Support for integrated banking and insurance services.
Asseco Bank Assurance enables banks to handle all processes involved in the development and operation of a network for selling integrated banking and insurance services in cooperation with third-party service vendors. It provides assistance in organizing and managing the distribution of insurance products through the bank’s network. Bank Assurance allows banks to expand their offering with new services related to the insurance sector. It supports the sales processes by providing tools for the pricing of insurance premiums, printing of insurance policies and their after-sales servicing. The billing and settlements module allows for the automation of processes in this area.
Functionality
The functionality of Bank Assurance covers all processes involved in the offering and management of insurance products by a bank:
Pricing of insurance premiums
After-sales servicing of insurance policies
Handling of settlements between the bank and cooperating insurance companies
System of business reports
Reporting to the Financial Supervision Authority
Key features
Unification of the sales process.
The system allows for the unification of distributed banking and insurance processes by providing a common source of data on customers, direct access to information about banking products related to insurance, a common system for managing the bank’s organizational structure, as well as a uniform mechanism for setting up user permissions.
Process organization.
The solution supports the entire process of selling insurance products through the bank’s distribution network, starting from the pricing of insurance products, through the provision of after-sales services, execution of settlements between the bank and cooperating insurers, till the preparation of business reports and mandatory reporting to the Financial Supervision Authority.
Security.
User access to the application is controlled with the help of encrypted passwords that are stored in the database. The application resources can be accessed depending on individual user permissions, in accordance with their system roles. The assigned roles allow users to run specific modules of the application. In addition, every role is allocated to a certain level within the hierarchy of the bank’s organizational structure. This means each user has a limited access to the data presented in generated reports. The exchange of data between the bank and external systems of cooperating financial institutions is implemented using the Secure Shell (SSH) protocol.
Reporting.
Data on the concluded insurance contracts that are transmitted to the financial supervision institutions include updated information on persons acting as insurance intermediaries, details of third-party liability policies, as well as the customer’s consent to the processing of personal data sent to insurance companies as required by regulatory authorities.
References
BZWBK (Kredyt Bank)
Contact
Napisz do nas
Zapoznaj się z całą naszą ofertą w obszarze Business Intelligence
Asseco Poland has signed an agreement with Giełda Papierów Wartościowych w Warszawie S.A. (Warsaw Stock Exchange – GPW) for the implementation and the launch of the PROMAK TS system - one of the most modern solutions for financial instruments trading that meets the requirements of the EU MIFID II Directive. The system will be launched during the first session day in 2018.
The CEO of Asseco was ranked as one of the top managers of the "Most Effective CEOs in 2016" in the category of companies from the WIG 20 index. The rank shows that at the Warsaw Stock Exchange, the companies which are managed by their founders and owners achieve the best results. The list was prepared by the editorial staff of Harvard Business Review and Dom Maklerski TMS Brokers in cooperation with the Association of Individual Investors (SII). The rank was prepared on the basis of four main criteria: return rate for shareholders, capitalization, company transparency, and financial ratios.
The functionality of Bank Assurance covers all processes involved in the offering and management of insurance products by a bank:
