Generate Illustrations on policy events in Real time or Batch for pro-active customer service

SymbioSys In-force Illustration enables Insurer to generate illustration for Life, Annuity and Pension products, on policy events to pro-actively inform customer on sustainability of policy. This can be performed in Real time on events like inclusion of Rider or Withdrawal etc. or in batch on other policy events.

Having configured over 500+ Plans and 1000+ Riders, with over 5 million illustrations, SymbioSys In-force Illustration is proven and supported by flexible, powerful Product configurator.

Business Challenges

• Ease of carrying out Sustainability checks on policy events
• Ability to engage with customers for providing guidance
• Timely adherence of regulatory compliance

Business Drivers

• Quick launch of new Products with complex In-force illustration rules
• Tools to engage with customer for pro-active service

FEATURES

• Flexible Illustration modeler for Investment products
• Ability to generate illustration in both Real time and Batch mode
• Out of box API’s for integration with Policy Admin platforms
• Solvers for effective customer engagement on policy events

Benefits

• Significant reduction in time and cost to launch new product
• Real time availability of data for customer engagement
• Improve distributor and customer experience