Home > Markets > Insurance Start-ups
Hit the Ground Running with Beyontec’s One-Stop Solution for Start-ups
A start-up insurer, although offering innovative products to address niche market needs, requires efficient systems to run their business. The success of these start-ups depends upon their ability to quickly innovate, automate and launch products in the market.
Start-ups need a technology partner – not just a vendor – who comes with considerable experience to mitigate costs, advocate innovative technology, and future-proof the premium growth of these new companies.
Beyontec provides start-up insurance firms with the technology to run their businesses. We serve as a one-stop-shop for all the technology needed to manage the business operations of insurance firms with a pre-configured solution stack for the start-ups who value speed-to-market.
Cloud Based Solutions
Keep up with shifting business trends with a core solution that is highly secure and scalable.
The suite comes with 60+ pre-configured products for General, Medical and Life Insurance business, making it easy to launch new products and modify existing products to market needs.
Beyontec Suite addresses majority of the start-up business requirements with a comprehensive set of solutions that include pre-configured products, cloud infrastructure, portals, and accelerator tools.
Portal Driven Solutions
Establish an online presence to extend business activities on the web and serve more customers by interconnecting policyholders, brokers, agents, 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 in-built configuration tools in the suite are designed to make the customer independent. The suite empowers them to create and change products, workflows, rating, and business rules eliminating the dependency on external teams.
Automated Rating Engine
The suite comes with robust rating definitions to support even the most complex rating algorithms, with reusable logic definitions. It can extend the automated rating process across all products and minimise the manual rating effort needed.
The suite is a workflow-driven solution with the ability to create and manage business processes and work queues dynamically. Besides, using the workflow engine, you can set SLAs, and track and measure the TAT of each process.
New Product Launch
The product configuration engine, rating engine, and business rule engine of the suite enables start-ups to create and launch new products faster.
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.
Self-service mobile application for various functions such as access policy documents, claims FNOL, request quotes, buy new policies, renew the existing policies and pay premiums allow start-ups to offer a convenient way for customers to interact.