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Helping incumbent Insurers' Reimagine Group Insurance
Gradatim is helping incumbent insurers' reimagine group insurance.
From navigating an intensely competitive market, outdated legacy systems and complex eco-systems, to building an intelligent, seamless eco-system and life-time portable benefits model.
Gradatim MFInsure® Group Platform, is an AI driven, end-to-end SaaS platform, for group insurance products. It incorporates all standard group insurance processes.
The platform is non-disruptive and integrates seamlessly with insurer's existing IT systems. New products and services can be setup quickly, existing products can be modified with ease, by configuration.
It is a single system for group core policy administration, agreement management, policy & certificate-of-insurance management, receipting, accounting and taxation management.
Grow, Scale and Digitally Transform
Our Insurance Platform executes core insurance processes better than any legacy core
Products
120+ Products and Product Variants, across protection, savings, investment, pension, fund, health, and P&C products.
18+ leading insurance companies. 8 Group core PAS implementations.
Customers
Savings
50% reduction in technology costs & 40% reduction in operating costs per GWP.
Policies
162+ Million policies are currently live across Group implementations.
Single system for policy administration, COI management, receipting, accounting & taxation
70% reduction in new business processing time. 60% reduction in renewal processing time. 98% for Micro insurance products
Reduction in day end, month end and year end batch processing times
Introduction of sales and client hierarchy. Business intelligence. Control accounts are setup by configuration
Four Awesome Value Drivers
Changing the way group insurance software works
1
Innovation across group insurance distribution
2
Rapid launch of products, channels and processes
3
High volume processing capability
4
Group benefits business
End-of-life and voluntary benefits
Hierarchy Management
Introduction of Client, Sales and Intermediary hierarchy mapping for sales, distribution and self-service
Supporting a wide range of group products
Support for life, credit protect, savings, investment, fund and health insurance group products
Marketing & Distribution
Drive voluntary take-up, with D2C marketing and distribution capabilities, supported by AI
Scale & Loyalty
Digital tools to help intermediaries with self-service quotations, real-time compensation data, and visibility into the overall book of business
Digital Distribution driving growth
Driving digital and collaborative model of distribution for group insurance, voluntary, affinity, bancassurance, broker and digital partners.
“We have transformed Group Life, Group Fund and Group Pension for some of the largest life insurers.”
Performance Delivered
Processing time reduction
New business – 73%
Renewal – 68%
Micro – 98%
Reduction day end batch process time
Reduction from 6 to 9 hours, over 16 hours on month-end, to 45 minutes to 1 hour.
Consolidation of multiple systems
Single system for receipting, policy administration and certificate of insurance generation.
Process Improvements
Introduction of sales hierarchy in the system
Introduction of client hierarchy in the system.
Mandatory intermediary mapping.
Process Improvements
Comprehensive daily sales reporting with sales person/intermediary details.
Integrated Government charges payment mechanisms.
Control accounting setup by configuration.
Standard process for exception Process
Reduction in 2 to 4 days to 55 minute (standard renewal time).
Ready to Transform Your Group Insurance Business?
Gradatim transforms your group insurance journey with cutting-edge technology, delivering results in months. Our unique implementation methodology and deep domain expertise accelerate your transformation goals. Enjoy peace of mind knowing we prioritize your needs while making group insurance transformation easy and fast.
