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| FlexRule proved that it could not only meet our current requirements, but as we dug deeper into the technology FlexRule’s broad capability ensures we are covered for our future regulatory and other market-specific requirements, even when we don’t know what they are yet! | ||
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| Jedidja Bourgeois Development Director, Trōv | ||
Development Director, Trōv
Make Explainable, Transparent Business Decisions at the Pace of Business
Underwriting
Automating underwriting decisions enable organizations to; (a) ask the right questions at the right time, (b) identify accurate risk factors, (c) enable straight-through processing by applying automated underwriting business rules.
Customer Experience
Improve customer experience by; (a) ensuring all required forms and documents are requested at the right time without multiple roundtrips (b) provide the right information and offering at the right time to the right customer on the right channel (c) ensuring consistency of results in quote requests, pricing, discount and underwriting across all channels.
Discount
Define, model, and execute consistent discount strategy across all channels based on different criteria such as risks, customer loyalty, vulnerable citizen scheme, channels, etc. without any need for changes in application code.
Data Integration and Transformation
Streamline the transformation and integration of data and systems to ensure the right data is collected, aggregated, and is accessible to the processes and applications for claims, reports, audits, and other processes.
Compliance and Audit
Ensuring underwriting, pricing, and rating business rules are followed in all cases. Get a clear explainability and traceability of decisions' outcomes that ensure transparency for the regulators.
Pricing & Rating
Ensure the correctness of pricing algorithms with respect to a profitable balance between risk and acceptance rate. Model, test, and deploy pricing algorithms without changing application code and relying on IT.
Policy Renewal
Automate steps of the process, eliminate manual tasks, and ensure pricing, discount, and underwriting rules are accurately and fully applied on the case at any stage.
Lead the Digital Transformation for Insurance Business with Decision-Centric Approach®
How end-to-end decision automation combined with Decision-Centric Approach® pushes insurers to evolve.
- Learn how to drive digital transformation initiatives and maximize ROI effectively and efficiently
- Discover how insurance companies can make optimized, customer-centric, and situation-aware decisions
- Know how insurance companies can streamline operational decisions and deliver highly personalized Customer experience
Insurance Business Runs on Business Rules.
Reduce the business rules development time, creation and modification by 60%.
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