FUSION: The solution for bank insurance

Web technology allows management of the broker’s, the branch or the financial promoter’s sales network.

The need

The banks and financial brokers, who place damage and life insurance products, need an IT infrastructure that can govern the sales and post-sales processes of contracts and can also communicate with the insurance companies.

These systems do not repeat the typical functions of company procedures but must rather integrate them, in order to optimize the various phases that distinguish policy sales and management.

Another important topic is the need to integrate the bank insurance system with other bank systems, thus making insurance contracts another form of homogeneous relationship in the offer and processing following placement.

The solution

ASSIBANK is a solution for financial brokers, like banks and promoters, who place insurance products with customers.

The product oversees the life cycle of life and damage policy placement by one or more insurance companies, with which the broker has signed a sales agreement.

ASSIBANK was designed and developed according to a philosophy of flexibility and parameterization. Thanks to this set-up, the user can freely create and manage insurance products, exploiting the characteristics of a product factory made for the user.

Special attention has been placed on the usability of the system by all the users involved, whether they are the staff responsible for selling the insurance product, or the staff responsible for subsequent management. Special functions have been introduced for the branch consultant, the promoter and the back office.

The advantages

Using WEB technology allows the brokers' sales network to be managed, whether it is a bank branch or a financial promoter, also in mixed situations.

The product has an autonomous database where it is possible to reconstruct the "insurance portfolio" image according to the information exchanged with the companies.

Exchanging information between broker and company, that uses a standard interface, is governed by a form that guarantees the foreseen alignment and also being able to proceed with corrections to the refusals that are inevitably produced during this type of operation.