Key Insurers Challenges

Reaching out to distributors in remote areas

Launching products based on the target customer segment

Communicating in customer’s preferential language

Enabling quick claims settlement with fraud control

Simplifying operational processes with STP

Collecting acceptable documentary evidences & proofs

Key Business Drivers

Creating sustainable and profitable business on standalone basis

Improving customer retention through localized operational support

Enhancing market share by resolving product design issues like simplicity, availability, affordability, accessibility and flexibility

Minimizing fraud propensity by ensuring validation at source

System Overview

“MicroSys has been designed keeping in perspective the micro-insurance business drivers, its unique needs, products and simplified processes,which would enable the insurer to leverage their partners effectively” 

Key Differentiating Features

Simplified Processes:Simplified STP enabled processes with controls and pro-active alerts 

Flexibility:Flexible product configuration for configuring unique individual and group products with minimal customization

Ease of Communication:Multi lingual interface with transliteration engine

Leverage Empowered Partners: System for distributors to manage their day to day business 

Seamless Integration: Remote connectivity through off line data capture and processing 

Sustainable Model:A cost model with flexible payment methods for long term self sustaining business proposition 

Key Business Benefits

Reduced operations cost resulting in improved bottom line

Improved customer retention through target segment specific products,flexible payment methods and effective communication

Improved top line through empowered distributors and target segment specific products across the system

Rationalized opportunity cost by freeing up the capacity for urban business on existing systems