1.
Tier-one Caribbean Insurer Accelerates
Digitalization & Business Process Efficiencies with
InsureEdge Insurance Software

2.
Table of Contents
1 Client Background
Key Challenges
How Damco Helped
Serving Across All Lines of Businesses
Key Features
Benefits
2
3
4
5
6

3.
Client Background
Copyright©2020 Damco Group. All Rights Reserved.
The client is one of the fastest-growing
independent insurers in the Caribbean. They
offer a comprehensive range of insurance
products and services including packaged
business insurances and specialty services for
liability and bonds, as well as offshore liability.
They specialize in Auto/ Commercial Auto
Insurance, Home Insurance, Small Medium
Enterprise Insurance Packages, and
Commercial and Corporate Insurance.

4.
Key Challenges
Copyright©2020 Damco Group. All Rights Reserved.
A robust Insurance Software was required
which could cater to the following challenges:
 A dashboard view for insurer management
enables a better grip on the status of the
business
 Modern claim system to help the customers
improve claim settlement ratings
 The streamlined business process to adapt
quickly to customers’ changing needs

5.
Copyright©2020 Damco Group. All Rights Reserved.
Following up on the client’s requirement
gathering sessions, Damco was able to
understand the pain points of the existing
methods and expectations from the new system.
Damco recommended the implementation of
InsureEdge as a comprehensive, scalable, and
integrated insurance software- easily configured
for streamlining business processes, regulatory,
and compliance procedures.
How Damco Helped
Copyright©2020 Damco Group. All Rights Reserved.

6.
Copyright©2020 Damco Group. All Rights Reserved.
Though here we implemented
InsureEdge particularly for the P&C line,
however, InsureEdge is integrated
Insurance software that facilitates
insurance processes across multiple
lines of Insurance businesses.
Serving Across All Lines of Businesses
Copyright©2020 Damco Group. All Rights Reserved.

7.
Key Features
The key features of the solution included:
 Dynamic dashboards for a quick view of the
status of the business
 Adhoc reporting module integrated to
generate reports
 Flexible and customized rating engine for
various policy types
 Third-party integration to rationalize the
quote and policy process
 Batch jobs at night for downloading of
reports and generation reconciled reports
Copyright©2020 Damco Group. All Rights Reserved.

8.
Benefits
 Increase in profits due to automation of claims
processing with InsureEdge
 Smooth sales activity pushing to sales, speeding
up ROI with the quick single dashboard view
 Quick implementation within 4 weeks for a
simplified and easy transition to digitalization
 Time and cost saved with automated analytical
report generation for relevant data insights to
personalize results
 Customer loyalty by enriching customer
experience through automated policy handling
Copyright©2020 Damco Group. All Rights Reserved.

9.
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