Delivering insights across distribution channels. Providing the agility to respond.
Change is the only constant in the general insurance market, and the pace of change is increasing with digital distribution, artificial intelligence and the entrance of agile new competitors creating a rapidly changing competitive landscape. Now, more than ever, insurers need to leverage agile platforms that enable them to take advantage of the changing landscape.
CGI IMM is a secure cloud hosted platform giving any organisation (insurers, brokers, MGA) a single solution to manage and control their products across multiple distribution channels. Features include;
- Simplify – Out of the box connection with multiple distribution channels, data enhancement services and rating engines. Access internal data sources and systems within one platform, to support all distribution channels.
- Insight – Visibility across all quote data flowing from your various distribution channels, with real team MI and analytics. Enrich your risk data with third party data services and embed artificial intelligence and machine learning algorithms to improve risk selection.
- Reaction – Rating and Pricing teams have the autonomy and tools to test and release new rates to all channels without the need for IT involvement. In-line orchestration rules allow real-time control of champion/challenger models, risk selection, identifying fraud and managing capacity.
- Value – Through a “release once, deploy to many” approach, improve operating and support costs by around 30% by rationalising rating model instances and removing the cost of IT support. Use caching and intelligent orchestration to optimise the use of data enrichment services.