Hello Carriers, MGAs & Underwriting Agencies,
Are you tired of managing your insurance product on disparate legacy systems?
Here's a holistic digital platform that meets all your sales, underwriting & operation needs in one place.
Quote & Bind
Data Modelling
Referral
Integration
Policy
Portals
NO-CODE
Config
Mobile
Apps
Webform
Embedded
API
Rate
e-Documents
Claims
Finance &
Accounting
Reporting
Bordereaux
Endorse
Renewals
KoverUI is a no-code configurable solution which enables carriers, underwriting agencies, MGUs & MGAs to plan, administrate, build and implement any line of insurance product faster.
Why KoverUI?
Build any-line-of-product faster without coding.
Eliminate the need for accessing multiple systems
Manage all operational processes in a single system
Is KoverUI safe?
KoverUI offer the highest levels of security and privacy, including multi-layered authentication and authorisation, encryption and complete auditability.
Omnichannel
Seamlessly connect with brokers and customers via broker portal, mobile app & webform. Financial institutes and 3rd party vendors through embedded APIs
Underwriting & Rating
Configure rating, binding & referral rules for new product or update existing as product evolves.
Build proposal forms & manage all policy related documents in one place
Policy Lifecycle
System maintains all risk information, communication, endorsements, auto & pre-renewals reports
Claims
Lodge & track Claims.
Integrate with 3rd party claims mangers to know of progress as status is updated. Customers save time by submitting claims digitally. Improves customer satisfaction with real-time update.
Accounting & Finance
Know your Trust Account Balance at a glance, record all payables & receivables and all policy related billing as soon as a policy is bound, reconcile receipts, schedule automatic payment reminders & more
Reporting & BI
Generate your standard reports with one click or build ad-hoc/custom reports such as bordereau. Multiple filters that allow customized profile views for business insights and decision making
Inundated with forms from brokers & continuous stream of data entry
Underwriters manually get renewals information, draft e-mails and send it to brokers. Underwriter has to manually renew on due date.
Rating via spreadsheets to calculate premiums
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
Brokers have to call and e-mail for quote, policy, renewals, endorsement details.
Brokers 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
Brokers enter risk information, get premiums, bind, print documents via Broker Portal
Automatic pre-renewals in advance & emailed to brokers. Can also be set to renew automatically if policy conditions remain unchanged
Configurable rating and business rules for premium calculation and referrals
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 broker portal and all changes and comments are tracked within the policy saving time for underwriters
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
