Helping Insurers Make the Shift to Digital Insurance 2.0
Damco’s InsureEdge is a scalable technology platform designed to help Insurers achieve maximum benefits through its comprehensive modules covering policy administration, claims processing, reinsurance, dashboards and statutory reporting, agency management, and more. InsureEdge has the industry’s most comprehensive and flexible insurance processing functions for multiple lines of businesses, including P&C Insurance, Life Insurance, and General Insurance.
For more than 20-years, Damco has been working with Global Insurance companies as technology partners helping them competently move to modern and scalable Policy Administration system through InsureEdge. After several product implementations in different parts of the world, we are now partners in innovations, conceptualizations, and implementations of ideas to facilitate strategic alliances for business growth with our numerous clients globally.
With strings of natural calamities around the world, Insurers are facing many rising challenges and demands. To help them handle the soaring Claims in such days, InsureEdge competently manages Claims documentations, feeding Data in the system, verification of claims, prioritizing the claim queue and many such things with feature-rich Life Insurance Software, P&C Insurance Software and General Insurance Software.
Being one of the sponsors of Annual Caribbean Insurance Conference, Damco actively participate in this annual event to foster the advancement of the Caribbean insurance industry and help create a platform for regional coordination and integration in the industry.
InsureEdge modules simplify insurance administration with rich suite of features and wide coverage of functionalities
Configure your system as per your needs and preferences; set up rates, discounts or loadings. It also allows you to manage users and provide access based on their roles.
This full policy management suite
enables the customer to create quotes, enforce policies, do endorsements, renewals or cancellations.
Manage your Claims through claims processing system
. It allows you to register the first report of loss and document all the necessary information for its informative processing. It is integrated with policy modules providing the user with real-time coverage verification.
Insurers can configure their reinsurance treaties and facultative arrangements and automatically integrate reinsurance processing within the policy administration and claims life-cycles with Reinsurance Software.
Dashboard & Reporting
Access your data through ready reports, which are more than 200 in numbers, including both standard and statistical reports. These could be exported for further data drilling. Dashboard interface is available both on web and mobile; giving you added flexibility to keep a tab on your business at your ease.
This is a self-service portal for customers, where on either web or mobile customers can view and manage their policies or raise a concern through interactive chats.
Set up your Agencies or manage your agents and their commissions from here. The agent portal is easy to set up and configurable at agent level for better control. It allows for real time data exchange between broker/agents and internal users.
Track your communication in one place; this becomes a contact repository for all your clients, brokers, agents, reinsurer or vendor. This module will help you to manage your contacts and allow you to engage in up-selling or cross-selling at the company level.
Digital Document Repository
This takes away the hassle of managing paper documents and linking them back to the policy or a claim. You can upload as many documents against a policy or a claim and can manage them accordingly within this interface.
With ready connectors to bind any third party accounting software, the system is equipped with operational accounting to give you a clear view of your income and expenditures.
Re-engineer the way insurers do business for Life, Health and General Products with InsureEdge multiple lines of businesses
- Group Life
- Creditor Life
- Group Pensions
- Loss of Employment
- Accidental Death and Disability
- Critical Illness
- Funeral Grant
- Term Life/Whole Life
- Guaranteed Life
- Property – Commercial/ Homeowners
- All Risk – Jewellery Insurance
- Fire and Special Perils
- Motor Personal/ Commercial
- Commercial Fleet
- Road Side Assistance
- Public Liability Insurance
- Workmen’s Compensation
- Marine Insurance
- Erection All Risk
- Fidelity Guarantee
- Goods in Transit
- Plate Glass
- Machinery All Risk
- Money Insurance
- Consequential Loss
- Professional Indemnity
- Advance Payment
- Computer Insurance
- Burglary Insurance
- Electronic Equipment All Risk
- Contractor All Risk
- Customs Bond
- Retention Bond
- Supply Bond
- Performance Bond
- Travel Insurance
- Aviation Insurance
- Umbrella Policies
Customer Success Stories with InsureEdge
Re-engineered a web based Policy Management system which allowed the client to overcome all the existing limitations and automate daily processing. The solution aided their cause to become one of the biggest insurance writer in the US.
The client had a basic insurance writing setup and their plan for business expansion was restricted by their application capacity. They got the complete InsureEdge application setup and started training their staff to use it. Through Agency portal they expanded into new territories and were able to tap the market potential to their benefit
Managed client’s insurance product with our suggestions to do production support and data handling by automating many of their processes. We also implemented several regulatory reports and its processing.
Developed Reporting and Dashboard on a mobile application for the client’s users and management that enabled the client to be in constant touch with their business data and make informed decisions.