Broker Portal for New Product Launch

Challenges.

Our client was losing out on market capture in Marine Line business in London due to the absence of any online platform. This was because their existing business was running with discrete underwriting system built on legacy technology which had become conglomerate of old platform and technology. Due to this there was lot of manual intervention both at broker and underwriter level which was impacting the overall efficiency of operations. This not only impacted their competitiveness in the market but also brought significant complexity and cost to the organisation. Due to all these challenges the business was not able to deliver new products rapidly, cross-sell and scale up their existing business.

Objective

• A unified 360-degree broker view for Marine line of business.
• Improved broker experience which is currently impacted by manual intervention reducing their overall efficiency of operations and competitiveness in the market
• Improved ability to rapidly deliver new products, cross-sell and scale
• Rationalize the application landscape to reduce the conglomeration of various platforms and technologies

Solution.

Our client was losing out on market capture in Marine Line business in London due to the absence of any online platform. This was because their existing business was running with discrete underwriting system built on legacy technology which had become conglomerate of old platform and technology. Due to this there was lot of manual intervention both at broker and underwriter level which was impacting the overall efficiency of operations. This not only impacted their competitiveness in the market but also brought significant complexity and cost to the organisation. Due to all these challenges the business was not able to deliver new products rapidly, cross-sell and scale up their existing business.

The impact.