Group insurance – a growth business
In an ever-evolving landscape of insurance demands, staying ahead requires not just innovation but a relentless commitment to refinement. Today, more than ever, insurance companies need agile solutions to meet the dynamic needs of their clients. In our commitment to stay at the forefront of the industry – which is why we continually invest in research and development to refine our offerings – we have actively worked on updating and enriching our automated, flexible and modular insurance policy platform Evitec Solutions Life (ES Life).
Now, with a spotlight on group risk, we are thrilled to introduce a suite of new features aimed at empowering insurance companies to better serve their clients.
Seamless integration
One of the key highlights of our latest update is the seamless integration of group risk functionalities into ES Life. This enhancement allows users to effortlessly manage life insurance contracts, individual policies, and diverse group structures within a unified and intuitive platform. Gone are the days of juggling multiple systems and interfaces. This integration increases the efficiency and cost savings by enabling efficient handling of claims, streamlined administration, and enhanced customer service, ultimately leading to improved client satisfaction and loyalty.
Efficient claims handling
In the domain of risk life insurance, efficient claims processing is vital. With ES Life, we have streamlined this process by enabling the management of lump-sum, daily allowance and cost based claims, as well as the reimbursement of medical insurance costs, all within the same system. This integration translates to faster, more efficient claims processing, ultimately benefiting both insurers and policyholders alike.
Group policy structure and functionalities
A cornerstone of our latest update lies in the robust group policy structure and functionalities offered by ES Life. From defining group insurance policies, subgroup specific behavior, group member management and collectivity rules to manage the complexity of small and large group insurances, our platform empowers insurers with unparalleled flexibility and control. Whether it’s adjusting sum insured limits or modifying cover attributes, ES Life puts the power in your hands.
Comprehensive product management
Central to our approach is the comprehensive product management capabilities offered by ES Life. From defining insurance products to mapping risk covers to group policies, our platform provides insurers with the means to adapt their offerings to meet the unique needs of their clients. With support for insurance product variation and sales channel-specific requirements, ES Life empowers insurers to stay agile in a competitive marketplace.
Group policy management made easy
Managing group policies and members has never been easier thanks to ES Life. From policy creation to adding, modifying, or removing groups and members, our platform offers intuitive capabilities to streamline every step of the process. With support for REST service interfaces and mass imports, insurers can efficiently manage their group policies and adapt to changing client needs with ease.
Efficient invoicing and policy printouts
Rounding out our offering are efficient invoicing capabilities and policy printouts, ensuring insurers have all the capability they need to communicate effectively with clients and stakeholders. With support for various invoicing methods and detailed policy printouts, ES Life simplifies administrative tasks and enhances transparency across the board.
Unlock the power of Evitec Solutions Life
In today’s fast-paced insurance landscape, staying ahead requires more than just keeping up – it requires innovation, agility, and a commitment to excellence. With ES Life, insurers can unlock the efficiency and innovation needed to thrive in a competitive marketplace. Join us in shaping the future of insurance – one policy at a time.
