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Building a web-based Quotation Management System for Aegon Religare
 

Building a web-based Quotation Management System for Aegon Religare

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Building a web-based Quotation Management System for Aegon Religare

Building a web-based Quotation Management System for Aegon Religare

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    Building a web-based Quotation Management System for Aegon Religare Building a web-based Quotation Management System for Aegon Religare Presentation Transcript

    • Building a web-based Quotation Management System for Aegon Religare
    • Magento eCommerce SaaS Applications Video Streaming Portals Rich Internet Apps Custom Development 250+ team with experience in managing offshore, distributed development. Neev Technologies established in Jan ’05 VC Funding in 2009 By Basil Partners Part of Publicis Groupe Member of NASSCOM. Development Centers in Bangalore and Pune. Offices at Bangalore, USA, Delhi, Pun e, Singapore and Stockholm. Key Company Highlights iPhone Android Windows Phone 7 HTML5 Apps Web User Interface Design and User Experience Design Performance Consulting Practices Quality Assurance & Testing AWS Consulting Partner Rackspace Joyent Heroku Google App Engine Mobile Cloud About Neev Outsourced Product Development
    • • Neev developed a web-based Quotation Management System (QMS) for a leading insurance provider that is designed to adhere to the IRDA regulations. • The system has a role-based access control mechanism. • The QMS simplifies the work of insurance agents as they can generate a quote from the web at any given time which saves multiple iterations and reduces the sales cycle of the agents. • It allows reports to be generated and identifies errors in quote creation. Building a web-based Quotation Management System for a Leading Insurance Provider
    • • AEGON, an international life insurance, pension and investment company, and Religare, one of India’s leading integrated financial services groups came together to launch AEGON Religare Life Insurance Company Limited. • In an industry first, AEGON Religare Life Insurance offers policy servicing on the phone via Interactive Voice Response System (IVR) by issuing the customer a T–Pin for authentication. • It is also the first company to include the customer’s medical report in the policy kit. The Client
    • • Aegon Religare wanted to have a centralized system which interacts with the external systems and a predefined role- based access control mechanism. • To develop a web-based Quotation Management System with an inbuilt engine which follows the IRDA (Insurance Regulatory & Development Authority) regulations and statutory laws. • IRDA mandates the insurance companies to follow a stringent set of regulations and statutory laws. Business Need
    • • Neev with its expertise in developing web-based applications built a Quotation Management System (QMS) in complete adherence to the regulations and laws laid out by IRDA. • The system was designed to capture market feedback and incorporate the learning to transform the feedback into formulae for calculation of quotation. • The objective behind designing such a system was to simplify the quote and the policy creation and distribute the access rights as per the role of various users of the system. • The system allows agents to: • Define products and product-specific rules from a user-friendly web interface. • Validate quotation data with an external policy administration system. • Choose the template defined by the admin. • Submit a quote to the CRM system. • Populate the value of premium for the policy lifecycle, policy management charges and fund management charges which are calculated by external policy administration system. Neev Solution
    • • The quote can be generated from web at any given time which saves multiple iterations and reduces the sales cycle of the agents. • With the help of CRM, reports can be generated to track the success ratio and draw forecasts. • Policy administration captures the exact details of policies for any given user. • Allows Quote-related validations based on the rules that have been defined by the admin. Top Features
    • • JAVA/J2EE • JavaServer Pages (JSP) • IBM WEBSPHERE SERVER • SPRINGS • AJAX • STRUTS Technology Footprint
    • • As this venture is new, it was difficult for Aegon Religare to track the information & gain clarity about their business. • It was a significant challenge to understand the business requirements for developing the web application. • IRDA mandates the insurance companies to follow a stringent set of regulations and statutory laws. QMS had to adhere to the stipulated laws and regulations of IRDA. Top Challenges
    • Screen Shot
    • Clients
    • Partnerships
    • India - Bangalore USA Sweden The Estate, # 121,6th Floor, Dickenson Road Bangalore-560042 Phone :+91 80 25594416 Neev Information Technologies Pvt. Ltd. 1121 Boyce Rd Ste 1400, Pittsburgh PA 15241 Phone : +1 888-979-7860 Neev AB, Birger Jarlsgatan 53, 6tr, 11145, Stockholm Phone: +46723250723 sales@neevtech.com India - Pune #13 L’Square, 3rd Floor Parihar Chowk, Aundh, Pune – 411007. Phone : +91-64103338 Singapore #08-03 SGX Centre 2, 4 Shenton Way, Singapore 068807 Phone: +65 6435 1961 For more info on our offerings, visit www.neevtech.com