Insurance
The insurance industry grapples with a myriad of challenges, from managing vast amounts of data to navigating regulatory shifts and mitigating risks. These mounting pressures often demand a reevaluation of business models. MindCraft helps you re-invent your business model by adopting the right technology suitable for your business needs. Our comprehensive range of services is designed to streamline this transformation process.
MindCraft’s suite of insurance solutions is meticulously crafted to address the intricate reporting and analytics needs of the industry. Our solutions empower organizations to seamlessly convert raw data into actionable insights, facilitating informed decision- making. From catering to the diverse reporting requirements of internal and external stakeholders, including sales channels, operations teams, and third-party agents, to leveraging sophisticated dashboards fueled by a comprehensive Insurance Logical Data Model, we ensure that every facet of your business is equipped to thrive in today’s dynamic landscape.
Insurance Solutions
Explore our smart insurance solutions that can help you enhance business operations and improve efficiency:
Process automation for new account opening, including processes like initiation, data entry, document verification, de-duplication etc.
Automated process for managing & tracking claims right from claim intimation to adjudication/processing, approval and finally to settlement/payout.
Insurance Services
Explore our range of customized services that will help you achieve your business objectives:
Interactive dashboards covering different KPIs used by the Insurance industry. Provides accurate MIS on daily / monthly / quarterly / yearly basis.
Enterprise-wide business risk assessment dashboard for key risk metrics. Captures risks across business functions, geographies, channels, time-periods & products
System that provides front line sales managers with a structured and clear career path using online goal sheets.
Lead management system covering the entire life cycle of a lead concluding in either conversion, dropped or lost statuses.
Tool to generate benefit illustrations for end customers prior to buying an insurance policy.
A solution that enables verifying and mapping customer signature on a policy servicing request with the signature on the application form.
Centralized enterprise data store for all upstream and downstream data integrations.
Development of portal that caters to Customers, Advisors, Employees and third- party distributors providing access to oversee transactions to mitigate risk.
Implementation of scalable and secure callable interfaces to core systems, where disparate services are assembled in a single catalog.
Implementation of SOA from a simple ESB-based service gateway to a complex event-driven or changelog driven integration.
Implementation of workflow and process automation solutions in various functions like new business, payments, and customer service.
Configurable data entry forms for various products with split screen & zoning facilities.
Back-to-back SLAs for management of systems software that spans across multiple middleware and database stacks.
