Insurance specialists need to take decisions faster than ever.
Serving this sector with the best solutions is of paramount importance to our company.
Changing Insurance Applications Landscape
iol is a pioneer in the field of providing custom software development services to insurance providers for their business needs. Our team of experts have years of experience in developing solutions for the betterment of the mankind. Serving this sector with the best solutions is of paramount importance to our company.
Our solutions cover the following areas:
Insurance Brokers
Insurance specialists need to take decisions faster than ever. Customized Insurance software for Insurance Brokers/Agents designed by professionals to ensure streamlined workflow at reduced costs.
Centralized document management intuitive dashboard, client profile administration, policy organization enables complete interactions with design and development.
Flexibility across the full insurance life-cycle from quote submission through claims administration and policy management with our end-to-end highly configurable solutions for Insurance Brokers/Agents.
Insurance Agencies
Manage policy and client information on your fingertips with comprehensive custom advanced insurance software for Insurance agencies developed by experienced team considering advanced technology you require tomorrow.
Optimize the profitability and productivity by availing some of the insurance agency specific features such as access of business form anywhere, generate instant quotes, ease of managing policy, process endorsement and renewals, review reports & invoices, strategic commission structures, intuitive dashboard to have synchronized process and much more.
Insurance Companies
Stay ahead with the increasing competition and meet growing customer expectations, you need accurate, real-time insurance system to help you make better business decisions.
iol develops powerful, customized and complete solutions for insurance companies to help design roles, products and process replicate improved efficiency and get a better opportunity to expand new market.
Our extensive knowledge and technical expertise into different insurance domain, life insurance, health insurance, etc. allow us to offer cutting edge insurance solution across the globe.
We not only build products, we work with our clients to provide them expert consulting services and tell them the need of the future! At the same time, we are completely driven by the objective of helping insurance institutions in achieving cost-efficiency and scalability.
The Insurance industry has been witnessing revolution for long. From traditional pen and paper based processes to automated systems like computers and now mobile and cloud, the change has been perennial to this sector. Be it brokerage houses, loan institutions, non-banks, credit unions or any other category of financial institution, all have gone through a wave of radical transformation. As organizations continue to tread upon the path of changing customer needs, evolving product requirements, changing regulatory landscape, ever growing competitors and rapid advancement of technology, Insurance organizations need to have best of breed technology solutions to adapt to the changing market dynamics.
As insurance organizations witness huge opportunities, they are leveraging technology to quickly take advantage and scale, while being profitable. This has led to the adoption of advanced tools and technology available in the market and helped institutions to provide fast, responsive service to their clients while offering more services, more communication and more value in less time.
Advantages of Insurance Technology
- Faster Quote Generation
- Reduced complexity and cost
- Simplified Agency / Agent Management
- Streamlined policy administration
- Increased time to market
- Faster and reliable data analysis
- Simplified Claims Management
- Enhanced user experience
- Improved business decision
Tailored Insurance Application
With clear focus on the core aspects of policy/product management, process automation and workflow optimization, iol evolves customized insurance applications that simplify versatile functions of an Insurance enterprise. Our experts delivering an advanced solutions for different insurance segments such as life Insurance, Automobile Insurance, Health Care Insurance, etc. addressing a specific business need. The key components of our Insurance software are:
- Claim & Quote Modules
- Content Management
- Business Intelligence
- Policy organization
- Insurance Administration
- Document Managing System
- Report Generation
- Accounting & Automation Module
- Audit & monitoring tool
Seamless System Integration
iol leverages 16 years industry experience in business application technologies to enhance operational proficiency, become more effective, and extend flexibility across industries and business process by offering end-to-end application integration. Seamlessly operate your organization process by integrating the primary applications, enabling the real time information exchange. Our solution experts integrates wide range of customer-oriented systems that synchronize entire procedure using essential modules and plug-ins to facilitate Insurance organizations to expand their client reach with streamlined workflow.
Modernizing Legacy Insurance systems
iol incorporates pre-built and tailored components to extend the capabilities of existing insurance legacy applications ensuring smooth data migration. We offer insurance application modernization service to modernize legacy systems, enabling enhanced flexibility, reduce disruption, mitigate risk and reduced costs. Get one stop solution for all the issues of legacy insurance system such as various technology platforms, high cost of maintenance, obsolete systems, retiring employee knowledge, lack of web and integration capabilities. Our experts help you to optimize and modernize your legacy insurance systems in main functional areas, including:
- Instant Quote Generation
- Online submission of application
- Process automation of documents
- Policy purchase modules
- Policy Renewal automation
- Distribution Compensation modules
One stop solution to automate full insurance lifecycle
Increase customer loyalty
and retention through consistent customer experience across multiple channels
Realize
sensible risk management, regulatory compliance and balanced investments
Get more time to market
innovative products while streamlining core insurance operations
Experience a noticeable reduction
for loss-adjustment expenses with an integrated claims process
Increase business capacity
with instant quote generation and comparing functionality
Improves productivity
of your employees as being a collaborative platform for all stakeholders
Gain competitive advantage
as a high-tech and advanced insurance provider compared to competition
Have better capacity
to monitor compliance with insurance industry regulations