Insurance

Organizational user may generate a Quick Quote (pending risk clearance) or a Quote. While a Quick Quote provides rough estimates on premium and coverage and payment schedules, a Quote generally issued post risk-clearance may have option for multiple premiums, multiple quote versions etc.

Alternatively, a Quote may also be generated from an active policy, such as for renewal, or from any existing policy in the system. Preclearance, policy hold, quick quotes, quick renewals and other options accelerate the quote and policy issuance process.

These Quotes can be routed through the Underwriting Module for clearance and submission to the prospect.

The policy module allows for several key business functions to Retrieve a quote for a new business, Create a policy without a quote, Retrieve a quote for renewal, Renew a policy without a quote, Submit policy to Underwriting Module, Premium calculators to rate a competitive policy, Retrieve / delete suspended policies and Initiate and Issue rapid policy renewals.

A claim is a demand made by the policyholder against an adverse event. When a policyholder reports a loss to the Insurance Company, a new claim is registered in M-Sure. The Claims Management module allows for rapid submission of claims by policyholders, and for rapid workflow driven processing. Alerts and checklists, setup to process the claim, enforce rigorous measures to prevent fraud while rapidly executing genuine claims executed. Rules-based and policy-based automated claims processing can be setup with inbuilt checks, and controls.

Agents and agencies write and issue policies on behalf of your organization. Agency Management module allows for setting up Agencies with Prerequisites & Licensing Requirements, along with handing their commissions. Additional interfacing with agencies can be expedited through established workflow templates.

Helps handle policy related receivables and receipts. Additional features that can be enabled include alerts, receipts, commissions and reporting, as required.

M-Sure provides for a multi-dimensional control of forgery and fraudulent claims. Features include biometrics enabled transactions, online identity, and, multi-parameter data driven validation of users & claims prior to processing. An additional layer of security is provided via our unique Predictive & Corrective Analytics application that is driven by Artificial Intelligence (AI) & Machine Learning (ML) to help prevent fraud.