Non-life
ShrinQ Insurance Suite
An omni-channel insurance application covering every part of a non-life insurance business.
Customer app
- Quote and buy policy
- Instant payment via Mobile Money, VISA and Mastercard
- Initiate a claim
- View policy and claim documents for existing business
Agent / broker app
- Quote and buy policy on behalf of a customer
- Initiate instant payment via Mobile Money, VISA and Mastercard
- Initiate a claim on behalf of a customer
- Share policy documents with customers via SMS or email
- View commissions and check commission status
Customer relationship management
- Customer creation
- Lead management
- Automated notices to customers (birthdays, renewals, holidays)
- Activity management
- ID verification
- Customer complaint management
Underwriting
- Generate quotations and convert them to policies
- Underwrite all classes of business (direct, facultative, co-insurance)
- Underwrite fleet business through bulk upload
- Instant payment (Mobile Money, VISA or Mastercard)
- Vehicle database for easy motor underwriting
- Integration with MID for real-time motor sticker issuance
- Integration with MAID for real-time marine certificates
Reinsurance
- Treaty setup
- Facultative placement
- Co-insurance placement
- Commission management
- Treaty accounting
Claims
- First notification of loss (FNOL)
- Claim registration
- Claim processing
- Salvage
- Recoveries
- Claim approval workflow
Finance
- Bank lodgement
- Stock management
- Requisition
- Procurement
- Bank reconciliation
- Receivables
- Payables
- Assets
- Commission management
- Journals
- Account closures
- Trial balance (IFRS 17)
Business intelligence
- IFRS 17 reports
- Management reports
- Treaty bordereaux
- Production report
- Commission report
- Agent reports
- Any report requested
Document management
- Policy, claim and customer documents in one secure place
