SoftRules® is a unique tool that makes it possible to define all business logic regarding product displays, calculation and underwriting rules, clauses, coupling with other calculationengines, license services, fraud systems, etc. in one place. The big advantage for this approach is that modifications are much easier to perform, which not only reduces the risk of errors, but also reduces the time to market for launching new products and modifications. SoftRules® is designed with performance and scalability as key product features, as well as simplicity and clarity. SoftRules® is coupled with various insurance backoffices and other couplings are relatively easy to implement.
At the moment SoftRules® is controlling the following processes:
Straight Through Processing of requests and quotes of insurances
Straight Through Processing of alterations on insurance policies
Compare insurance products
Calculate premium, automated risk acceptance and coupling with other premium calculation engines
Claims
Automated advise based on userprofiles
Collect userdata from several sources and maintain a userprofile
Coupling with backoffices and act as a middle tier application for insurance portals
Convert batches of policies from one backoffice to another
Advise customers while they are entering data in userinterfaces (highlight answers that are most likely suitable based on their userprofile)
Act as a robot and search discrepancies between user profile and policy. Give advise to customers on what to do to fix these.
More…
Due to the high flexibility of SoftRules® much more processes are possible. The only limitation is your imagination.
