Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Cloud Insurance offers a comprehensive SaaS platform for managing insurance operations tailored for managing general agents (MGAs), carriers, brokers, and emerging insurance startups, functioning as the essential software rather than acting as an insurer itself.
The platform encompasses nine distinct modules that facilitate the entire policy lifecycle, including a Product Engine for rapid product design and pricing, comprehensive management of Policies, AI-driven Claims processing, streamlined Distribution for partner onboarding, and robust Finance capabilities for accounting and invoicing.
Additional features include a Customer Relationship Management (CRM) system, automated Workflow tools for underwriting and reminders, customizable Reporting dashboards, and advanced AI Machine Reading for efficient document handling.
Policyholders benefit from a personalized Purchase Journey and a self-service My Account portal, while REST APIs enable seamless integration for creating customers, policies, and quotes from outside systems.
Cloud Insurance can be deployed as a complete core system, a modular add-on, or a minimal viable product (MVP) platform, with pre-built offerings that cover various lines such as travel, dental, pet, health, payment protection insurance (PPI), and sports.
This versatility allows businesses to adapt the platform to their specific needs and scale their operations effectively.
Description
Cut distribution expenses by as much as five times while tapping into previously overlooked markets by collaborating with Democrance to provide micro, retail, and commercial insurance products across all sectors, including property and casualty, life, and health. Insurers can envision rolling out new offerings in a matter of weeks rather than months, all while automating manual tasks to effortlessly connect with new customer demographics. Democrance equips you with a unified platform for managing all your insurance products, optimizing your operations, reducing average distribution costs by fivefold, and potentially increasing annual sales by approximately 28%, thus paving the way for innovative offerings in every line of business. Experience the launch of digital insurance solutions within just 2-6 weeks, ensuring minimal disruption to your current systems. The omnichannel capabilities of Democrance facilitate access to new market segments, support intermediaries, and allow exploration of options such as embedded and micro-insurance. Additionally, streamline your policy administration processes and significantly lower distribution costs from 20-30% down to just 5% of gross written premium, enhancing your overall efficiency and profitability. This transformation not only benefits your organization but also improves customer satisfaction by providing more accessible insurance solutions.
API Access
Has API
No
API Access
Has API
Yes
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
No
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Cloud Insurance
Founded
2012
Country
Norway
Website
www.cloudinsurance.io
Vendor Details
Company Name
Democrance
Country
United Arab Emirates
Website
www.democrance.com
Product Features
Insurance Claims Management
CRM
No
Claims tracking
No
Customer portal
No
Document management
No
EDI data exchange integrations
No
Electronic claims
No
Fraud management
No
Reporting
No