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Digital Contracts

Digital Contracts

Re-Imagining Insurance Policy Contracts

Every day, around the world, insurers create millions of individual policies for customers in much the same way they have for decades. This involves:

Assembling the “Packet”

Creating these contracts is a semi-manual document management process of inserting data into a packet of placeholders that represent the pages of a Policy.
These include:
  • Variable data – personal information, schedules, beneficiaries, etc.
  • Static content – standard policy information, images, statutory requirements
  • Jurisdictional data – information specific to a region

Once assembled, the contract is converted to PDF and emailed to the customer.

End-to end, this semi-manual process can take 3 or 4 days.

It doesn’t have to be this way.

The Solution

Introducing Policy Power by 1WordFlow
Dynamic Contract Creation in Minutes

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For the Insurer, Policy Power creates a Policy in 5 minutes
and delivers a significant ROI.
For the Policyholder, the Customer Experience is transformed. A customer simply logs into the Insurer’s Portal, to instantly access their policy in web format. No more downloads or endless scrolling. There’s an easy print option to satisfy regulatory requirements.

Here’s how it works:

A Truly Digital Customer Experience

Instant Access to a Digital Contract

No more waiting for a PDF contract attached to an emai

All Contracts in a Single Website

Customers simply login to a secure portal to access all their policies

No More Downloads

No more long PDF Contracts attached to emails. Policy Power delivers each Contract as a website

Significant Cost Savings for the Insurer

Removes manual processes from contract production

LIFE
P&C
HEALTH

Works for All Types of Insurance

Creates insurance policies for all categories of insurance

Cloud Based

Policy Power is fast to implement, scalable and available now

Transform Your Insurance Policy Delivery with Policy Power 

Transform the customer experience with Digital Insurance Contracts – our cloud based service is fast to implement.

Thank You. We will be in touch directly to schedule your demo.

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