The Digital Era is Transforming Insurance

29%

of consumers

Twenty-nine percent of consumers would consider buying insurance from online providers such as Google or Amazon (Accenture).

3/4

of insurers

Seventy-six percent of insurers agree that their competitive advantage will depend on the strength of their partners and ecosystem (Accenture).

42%

of global insurance growth

The seven largest emerging markets will contribute up to 42 percent of global insurance growth (Swiss Re Institute).

$1+ bln

revenue

Global Insurance Tech market revenue is expected to reach $1,119.8 million USD by 2023, more than double the value in 2018 (Swiss Re Institute).


Addressing Insurers' Key Challenges


Insurance - Key Challenges

Traditional sales channels need digital support

 

Insurance - Key Challenges

Customer journeys across channels lack consistency and are not customer-driven 

 

Insurance - Key Challenges

Disconnected legacy systems and manual processes limit digitalization

 

Insurance - Key Challenges

Lack of unified digital customer data hinders end-to-end service

 

Insurance - Key Challenges

Time to market for new insurance products is slow and expensive 

 

Insurance - Key Challenges

Competition from InsurTechs and BigTech threatens market share

 


Helping Insurers Win in a Digital-first Market

Software Group's solutions enable insurance companies to embrace digital and grow a profitable business in the new digital insurance ecosystem.

Digital Insurance Channels

Omnichannel Customer Centricity

Sell insurance via digital channels, automate claims processing, increase client base and engage customers with seamless onboarding and self-service.

 

End-to-end Value Creation

Implement end-to-end digital insurance cycles, based on a modular, scalable and future-proof platform.

 

Fast Go-to-market

Easily launch new digital products and adopt innovative technologies (IoT, AI). Be a champion in the connected digital ecosystem.

 

Digital Transformation

Modernize legacy systems, go paperless and digital, reducing risk and decreasing operational costs.


Digitalization Solutions for Insurance

End-to-end Digital Insurance Platform

A unified, customer-centric, omnichannel digital insurance platform.

Enables insurers to create compelling digital journeys across channels and ecosystems,
transforming onboarding, sales, underwriting, payments and claims processing.

Modernizes legacy systems via APIs, integrations and reusable microservices to give insurers
the edge and speed they need in the digital era.

Digital Insurance Platform
Digital Insurance Sales

Digital Insurance Sales

Offer a next-gen self-service experience. 
Increase conversion rates and boost customer satisfaction. Reduce onboarding and policy origination costs via automated quote generation.

  • Self-service portal with digital onboarding including the use of e-identification to avoid visiting a branch - on web or any mobile device
  • Chatbots with conversational UX to improve customer interactions at scale
  • Complaints management
  • Alerts and notifications
  • Exceptional customer experience
Insurance - Agent/Broker Management

Agent/ Broker Management

Build and manage high-performing networks of agents and brokers, all from a central place.

  • Agent and broker sales apps - web and mobile
  • Agent and broker sales reports, commissions and performance KPI's
  • Digital customer onboarding, new policy quoting and sales for multiple lines of business via agents/ brokers; renewals
  • Tariff calculator, alerts and notifications
Insurance - Claims

Smart Claims Management

Seamlessly integrated with Revauxy SmartClaiMS, providing end-to-end automation and digitalization of all steps in the workflow and document management process of claims administration for general insurance.

  • 20%+ claim cost reduction
  • Instant payments for fast-track applicable claims
  • Claim administration, automated workflow and document management 
  • Fraud detection and prevention             
  • Claims calculation               
  • Monitoring and control of the workflow with trusted service providers 
  • Reports and analyses

Why Choose Software Group's Digital Insurance Platform?

Insurance - General Insurance Lifecycle

End-to-end digitalization of General Insurance lifecycle

Covers all stages and ecosystem players in the general insurance sales and claims management value chain. 

Insurance - Flexible digital products

Flexible digital products creation

Create customized sales products for multiple lines of business. Easily configure tariffs and workflows. Innovate fast to respond to ever-changing customer needs. 

Insurance - Enterprise Integration Platform

Enterprise Integration Platform

Modernize legacy infrastructure. Connect any core or external system. Capture the value of APIs. Unify customer data across system silos. Reduce TCO and ensure easy system replaceability. 

Insurance - Scalability

Future-proof and ecosystem-ready

Secure your digital roadmap with the platform’s scalability, based on microservices and reusable modules. Easily adopt new tech (IoT, telematics, AI) and generate revenue in the connected digital insurance ecosystem.

Insurance - Security

Security, AML & Fraud Management

Provides industry-standard security with SSL support and end-to end encryption of customer data. System for fraud registration with workflow redirection upon fraud detection built into Revauxy SmartClaiMS.

Insurance - Centralized Management

Centralized Management. Multi-tenant.

Manage all your digital channels from a central administration portal. Define flexible user roles, permissions, tasks. Implement on-premises or in the cloud.

Ready to take your insurance business to the next level?