Future-Proofing Your Insurance Business
The insurance industry is constantly evolving, so it is important to make sure your business is prepared for the future.
ParaCode is a cloud-based policy administration and claims management software platform that can help you stay ahead of the curve.
ParaCode is product agnostic and aims to help anyone in the insurance market, including MGAs, brokers and insurers, take advantage of its Broker portal, Marketplace and online sales functionality.
Here are some ways that ParaCode can help you future-proof your business:
Increase speed to market. The ParaCode platform is designed to help you get new products and product updates to market faster. You can build new products in hours rather than weeks and make updates in minutes rather than days. This is achieved with its no-code insurable definition capability, flexible and powerful rating engine, drag and drop screen form builder, templated document generator and report generator.
Enhance underwriting results. ParaCode provides you with the tools you need to improve your underwriting results. This includes a powerful rating engine, data enrichment integrations and a comprehensive claims management suite.
Improve user productivity. The ParaCode platform is designed to be user-friendly and efficient. This can help your employees be more productive and free up their time to focus on more strategic tasks.
Gain better management information. ParaCode provides you with the data and insights you need to make better decisions about your business. This includes a comprehensive reporting suite and a data warehouse.
Scale your business. ParaCode is a cloud-native platform, hosted in Microsoft Azure. This means that it can scale to meet the needs of your business as it grows. You don’t need to worry about investing in expensive hardware or software.
Improve customer experience. ParaCode offers an end-to-end client journey, from quotation through to purchase, subjectivity management, MTA, claims and renewal. The platform incorporates powerful tools for managing communications via email, SMS, telephone and surface mail.
By using ParaCode, you can free up time to develop and improve your business without limitation from your software platform.
