The Ultimate Workflow-Driven System for General Insurance Processing
General Insurance companies are increasingly looking to streamline operations, serve customers better, and empower the modern workforce. To accomplish this goal, they need the right partner with the right technology solution, industry experience and capability to transform from legacy systems, seamlessly.
Beyontec, with its developed market experience, brings globally proven best practices into all the solutions it offers to General Insurance companies.
Backed by a powerful workflow engine, our core insurance solution, the Beyontec Suite enhances the speed-to-market for all standard General Insurance products by fast-tracking them with automated rating, business rules and workflows to enable straight-through processing.
Keep up with shifting business trends with a core solution that is highly secure and scalable.
Establish an online presence to extend business activities online and serve more customers by interconnecting policyholders, brokers, surveyors, garages and all other business partners.
A future-ready, workflow-driven insurance system with the ability to create and manage business processes and work queues dynamically, ensuring SLA adherence.
The suite comes with 60+ pre-configured products for General, Fire, Property, Motor, Speciality Insurance business making it easy to launch new products and adapt existing products to market needs.
Automated Rating Engine
The comprehensive rating engine of the suite allows insurers to configure their own ratings across all personal and commercial lines to arrive at the best premium rates.
Business Rule Engine
The intuitive business rules engine of the suite allows insurer to configure both simple and complex rules definition using business-like terms for specific business needs and to meet regulatory norms.
In-built Document Management System
Store all insured related documents in a centralised repository to become paperless, while significantly reducing call times between policy handlers and claim handlers, with instant access to related information.
Customer Centric Solutions
By integrating and streamlining processes, the suite provides a single view of each policyholder, including personal details, policy premiums, dues, claims details, and receipts.
Driven by a powerful business rules engine, Beyontec Suite supplies a catalogue of business rules designed with assistance from current clients.
IFRS 17 Accounting
Beyontec offers a comprehensive solution that integrates existing actuarial and financial reporting environments to deliver new reporting under IFRS17 accounting standards.
It’s an intuitive, quick and easy-to-use feature that simplifies the claims valuation and estimation processes, improving the quality of claims service and reduces the time and cost associated in processing claims arising out of fender-bender circumstances.
Garage Tendering Process
A cutting-edge feature of the suite, it allows insurers to administer the end-to-end process of onboarding and managing the quote-to-delivery process of damaged vehicles across all available garages.
Effective Risk Management
Accurately assess the risk potential, risk accumulation and then estimate the appropriate premium for a given risk, based on a variety of pre-defined parameters.
Claims Fraud Prevention and Detection
The data driven analytics, workflows and rules engine feature of the suite is a reliable and effective way to protect your business from claims fraud leakages.
Notes & Diary
The Notes and Diary module helps keep track of the entire policy and claims history. It also sets follow-ups, shows existing notes and diaries with the newest at the top along with the subject, the originator, and the follow-up dates.
Seamless Policy Issuance and Servicing
Manage the end-to-end process of policy management online making it easy for Brokers, agents, policyholders and employees to get real-time information and updates on policies.