

Hello Carriers & 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.
KoverUI is a low-code configurable solution which enables carriers, underwriters & 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.
Benefits of KoverUI
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Speed to Market
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Improve Process Efficiency
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Easy to use Interfaces
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Dynamic Reporting
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Cost Effective
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Time Saving
Before & After KoverUI
Usual
With KoverUI
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
Key Features
Broker Portal
Quote, refer, bind, report, renew, endorse and lodge claims.
Assign
Assign between agents for advice or review
Bind
Direct bind by broker depending on product or agent review and bind for referrals
Agent Portal
Underwrite, Lodge & Track Claims, Accounting & On-board new users
Bordereaux
Customised Bordereaux reports based on your Insurer
Quote
Key in risk info and track progress.
pricing
Calculate premiums based on the risk information
Policy
Active, pending, search, history, endorse
Endorse
Edit future dated policy or Endorse active policies
Business Intelligence
Real-time Reporting and generate Detailed Visualizations
Referral
Bind directly or refer it to your agent for decisions
Underwriting
Rate, generate policy documents, premium adjustments, bind, renew & endorse
eDocuments
Edit, print, save and email all policy documents; instantly generated
Renew
Automated renewals or alerts if review needed
Accounting
Accounting & Finance, Trust Account, Process Receipts
Emerging
Business Inteligence
Improve process, sales & efficiency
Instant Messaging
All policy related comms remain with the quote/policy
Document Understanding
Read invoice & pdf documents for processing
Automation
Automate data entry of risk information for faster turn arounds
Fraud Prevention
Fraud detection & prevention at underwriting & claims
AI Chatbot
Response and support via AI Chatbot & Natural Language Processing (NLP)
Task Manager
Schedule activities such as upcoming renewals, reminder notices, payments
Image Processing
Before and after assessment for claims
Product Creator
Configure Products, User Access, Authorisations faster
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
Work Flows
Customisable to your business operations
Moduler & Scalable
Modular-built. Choose one or choose all. Scalable based on demand
Integration
Integrate with 3rd party systems such as XERO, MYOB, Claims system, rating engine on demand