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Newgen offers automation of the Bancassurance process using its scalable, platform independent BPM suite.

From basic automation of the payment verifications, the solution can smoothly handle multiple levels of approvals required. The automation helps achieve transparency and enhanced accountability. Once processed, all the Bancassurance documents can be archived for future reference.

In the Insurance industry, companies are always looking for innovative ways to gain a competitive edge. It's an environment that challenges companies to secure, manage, and analyze customer information, make better decisions faster, and communicate to customers with greater speed and accuracy.
 
Most importantly, Insurance companies must control costs in order to stay competitive. They need to achieve greater efficiencies in managing the vast amount of information that runs their businesses. At the same time, customer service representatives as well as customers themselves require timely access to information on-the-go in order to meet their ever-changing needs.

To strengthen their market position, Insurance companies must focus on streamlining operations, reducing costs, and correcting technological deficiencies while maximizing the value of existing systems and information.

Newgen provides integrated applications for claims processing, new policy issuance, policy owner servicing, agents commission management and customer query resolution. Our Solutions allow easy access to all customer and policy information, and combine workflows with a scalable collaborative knowledge management environment.

Newgen offers Process Automation Solutions across the following Lines-Of-Business (LOBs)

  • Medical
    Customer Service
    Enrollment
    Membership Services
    Medical Claims
    Renewal of policies & related actions
    Handling Cross Promotional Products
  • Motor
    Renewal of policies & related actions
    New Business & Underwriting
    Auto Response to Queries & Deficiencies in Proposals
    Customer Query Resolution
    Fraud Tracking & Monitoring
    Motor claims
  • Life Insurance
    New Business & Underwriting
    Claims
    Auto Response to Queries & Deficiencies
    Fraud Tracking & Monitoring
  • Personal Accident
    New Policy Issuance & Underwriting
    Claims
    Fraud Management & Tracking
  • Marine Cargo
    New Policy Issuance & Underwriting
    Reinsurance Services
    Claims
    Documents Management for Customs
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