Are you tired of managing your insurance product on disparate legacy systems?
Here's a holistic digital platform that meets all your sales, brokering & operations needs in one place.
KoverBI is a low-code configurable solution which enables Brokers to plan, administer, build and implement any line of insurance product faster.
Build any-line-of-product faster without coding.
Eliminate the need for accessing multiple systems
Manage all operational processes in a single system
Is KoverBI safe?
KoverBI offer the highest levels of security and privacy, including multi-layered authentication and authorisation, encryption and complete auditability.
Benefits of KoverBI
Speed to Market
Improve Process Efficiency
Easy to use Interfaces
Before & After KoverBI
Inundated with forms from clients &
repetitive data entry
Brokers manually get renewals information, draft e-mails and send it to clients. Broker has to manually renew on due date.
Multiple touch points with Pdfs, Word, Excel, Outlook for document management and communication
Unable to search policy history in real time
Accounts & finance managed separately and requires replicating data manually which is time consuming and error-prone
Clients have to call and e-mail for quote, policy, renewals, endorsement details.
Clients can only have support during office hours
Building a new line of product can take months
Changes to risk questions, ratings, branding takes a long time to testing & implement
Data is stored in an unstructured manner in disparate systems making it very challenging to analyse for decision making or forecasting
Client enters risk information via online form, email documents via online form
Automatic pre-renewals in advance & emailed to clients. Can also be set to renew automatically if policy conditions remain unchanged
All policy related information is consolidated & managed in place
One click for policy history
Generates real-time statement of accounts for receivables, payables, ledger and Trust Account
All information is available through client online portal and all changes and comments are tracked within the policy saving time for brokers
After hours support is available through AI conversational chatbot via chat, voice or phone
Configure an insurance product in weeks and start selling
Changes can be implemented and effected immediately or schedule for specific date & time
Data are stored in a structured, easy to use method for analytics, prediction, informed decision making and identify areas for process improvements and sales potential
Enter client, risk & claims information
Calculate premiums based on the risk information
Edit future dated policy or Endorse active policies
Real-time Reporting and generate Detailed Visualizations
Quote, report, renew, endorse and lodge claims.
Active, pending, search, history, endorse
Automated renewals or alerts if review needed
Accounting & Finance, Trust Account, Process Receipts
Store client quotes
Edit, print, save and email all policy documents; instantly generated
Customised Bordereaux reports based on your Insurer
Improve process, sales & efficiency
All policy related comms remain with the quote/policy
Response and support via AI Chatbot & Natural Language Processing (NLP)
Automate data entry of risk information for faster turn arounds
Before and after assessment for claims
Configure Products, User Access, Authorisations faster
Schedule activities such as upcoming renewals, reminder notices, payments
Read invoice & pdf documents for processing
The right solution at the right time
Hosting & Security
Hosted in cloud, on-prem or a hybrid. All data are encrypted on transmission and rest
AI & Data Analytics
Modelling. Prediction & Analytical Services
Customisable to your business operations
Moduler & Scalable
Modular-built. Choose one or choose all. Scalable based on demand
Integrate with 3rd party systems such as XERO, MYOB, Claims system, rating engine on demand