InsuranceSigmen builds flexible efficient ERP systems for information processing that allows insurance companies to work with a great number of clients, deal with accountable documents including the ones for governmental entities and go regularly through check-outs. The integration of specialized applications created by our developers into one’s routine workflow will greatly transform the working processes of the existing departments, uniting them and creating an integrated business space. Antiquated, disparate systems don’t give you the insight you need, which can result in poor decisions. You need all the information in one place. A traditional data warehouse simply will not suffice, and point solutions don’t give you the flexibility you need to accommodate your company’s unique business processes.
Why choose Sigma Insurance Solutions?
Insurance companies not only need to service claims; they need to be able to grow the money they take in—and that has its own set of unique requirements. You need to have a full understanding at all times of what you are distributing and the activities of the agents with which you do business. You also have your own unique set of regulatory requirements to address.
The software complies with the security guidelines for the insurance, by securing the data of each customer. The data collected are stored in a single software with access given only for the higher level users, yet easy to retrieve whenever needed.
The process carried out from the customer account creation until the maintenance of the insurance claimed, is very transparent to the users. The agile and transparent workflow contributes to the easy generation of reports and forecasts.
Software is implemented in such a way that it can go through customization and updation as per the business requirements. Software maintenance can be done by our expert at a regular interval of time, whenever required.
Here are just some of the obstacles we partner with customers to overcome.
The ability to analyse and visualise data is a huge selling point for many companies in the industry. Being able to slice, dice and present data when needed, with visually stimulating dashboards, is a great advantage, especially when there is so much data at hand.
One of the most significant functional aspects of an ERP system is the ability to integrate data from several departments and bring it into one unified database. In the insurance industry this is especially important when tracking customer history, including past transactional details, personal data and legal agreements.
Profitability is the end goal and tracking all aspects of your sales process and activity is incredibly important when it comes to providing insurance. Outbound and inbound sales calls, referrals, cross-sell quotes and internet leads are all the key sets of data you can record easily. Identifying and analysing every touch point and result with a customer can help you make the best and most informed business decisions.
Insurance brands pride themselves on the high-quality service they deliver to their customers, and in such a competitive market it's easy to see why such a considerable emphasis is placed on this. By accessing important information about customers at the click of a button, insurers can provide an efficient service, encouraging brand loyalty and repeat business.
The insurance industry is one of the most heavily regulated industries in today's economy. Conduct regulators such as the FCA (Financial Conduct Authority) regulate over 56000 financial service firms within the UK. When there are changes to legislation, organisations must be able to access their data and present it to the relevant body as quickly and efficiently as possible. Being able to evidence this data ensures your business remains compliant.