Ensurite
Software for Seamless and Effective Digital Distribution of Insurance
Step into the new era of digital transformation, a seamless paperless experience from start to finish.
What is Ensurite?
Ensurite is a cutting-edge cloud-based Digital Distribution Platform, developed using Microsoft Power Platform to revolutionize Insurance industry, augmenting long-standing distribution models through digitally enabled distribution.
Tailored to meet the dynamic needs of the insurance sector, this state-of-the-art platform offers a comprehensive solution spanning the requirements of life insurance, group life, credit life, and medical insurance.
This state-of-the-art solution facilitates B-2-B and B-2-C Models for:
– Insurance Distributors & Agencies
– Insurance Providers
– Re-Insurers
Key Features of Ensurite
Are you still relying on traditional distribution models for insurance? It is time to revolutionize and modernize with Ensurite. This cutting-edge, cloud-based digital distribution platform designed to meet the dynamic needs of the insurance sector. Offering comprehensive digital insurance solutions for Life Insurance and Group life. Ensurite replaces traditional paper-based processes, optimizes insurance distribution, and streamlines underwriting with its awesome features.
All these features empower insurers, reinsurers, and distributors (such as licensed brokers, banks, and agencies) to achieve digital excellence.
- Audit: Audit every activity and data change event occurring in the system.
- Security: Roles-based access management with field-level security.
- Policies: Convert applications to policies with custom back-end integration.
- Multi-Lingual: Support for multiple languages throughout the application.
- Application: Manage complete application lifecycle from Agency to Customer and insurance perspective.
- Workflow Engine: Configurable workflow and rules engines to enable application flow through multiple stages.
- Product Configurator: Configure products to be made available to Agents with defined\configurable rules.
- Question Configurator: Configure questions to be applicable \ available \ mandated dynamically for each product.
- STP (Straight Through Processing): Rules to allow approval of applications automatically through logic-driven automated check.
- OTC Product: Pre-underwritten Off-the-shelf products that customers can apply-for directly.
- Customer Portal: Portal for end-customers to apply, submit, approve and view applications.
- Video Calling: In-built video calling feature for multiple contact-less online usage scenarios like Underwriting, Primary Consulting, etc.
- Online & Offline Payment: Integrate with payment gateway to facilitate online payment and processing of offline payments
- Client Management: Manage end-customers comprehensively with discrete record level ownership.
- Activity Management: 360⁰ view into all customer related activities like email, video call, SMS, etc.
- Document Management: Collect and manage various types of documents securely and systematically.
- Template Management: Generate documents and emails in desired format.
- Partner Management (Vendor): Manage Agencies, Partners and Agents.
Platform Highlights
Paperless Digital Journey
Transition to a fully digital insurance solution, eliminating the need for traditional paper-based methods and enhancing operational efficiency.
Fast Deployment
Quickly implement our digital insurance solutions with minimal downtime at new distribution channels, ensuring a seamless transition and rapid time-to-market.
Cloud Powered Efficiency
Benefit from the power of the cloud for superior performance, reliability, and unmatched scalability, ensuring smooth operations, real-time collaboration, and instant data access.
Configurable & Customizable
Our software solution is designed to be both scalable and flexible, offering the ability to configure workflows, rules, and product offerings, without coding. Moreover, it can be tailored to integrate new features, and user interfaces, for long-term alignment with business goals.
Enhanced Compliance Management
Maintain adherence to insurance industry regulations effortlessly, reducing risks and ensuring regulatory compliance with state-of-the-art tools.
Extendable
To accommodate evolving needs Ensurite has been designed to be the future proof allowing its users to seamlessly integrate with third-party systems, add or develop new functionalities and other cutting-edge solutions.
Configurable & Customizable
Our software solution is designed to be both scalable and flexible, offering the ability to configure workflows, rules, and product offerings, without coding. Moreover, it can be tailored to integrate new features, and user interfaces, for long-term alignment with business goals.
Enhanced Compliance Management
Maintain adherence to insurance industry regulations effortlessly, reducing risks and ensuring regulatory compliance with state-of-the-art tools.
Extendable
To accommodate evolving needs Ensurite has been designed to be the future proof allowing its users to seamlessly integrate with third-party systems, add or develop new functionalities and other cutting-edge solutions.
Who is it for?
Insurers
Are insurance regulation compliances, changing customer needs, mis-selling, security threats impacting your profitability, growth, sustainability, relevance, and overall performance? Our insurance distribution platform can help you overcome these challenges and achieve excellence.
Re-Insurers
Make better informed risk decision with Ensurite that simplifies the process of obtaining and verifying customer data, mitigate risks effectively and capitalize emerging opportunities in the global insurance market while bringing insurer and digital distributers to the platform as per the requirement of reinsurers.
Insurance Distributors
Whether you’re an insurance broker, an insurance agent or a bank, our platform offers tools to empower, support and streamline all your life insurance deals.
Who is it for?
Insurers
Are insurance regulation compliances, changing customer needs, mis-selling, security threats impacting your profitability, growth, sustainability, relevance, and overall performance? Our insurance distribution platform can help you overcome these challenges and achieve excellence.
Re-Insurers
Make better informed risk decision with Ensurite that simplifies the process of obtaining and verifying customer data, mitigate risks effectively and capitalize emerging opportunities in the global insurance market while bringing insurer and digital distributers to the platform as per the requirement of reinsurers.
Insurance Distributors
Whether you’re an insurance broker, an insurance agent or a bank, our platform offers tools to empower, support and streamline all your life insurance deals.
Why Choose Ensurite?
The Digital Distribution of Insurance Software
Complete Lifecycle Management
End-to-end application handling for streamlined processes.
Multi-Language Support
Global reach with multiple language options.
360⁰ Customer Activity View
Track customer activity at anytime from anywhere.
Comprehensive Audit Trail
Full activity and data auditing for accountability and transparency.
Robust Security
Role-based access and field-level protection to ensure data security.
In-Built Video Calling
Secure online consultations and underwriting for customer verification.
Seamless Application-to-Policy Conversion
Integrate policies once and you’re good to go.
Automated STP Approval
Logic-driven application processing for faster approvals.
Integrated Payment Option
Support for both online and offline payments for convenience.
Tailored workflow automation
Enhance efficiency by the configurable workflow engine.
In-Built Video Calling
Secure online consultations and underwriting for customer verification.
Seamless Application-to-Policy Conversion
Integrate policies once and you’re good to go.
Automated STP Approval
Logic-driven application processing for faster approvals.
Integrated Payment Option
Support for both online and offline payments for convenience.
Tailored workflow automation
Enhance efficiency by the configurable workflow engine.
Digital Transformation Journey of a Takaful Provider in UAE
Primary Stakeholder Insurance Distributor in UAE
Challenges
Marketing a wide range of individual and corporate life and health Takaful products was greatly impacting turnaround time (TAT), which has also caused the need for an innovative strategy for life insurance distribution for paperless and contactless distribution. With this, the idea was to introduce the Auto Underwriting decision thereby reducing the underwriter’s decision-making in most of the decision-making.
Digitalizing Insurance Solutions in the UAE
How Ensurite Supported
- Multi-Language Support: Provided comprehensive support for the Arabic language, ensuring compliance with UAE regulations.
- Quick Implementation: Transformed the on-paper process into a paperless digital solution in less than two months.
- Integrated Payment Option: Enabled both offline and online payment gateways for enhanced convenience.
- Product Configuration: Facilitated a seamless digital journey for individual and corporate life and health products.
- Customization: Developed dedicated apps for agents, insurers and customers for further convenience.
Outcome
These enhancements led to modernized operations, an efficient application quote policy (AQP) process, improved compliance, and superior customer service.
CloseEmpowering by Digitizing a Growing Insurance Provider in the US
Primary Stakeholder Insurance brokerage headquartered in California, US
Challenges
As the insurance company grew from 30 to over 100 employees, the need for modernization became essential. They required a cutting-edge digital distribution platform to manage agents, insurance carriers, and products, ensuring seamless application-quote-policy (AQP) processes. Additionally, they needed to streamline data from lead generation to backend insurance carriers and develop comprehensive underwriting and quality process controls.
Digitalizing Insurance Solutions in UAE
How Ensurite Supported
- Unified Solution: Supported multiple stakeholders and various products (life, accident, dental, etc.) from different carriers.
- Complete Automation: Enabled the end-to-end automation of the application-quote-policy process.
- Flexible Workflow: Provided a customizable workflow solution with comprehensive data auditing.
- System Integration: Integrated with multiple backend insurance carrier systems and payment gateways.
- Templated Document Generation: Created documents as per the requirements of different carriers and various US state laws.
- Digital Signature Solution: Implemented digital signature capabilities for end customers.
Outcome
Ensurite’s solutions modernized the brokerage’s operations, resulting in a streamlined AQP process, improved compliance, and enhanced customer service.
CloseFrequently Asked Questions
Ensurite is a cloud-based digital insurance platform designed for the insurance industry, spanning life insurance and group life. This insurance software platform replaces traditional paper-based processes, ensures strict compliance standards, minimizes mis-selling, and reduces risks and costs associated with underwriting by automating processes and facilitating the digital distribution of insurance products.
Insurtech (aka InsureTech) is a term used to refer to technology solutions that cater to the specific needs and processes involved in the insurance industry. Due to the vast range of aspects involved in the insurance domain, the spectrum of Insurtech is quite broad.
While referring to Ensurite as an Insurtech Solution may not be technically incorrect to consider, however, such a classification may prove misleading. As Ensurite, is a cloud-based and cutting-edge digital distribution platform, that is designed to empower insurance distributors (such as licensed brokers, banks and agents), insurers, and reinsurers. By optimizing distribution processes and adhering to compliance standards, Ensurite sets a new standard for digital excellence, revolutionizing the insurance industry.
Ensurite, a Software as a Service (SAAS) solution, is revolutionizing the insurance industry by empowering insurers, reinsurers, and insurance distributors or other distribution partners to achieve digital excellence. It helps these entities achieve digital excellence by optimizing their distribution and underwriting processes.
Ensurite replaces traditional paper-based processes with digital solutions that optimize distribution, streamline underwriting, ensure compliance, and empower stakeholders to achieve digital excellence.
Ensurite ensures compliance by offering great features such as multi-language support, configurable workflows, comprehensive audit trails, and role-based access control.
Ensurite reduces underwriting risks and costs by automating processes, integrating with backend systems, and providing tools for data analysis and decision-making.
Yes, Ensurite is compatible with other software systems and can integrate seamlessly with backend insurance carrier systems, payment gateways, and other relevant platforms.
The implementation time and cost of Ensurite depend on the specific requirements of the organization. Generally, implementation can be completed within a reasonable timeframe, and the cost varies based on the scope of the project.
Ensurite offers comprehensive support for users, including training, technical assistance, and ongoing maintenance and updates.
Yes, Ensurite can be customized to fit the specific needs of each organization. Our insurance platform is flexible and adaptable, allowing for tailored insurance solutions that meet unique requirements.
Ensurite prioritizes data privacy and security by adhering to strict data protection regulations and employ robust security measures to safeguard sensitive information.
Ensurite is designed with data privacy in mind, complying with relevant data protection regulations. Your data is securely stored and managed, with strict access controls in place to ensure that only authorized personnel can access sensitive information.
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