Prima Options, a worldwide insurtech group that designs software program options for insurance coverage and reinsurance professionals in North America, Europe, and Asia-Pacific, declares the discharge of model 9.6 of Prima P&C, its cloud-based P&C insurance coverage product administration and distribution platform. This new model includes a main redesign of how Group insurance policies and bodily damage claims are managed. It additionally extra simply integrates Prima P&C into insurance coverage firm ecosystems with the event of a giant API library. Prima P&C is natively related by API to Prima Pilot, the brand new insurance coverage enterprise administration software program from Prima Options for implementing end-to-end managed administration processes.
“The pandemic is stepping up the digitalization of the insurance coverage sector. Because of teleworking, cloud-based options, and public API-enabled software program integration, insurers can proceed working in instances of disaster. This reinforces our strategic imaginative and prescient for the options we develop for the insurance coverage sector,” stated Hugues Delannoy, President of Prima Options.
A serious plan for a whole and unified Prima Options software program suite
In early 2019, following a number of strategic acquisitions, Prima Options launched an bold plan to revamp and standardize its administration platforms, a plan that has been enormously accelerated in latest months. It has two key goals: to standardize interfaces between options throughout the Prima Options software program suite and to enhance the usability of every resolution for a greater person expertise. This in depth plan is on the coronary heart of each new Prima Options software program launch and has already improved many functions, together with Prima P&C.
The plan additionally consists of the event of a giant API library that makes it simpler for options throughout the Prima Options software program suite to combine with one another and with all the insurance coverage firm ecosystem. Prima Pilot, the brand new real-time insurance coverage administration software program, natively integrates with merchandise within the Prima Options software program suite and all third-party administration functions.
The Group coverage lifecycle totally managed in Prima P&C
The brand new model of Prima P&C features a new complete module for managing Group insurance policies, together with vehicle fleets and actual property holdings. This module now manages all the lifecycle of insurance policies independently, whatever the variety of insurance policies or the kind of group.
An all-new option to handle pile-ups and private accidents
Prima P&C’s full redesign of the administration of pile-ups and private accidents supplies superior intuitive complete administration for complicated property and private damage claims. Impressed by buyer workshops, a model new manner of working has emerged.
It’s now attainable to handle all phases of a private damage declare inside a single file. Accidents can simply be evaluated utilizing a customizable engine to find out the provisioning when opening bodily damage sub-files, primarily based on the sufferer’s accidents.
Lastly, all automobile reporting tunnels have been reviewed to simplify the opening and entry of claims for elevated productiveness and a greater buyer expertise.