacy systems struggle to support the flexible and innovative features of modern advanced insurance products.
- System Compatibility
Significant challenges in adapting existing infrastructures to integrate modern advanced insurance solutions seamlessly.
- Customer Expectations
Traditional systems fail to meet the demand for personalized and dynamic solutions offered by modern advanced products, impacting customer retention.
- Operational Agility
Current systems delay the rapid deployment of modern advanced products, leading to prolonged go-to-market times and increased operational costs.
- Regulatory Compliance
Adapting outdated systems to comply with new regulations while integrating modern advanced products adds complexity.
Our Offering
The Infinite Tailored Insurance Suit
- Ready-to-market, modern advanced products including Embedded, Parametric, On-Demand and Bespoke Insurance Solutions.
- Streamlined Integration: Real-time Integration with policy, claims, billing, reinsurance, compliance, ensuring updates and BAU processing in the legacy system.
Our Offering
The Infinite Tailored Insurance Suit
- Ready-to-market, modern advanced products including Embedded, Parametric, On-Demand and Bespoke Insurance Solutions.
- Streamlined Integration: Real-time Integration with policy, claims, billing, reinsurance, compliance, ensuring updates and BAU processing in the legacy system.
Integration Solution
Bridging Modern Advanced Products and Legacy Systems
- Current State Analysis
Review all insurance modules – Policy, claims, billing, reinsurance, and compliance – to establish a unified integration approach with Customer base , Reference, Master, Lookup and Policy module.
- Custom Interface Adaptation
Establish placeholder policies in the legacy system, facilitating natively processing of these policies and their associated customer data, ensuring uninterrupted claims, reinsurance, compliance billing operations , daily and monthly closings, while business rules are enforced via Infinite’s Tailored Insurance Suit.
- Bidirectional communication
Enable dynamic data synchronization between the Tailored Insurance Suit and legacy system, ensuring real-time and scheduled batch with Customer base , Reference, Master, Lookup and Policy module.
- Deployment in Stages
First, we harmonize key data between the Tailored Insurance Suit and legacy system and then introduce products one by one, following priority alignment for peak effectiveness.
- Value-Focused Pricing
Prioritizing service over software, we charge for personalized implementation and support, ensuring cost transparency and adaptability for your evolving needs.
- Flexible Access Solutions
Our suite guarantees adaptable, multi-channel access through bespoke software, offering seamless integration for web, mobile, and API interfaces.
Integration Solution
Bridging Modern Advanced Products and Legacy Systems
- Current State Analysis
Review all insurance modules – Policy, claims, billing, reinsurance, and compliance – to establish a unified integration approach with Customer base , Reference, Master, Lookup and Policy module.
- Custom Interface Adaptation
Establish placeholder policies in the legacy system, facilitating natively processing of these policies and their associated customer data, ensuring uninterrupted claims, reinsurance, compliance billing operations , daily and monthly closings, while business rules are enforced via Infinite’s Tailored Insurance Suit.
- Bidirectional communication
Enable dynamic data synchronization between the Tailored Insurance Suit and legacy system, ensuring real-time and scheduled batch with Customer base , Reference, Master, Lookup and Policy module.
- Deployment in Stages
First, we harmonize key data between the Tailored Insurance Suit and legacy system and then introduce products one by one, following priority alignment for peak effectiveness.
- Value-Focused Pricing
Prioritizing service over software, we charge for personalized implementation and support, ensuring cost transparency and adaptability for your evolving needs.
- Flexible Access Solutions
Our suite guarantees adaptable, multi-channel access through bespoke software, offering seamless integration for web, mobile, and API interfaces.
Solution Advantages
Strategic Benefits Unlocked
- Enhanced Agility
Speed up product launches and adapt quickly to market trends.
- Customer Focus
Offer solutions that evolve with policyholder needs.
- Future-Proof
Invest in a platform that grows with your tech landscape.
- Continuous Innovation
Rely on enduring support for market relevance.
Solution Advantages
Strategic Benefits Unlocked
- Enhanced Agility
Speed up product launches and adapt quickly to market trends.
- Customer Focus
Offer solutions that evolve with policyholder needs.
- Future-Proof
Invest in a platform that grows with your tech landscape.
- Continuous Innovation
Rely on enduring support for market relevance.