“Co-creating digital excellence in Insurance Industry while preventing frauds”

SwiftAnt has succeeded in coming up with a digital insurance platform, that has made the process of insuring a vehicle very simple. The only thing certain about life is uncertainty! That’s just why insurance should be easy to purchase, access and claim. With the help of SwiftAnt’s application, any person can take up an insurance policy for their vehicle on the go. SwiftAnt endorses a 1-week proof of concept which includes a hybrid session of assessment and a workshop for simplifying the motor insurance experience by bringing in digitalization. Our digital Motor Insurance platform is built on Microsoft Azure platform, including Azure App service, Azure SQL, Azure Cognitive services, Azure API Management, Azure Blockchain and Microsoft Logic Apps.

The features of the application include:

· Applying for new Motor Insurance (USSD / Smart Phone enabled) — increase the Direct Insurance (vs losing money in other indirect channels)

· Digitalization of records with Azure immutable blobs and Azure Blockchain.

· Fraud Prevention checks during Policy issuance process.

· Claim Registration Automation.

Target audience is Business & Technical leaders and is held apt mix of in-person meetings and online sessions. Businesses will get benefited by rapid Digitalization, which leads to significant reduction in per transaction cost, increase in policy holders and more importantly increasing end customer satisfaction. Additionally, businesses will easily be benefited by implementation of new trends like Usage Based Insurance (UBI).

As part of this workshop we first asses the challenges the customer is facing, as-is processes map the to-be processes. With our expertise in Insurance domain we provide the Proof of concept with roadmap for implementation at the end of the week.

This also provides an in-depth knowledge of following Microsoft solutions

· Azure Blockchain

· Microsoft Cognitive services + Custom Vision

· Power BI

Following are the schedule for the POC sessions

· Day 1: Workshop with assessment.

· Day 2: Prototyping & Validations.

· Day 3: Customize the base product + Integrate Microsoft cognitive solutions.

· Day 4: Demo & Hands-On experimentation with business users + Fine tuning.

· Day 5: Roadmap for enterprise deployment.