Axe

Banks provide a great opportunity for insurers to access their significant customer base by leveraging trusted relationships to sell life insurance products. Systems are needed to underscore deep relationships with banks, providing a platform which makes it easy for staff to provide bundled offerings and sell more insurance.

Axelerator, our innovative insurance software platform, enables you to combine insurance expertise with specialized products into an automated system to support the banking channel.

To provide insurance products and services to bank's customers through their channels, insurers need to use smart automation combined with value-add to optimize margins, while meeting bank's needs for product bundling, appropriate tools for staff, and mitigation of financial and operational risk.

We recognize that tapping the various channels of a bank requires:

• Integrating insurance processes into the bank's business model and channel infrastructure
• Addressing the distinct needs of each of the bank's channels that will be selling insurance
• Flexible products tailored to customer needs
• Sales tools that make it easy for banking staff and downstream channel partners to sell insurance
• Product innovation for more value-add to avoid commodity pricing and low margins

The Axelerator Insurance Platform is specifically customized to meet these requirements flexibly and adaptably. For Bancassurance we currently deliver solutions via working models for New Business, Claims and Lifecycle Services.

BANCASSURANCE IMPLEMENTATION: See how we've helped BNZ deliver a new insurance sales system using Axelerator Bancassurance to make it easier for their customers to purchase life and health insurance through their extensive store network spread throughout New Zealand.