Agile Financial Technologies Automating Insurance Operations through State-of-Art Solutions

CIO VendorKalpesh Desai, CEO
A move towards insurance core software could be often dubbed as double edged sword for many insurers. “On one side it offers benefits such as accuracy, convenience and cost-efficiency, but on the other side issues related to flexibility, workflow and manageability could be too cumbersome to handle,” asserts Kalpesh Desai, CEO, Agile Financial Technologies. “By offering an enterprise class, out-of-box insurance solutions, we help organizations overcome these barriers, and envision an unparalleled efficiency in insurance operations,” he says. Based in Uniondale, NY, the company offers a raft of products and services that enables managing complete requirements of insurance business, from underwriting to claim management, and accounting. “Our efficient sets of tools have been designed with a strategic intent to boost insurance business processes, and ultimately proffer higher client profitability,” says Desai.

The company offers AGILIS General Insurance, an integrated platform that imparts freedom to create and launch new insurance products within a very short period of time. Such flexible creation is a result of embracing parameterized approach to configure different system rules and procedures. This dynamic approach eventually reduces time-to-market, and helps the insurance clients to expand their spectrum of offerings with least dependency on IT team. Going a step ahead, the platform also provides great choice of pre configured reports, including MIS?, and allows creating any report to meet regulatory or internal auditing standards. “The multi-faceted functions, and modular structure of our platform enables effectively integrating several divisions under one unified business process, and also gain a single view of customer profile,” explains Desai. All along, the seamless integration of operational modules such as New Business, Underwriting, Claims, Re-insurance with Accounts culminates in automatic entries, reduced human errors, and easy reconciliation of accounts.

Our thorough understanding of technology's strategic relevance with business empowers us to craft state-of-art solutions

Besides assisting the landscape of General Insurance, the company also harmonizes the needs of Life Insurance arena by providing a comprehensive system that deals with individual life products, as well as Group, and Pensions. The System AGILIS Life Insurance supports products such as critical illness riders, accident benefit riders, pure term products and income protection riders to alleviate the predicaments faced while handling daily operations and processes of a life insurance company. The operations and processes include premium management, month end processing, policy endorsements, group rule definitions and underwritings. “Our thorough understanding of technology's strategic relevance with business empowers us to craft such state-of-art solutions,” affirms Desai.

The company additionally steps into the arena of consultation, and provides intelligent services for the fields of infrastructure management, system integration, and software development. “Today’s dynamic businesses need partners who can help them actively throughout the business cycle,” reveals Desai. “Our teams deployed at client’s site, are backed up and interact perpetually with product specialists to ascertain consistent, dependable and people independent service levels,” remarks Desai. Additionally, the Agile’s ability to work hand-in-hand with client to align technology, results in improved process efficiency, reduced costs, and enhanced business values.

The value of Agile’s approach can be witnessed in their work with firms like Zimbabwe’s Optimal Insurance Company, who embraced AGILIS Core Insurance Software to automate their existing operations, and accelerate the creation of new insurance products. “Our integrated platform is certain to boost the client’s business by streamlining the entire spectrum of insurance operations,” extols Desai. Maintaining such deep commitment towards customer’s growth, Agile will continue to infuse progressive technology trends into their set of solutions and services, even in the future.