Future Ready Digital
Transformation Platform
Deliver Next-generation, Enterprise-grade
Insurance Software Solution
What Problems Are Holding Insurers Back Then?
In 2018, Gartner stated, “The majority of the insurance industry is either in an early digital stage or
consists of digital fast – followers who take a more moderate approach to digital transformation.”
However, there are two major reasons causing the insurance industry to lag behind in achieving
digital maturity:
Optimization Is Not Transformation
Most Insurance carriers are still in the digital optimization
phase, adhering to their traditional lines of business and
sales channels. Even post-optimization, the focus is solely
on internal processes and the digitization of some
policyholder interactions. But this approach limits insurers
from capturing new market share as policyholders
choose to do business with more engaging non-traditional
insurance platforms who deliver an easy and intuitive
buying experience.
Innovation Hasn’t Always Been Easy For Insurance
Numerous factors impact the ability of insurance carriers to opt for smarter insurance software solutions. The use of Legacy systems with an average age of 13 years affect agility, and a highly regulated industry slows down the pace of any change. Insurers have not been able to adapt quickly to user demands, with multiple duplications of systems and inefficient methods affecting the response time for handling claims and underwriting.
ACCRO Helps YOU Attain Digital Insurance Maturity
Shift The Traditional Insurer Paradigm Into Digital Innovation Using Low-code
The Forrester Wave for Low-Code Application Development Platforms (AD&D, 2017) states that
“Low-code platforms enable rapid delivery of business applications with a minimum of
hand-coding and minimal upfront investment in setup, training, and deployment.”
Increase Policy Profitability
Handling the pressure to offset high claims costs
and underwhelming financial performance can
be a difficult task. Reinvent your business model
and rise with a digital-first strategy – create
sophisticated, next-gen insurance software
solutions with ACCRO. Let policyholders,
agents, and brokers interact on their own terms
while you increase policy upsell opportunities.
Beat Insurtech and Big Tech Competition
By delivering robust insurance software
solutions, insurtech and big tech have become
tough competitors to your business. Conquer the
competition with ACCRO – build agent portals,
claims applications, and underwriting solutions
ten times faster than traditional development
methods. Plug into the entire insurance
ecosystem outside your organization.
Respond to State and Federal Regulations
In providing insurance software solutions, it
proves critical to adjust your policies and
procedures to adhere promptly to new state or
federal regulations, in order to achieve
compliance. ACCRO lets you customize your
workflows, business rules, and application UI
quickly within hours, instead of
months—empowering swift compliance with
state and federal regulations.
Decrease Underwriting and Claims Costs
Don’t get overwhelmed by demands to reduce
operational costs. With ACCRO, you can digitize
business processes and swiftly pave your way to
“zero-hassle” quoting, underwriting, claims, and
more – connecting disparate systems of data,
applying data standards, and automating
manual processes, you can reduce processing
times and support costs.
Reduce Your Legacy IT Debt
It is expensive to maintain and operate legacy
environments. ACCRO enables you to
cost-effectively integrate or re-platform legacy
systems using low-code development. Plus, you
can consolidate multiple core systems and data
sources into a single, 360-degree view,
improving data transparency and response
times.
Make The Right Choice
ACCRO helps you build unique, fit-to-purpose insurance software solutions that will set you apart from your competitors. Implementing a visual approach for development, team management becomes blazing fast, without spending the budget considerably on training. Inculcate the quality of self-learning in your team, using online trainings, webinars and more.
Rapidity
Swiftly develop and deploy full-stack insurance tech apps
Integration
One-click incorporation of your insurance apps into any software system
Dynamic UX
Deliver amazing, pixel-perfect digital insurance experiences
Low Codes
Extend insurance apps with your own front-end or back-end code
Assured Safety
Insurance apps that run on a safe & secure platform
Massive Scalability
Scale your insurance apps without any loss in quality
Error-free
Concrete, unbreakable deployment across cloud
Easy Maintenance
Unparalleled seamlessness using pre-tested app modules