Quoting Solutions
SMARTS™ Application for Insurance
Insurance Quoting Software Challenges
In today’s digital world, customer experience is more important than ever. With the advent of insurance quoting software and tools, agencies and insurers can streamline the quoting process. However, many firms are finding that their approach to automation is too opaque, rigid, and cumbersome to manage.
This is why leading insurance firms are turning to SMARTS™ to transform their quoting. SMARTS™ is a modern, enterprise-level, application-agnostic, decision-management platform that enables non-technical analysts and SMEs to easily automate, manage, and continuously improve business-critical decisions in daily operations, such as quoting decisions, in a manner that is transparent, flexible, and scalable.
SMARTS™ Benefits:
- Simplify the data collection process to deliver a seamless customer experience
- Reduce redundancies and errors to make more accurate quotes fast
- Minimize fraud risk and ensure compliance
Future-Proof Insurance Quoting with SMARTS™
Manage Insurance Quoting Complexity
Used in conjunction with existing insurance quoting software or as a replacement, SMARTS™ provides a host of tools and capabilities for agents and business analysts to manage eligibility criteria and pricing models of multiple carriers and products with minimal IT resources.
Rules Authoring:
SMARTS™ enables agents and business users to easily author, organize, test, and deploy quoting logic, including rating tables and calculators without code. Rules can be reused, speeding up the process to launch new carriers and products. In addition, we provide the tools that make it easy to migrate existing rules from legacy systems into SMARTS™. As a result, migration and validation of millions of rules can be completed in a matter of weeks. Learn more about SMARTS™ Rules Authoring capabilities.
Low-Code, No-Code:
SMARTS™ not only provides the tools to automate quoting logic and workflows but also provides the tools to create visualizations and user interfaces to make it easier for non-technical agents and business users to manage quoting logic and workflows. In addition, insurance firms can create dynamic, customer-facing interfaces to personalize and simplify the data collection process for generating a quote. Learn more about SMARTS™ Low-Code, No-Code capabilities.
AI & ModelOps:
SMARTS™ enables agents and business users to leverage both explicit rules and AI in quoting logic. Import and customize predictive models, trigger machine learning tasks, test different strategies, and much more. Learn more about SMARTS™ AI & ModelOps capabilities.
Decision Analytics:
SMARTS™ enables agents and business users to monitor, measure, and continuously improve quoting outcomes through customizable dashboards, simulations, and alerts. Learn more about SMARTS™ Decision Analytics capabilities.
Lifecycle Management:
SMARTS™ enables agents and business users to manage quoting decisions throughout their entire lifecycle transparently and securely with SMARTS™. Learn more about SMARTS™ Lifecycle Management capabilities.
SMARTS™ modern architecture fits any ecosystem and provides everything you need to achieve high performance, security, and scalability. Learn more about SMARTS™ Technical Architecture.