Assure- Digi Insurance Bancassurance Digital Platform Qorus Innovation in Insurance Awards 2022

Submitted by

Mashreq Bank

Premium

13/04/2022 Insurance Innovation

Assure-Digi Insurance is first in the region which is fully digital, offering quicker end to end Bancassurance journey processing. The system is cloud based with open APIs that will facilitate the ecosystem expansion in the future.

Innovation details

Country
United Arab EmiratesCategory
Connected Ecosystems & MarketplacesKeyword
Bancassurance

Innovation presentation

With this development the entire workflow for new business, requirement management, supervisory checks application review, servicing and reporting is automated. The end to end customer journey from lead generation till the policy issuance has been automated and the efficiencies have improved by 80% . Application process time has reduced from 20 hrs to 4 hrs.

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