Your agents can request a quote online and create an application that is recorded within the system. BIS can perform some application eligibility tasks according to business rules, and BIS can tell operators who collect information which information is missing for collection, speeding up low added value tasks to complete the applications. Operators or Tiga can send a request to quote to the appropriate underwriters desk, according to your business rules. The co isnurers and reinsurers you are usually working with can access their online account to propose a quote and to visualise and download whatever necessary iinformation to quote. BIS comes with standard pre-configured business rules such as verification of covers requested against available covers, limit per risk, limit per underwriter, client exposure cumulation, that allow to control the risks while ensuring higher hit ratio, no mistakes and no loss of time.
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BIS is the personalized desk of the commercial underwriter. The desk automates some part of the underwriting tasks before issuing an NBI :
- Eligibility
- Account status
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Claim status
- Channel source review
- Risk analysis
The desk is a great tool as an electronic work place :
- NBI to review/approve from team members and business partners,
- NBI to quote,
- Reminders and alerts on NBI (capacity pending, NBI issued, expiration date...),
- Re-assignment to another member
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BIS allows middle office operators to create new policies from source NBI without loosing time and without retyping. Operators and/or underwriters according to their rights can modify, suspend, cancel, endorse or renew policies.
BIS provides a complete history of movements and make this information available to your front, middle and back office, managing consistently the information accross departments.
BIS can be seamlessly integrated into your directories, existing accounting systems. You do not need to change your existing systems but rather capitalize on them.
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