Edelweiss General Insurance launches IPOS, an end to end partner onboarding solution
Mumbai, May 18, 2021: InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another indus try first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for all its existing and prospective partners including Agents, Brokers and Web Aggregators. EGI and its partners stand to gain through improved throughput and enhanced efficiency using this digital platform, which would entail minimal manual intervention.
IPOS will enable the sales workforce to create or upload any number of prospects in real time, with the ability to scrutinise, approve and digitally process them with greater efficiency. IPOS has been envisioned to address the protracted time taken to onboard agents. It can help complete the whole process in under 24 hours! The digital platform allows the partner to undergo a DIY journey of uploading the documents and initiating the onboarding process with EGI.
Commenting on the launch, Rakesh Kaul, Chief Distribution Officer, Edelweiss General Insurance, said, “We are proud to come up with industry first solutions. IPOS is an end to end partner onboarding platform with intuitive and easy to use interface along with tight integration with our core systems. It is a DIY journey for a partner rig ht from uploading documents, initiating onboarding, training, examination, etc. The objective here is to com pletely digitise a partner’s journey and bring in more efficiency.”
IPOS is a unified portal for all partner related onboarding require ments. It has multiple features like easy visual isation capabilities, a built-in learning system where partners can take up practice te sts. The platform has taken care of privacy and data security req uirements. It will also allow for more accurate data filing with the regulator. Overall, a digital platform that empowers partners and enhances their experience, resulting in a self-guiding onb oarding journey.
EGI recently launched an Open API Gateway to strengthen digital capabilities of its partners and facilitate comp lete digital collaboration with them. It is the first of its kind by any General Insurance company in India. The pla tform will bring in transparency and enhance the experience for insurance partners who seek to access EGI’s ser vices to provide a seamless journey to customers. The gateway will offer quicker integration with EGI services an d policies with a shortened integration cycle, both time and cost-wise.
About Edelweiss General Insurance:
Edelweiss General Insurance (EGI) is one of India’s fastest growing InsurTech startups, which started operations in February 2018, with a digital operating model and a vision to help people lead happier, safer and healthier liv es. The company aims to deliver innovative solutions to customers through a digital operating model leveraging data and analytics. EGI is creating an ‘Insurance as a service’ platform with a plug and play API gateway that ena bles easy integration with third parties. It provides customer insights and paperless experience with technology-powered execution and AI & ML driven processes. This is what differentiates EGI in the Indian Insurance Market.
Visit us: www.edelweissinsurance.com
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For further information, please contact:
Renuka Bhide| renuka.bhide@edelweissfin.com| +919819553192
Edelweiss General Insurance Company Limited | Regd. Office: Edelweiss House, Off CST Road, Kalina, Mumbai 400098 | www.edelweissinsurance.com |support@edelweissinsurance.com | TOLL FREE: 1800 12000 Landline: +91 22 4231 0000 (Call charges applicable | CIN: U66000MH2016PLC273758 | IRDAI Regn. No. 159 | Tradema rk and logo displayed belongs to Edelweiss Financial Services Limited and is used by Edelweiss General Insurance Company Limited under license. All rights reserved.
