Award Applications

We should win this award because we have developed a solution that is first of its kind in the insurance industry. A USSD solution that allows clients/customers buy motor third party insurance by dialing a code *931*11#. KYC and Motor credentials are requested and authenticity of information verified in seconds, payment is done on mobile phone and certificate received on mobile phone in less than five minutes, with an end to end integration with on premise core applcation and all underwriting, reinsurance and accounting processes done in less than five minutes on the on-premise core application. All the processes carried out within the five minutes include the uderlisted:
Client Registration----
Policy Registration---
Agency Registration---
Motor Schedule Registration---
Certificate Generation--
Debit Note generation---
Reinsurance Apportionment---
Post Debit Note to Trial Balance--
Generate Receipt Number---
Post Receipt Amount to Trial Balance--
Matching of Debit Note Number to Receipt Number---

All processes are carried out without human intervention, elliminating the need for an underwriters input.

Policy processing is triggered by payment, This means that no payment, no policy.
For successful payment, code debits customer and credits our company account.

We believe that with this innovative application, we can have reduced process time, work force requirement and saved cost tremendously.