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)