Tailored Insurance Suit for the Contemporary Insurer
Seamlessly Launch Modern Advanced Products with Infinite’s Solution
overview
Infinite’s tailored insurance suit enables insurers to seamlessly integrate advanced, modern insurance products that traditional legacy systems struggle to support. Designed for compatibility with existing infrastructure, our solution facilitates the launch of innovative products – such as embedded, parametric, on-demand, and bespoke insurance – without the need for extensive changes to legacy infrastructure. This allows insurers to enhance competitiveness and respond swiftly to market demands.
Client Challenge
Evolving Insurance Demands
- Modern Advanced Product Integration
Legacy systems lack the flexibility to support the dynamic features of today’s advanced insurance products. Legacy systems lack the flexibility to support the dynamic features of today’s advanced insurance products.
- System Compatibility
Existing infrastructures pose significant challenges when integrating new, modern insurance offerings.
- Customer Expectations
Traditional systems fall short in delivering personalized and dynamic solutions leading to decreased customer satisfaction and retention.
- Operational Agility
Current systems hinder rapid deployment of new products, thereby increasing time-to-market and operational costs.
- Regulatory Compliance
Adapting outdated systems to comply with new regulations while integrating modern advanced products adds complexity and risk.
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Adapting outdated systems to comply with new regulations while integrating modern advanced products adds complexity.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-launch, embedded, parametric, on-demand and bespoke insurance products.
- Streamlined Integration: Real-time Integration across 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
We review all insurance modules – including policy, claims, billing, reinsurance, and compliance – to create a unified integration strategy across core systems like customer base , reference, master data, lookup and policy modules.
- Custom Interface Adaptation
We establish placeholder policies in the legacy system to enable native processing of modern insurance products and associated data. This ensures uninterrupted claims, reinsurance, compliance billing operations, daily and monthly closings, while Infinite’s personalized insurance suit enforces business rules.
- 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
We begin by harmonizing key data between the Tailored Insurance Suit and legacy systems then roll out products in priority order to maximize strategic impact.
- Value-Focused Pricing
Our pricing is based on personalized implementation and support, emphasizing service over software to provide 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
Accelerate product launches and adapt quickly to market trends.
- Customer Focus
Deliver personalized solutions that evolve with the expectations of policyholders.
- Future-Proof
Invest in a scalable 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.