“Newgen’s deep-domain banking solutions have increased our policy sales through efficient cross-selling strategies. The seamless integration with our core systems has led to lower processing time, and more personalized experience for customers.”
Executive VP, Retail Insurance, Leading Bank
Learn what Newgen’s Bancassurance Solution can do for you
Unified Platform
Eliminate the need for switching between various applications and systems of different insurance partners. Automate insurance sales, service, and self-service activities. Generate multiple quotes and submit applications and service requests through the single, integrated system.
Personalized Recommendation
Effortlessly assimilate all customer data, understand the requirements (term, motor, property, child’s future, travel, medical, personal, and accident). Using AI capabilities, Relationship Managers (RM) can recommend the most desirable policies to their customers.
Comprehensive Servicing
Seamlessly integrate with the back-end of insurance companies to provide a single-point servicing experience. RMs can analyze patterns and cross-sell/upsell products from the interaction. Banks can access all communication and customer insurance portfolio on a single platform.
Reconciliation Module
Ensure seamless financial alignment with insurance companies by automating the tracking of premiums, commissions, and payments. The solution guarantees transparency and accuracy by identifying discrepancies, reducing manual errors, and ensuring compliance with regulatory standards along with audit-ready reports.
Brands using Newgen Platform
Key Benefits
- 35% Increase in Policy Sales with enhanced collaboration, accelerated processing, and reduced errors in data exchange.
- 50% Reduction in Manual Processes with automated policy issuance, customer onboarding, and claim management.
- 40% Faster Processing and improved customer experience through seamless integration with core banking systems.
- 30% Increase in Customer Retention with a central hub for evaluating the effectiveness of contests, promotional campaigns, etc.
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