With the Consor Universal Design Engine, you can model your insurance products comprehensively – without programming effort, efficiently and flexibly.
Product Modelling
Consor Universal supports rapid design from tried-and-tested out-of-the-box components. This significantly shortens your time-to-market without compromising individuality.
New requirements can be implemented quickly, be it different pricing models, currencies, process changes, organizational restructuring, new products or new international areas of application.
Benefits
- Low-code platform: specialist business analysts can model products comprehensively – no programming knowledge required
- Fast time-to-market: product adaptations can be modeled and made available in just a few days
- Comprehensive customizing: from user interfaces, documents and pricing to workflows
Underwriting Process
Consor Universal supports the entire underwriting process for industrial and corporate business – from risk analysis and proposal preparation to policy issuance and the implementation of policy changes.
Risk Assessment
Risk engineers receive comprehensive support when analyzing risks. Both quantitative and qualitative factors are included in the analyses.
Proposal Preparation
Quotations and quotation variants are created quickly and easily thanks to approved text modules. Authorized underwriters can intervene in the wording via the wording view if required.
Policing
Both direct new business and contracts based on offers are created efficiently with Consor Universal.
Benefits
- Maximum flexibility in the design of the underwriting process
- Consistency – recording of all data in a standardized interface, no double entries necessary
- Tailor-made contracts with pre-written wording
Inventory Management
The Consor Universal Policy Manager is a portfolio system specifically designed for the industrial insurance business. The Policy Manager is an optional supplement to the Consor Universal Underwriting Platform and essentially performs the following tasks:
- Management of the portfolio of active and historicized contracts incl. bitemporal data storage
- Settlement of contracts at the respective expiry dates – incl. taxes, duties and commission
- Delivery to back-end systems such as claims management, provisioning system or collection/disbursement (e.g. SAP FS-CD)
- Provision of a batch framework for the control of batch jobs
Inventory Management
Specifically tailored to the industrial business, the Policy Manager manages the portfolio and settles the contracts.
Technical Integration
The Policy Manager supplies peripheral systems such as collection/disbursement, claims or commission with the necessary data.
Benefits
- Specifically designed for the industrial business
- Support for a wide range of settlement types
- Coverage of foreign risks and taxes, different currencies and syndicated business