Digital Insurance Distribution - enabled by the Briisk ITP

The Briisk ITP helps you to automate the complete insurance value chain, at a lower cost and higher speed of legacy systems.

Solving Problems along the entire Insurance Value Chain.

Reinsurers
Insurers
UMAs & MGAs
Brokers
End-customer

Reinsurers

Pain Points:
Is end customer data difficult to obtain? Do you struggle to deploy your risk capital without aggregated data analytics?

Solution:

The Briisk insurance technology platform allows for the easy product configuration of any insurance product via the Briisk Product Builder, the linking of products to any distribution network and the brandable, end-to-end customer facing quote & buy white label interface.

Benefits:

You will be able to use aggregated data analytics to develop and easily configure new and innovative products and launch them to your ceding insurers rapidly.
With this solution, we connect you directly to the end customer and transform you into a digitally enabled, customer-focused organisation. Seeing the full data picture, you will be able to manage risks better and thereby increase your reinsurance profits.

Insurers

Pain Points:
Are your legacy policy administration systems slow and costly to change? Are they difficult to integrate with modern distribution channels?

Solution:

With Briisk, you tap into a fully digital insurance technology platform in the cloud with API integration that assimilates easily into modern distribution networks, and you break free from these legacy systems. With the Briisk Product Builder you easily configure your existing and innovative new insurance products at a fraction of the cost and speed of your incumbent core systems. You use our rating engine or we integrate with your rating engines via APIs or SMTP file transfer. We link your products with existing and new distribution networks digitally and enable digital insurance distribution via brokers, agents and point of sale persons.

Benefits:

With Briisk’s digital insurance technology platform, you reduce administration cost, launch new and innovative products within days and increase your market share and underwriting profit.

UMAs & MGAs

Pain Points:
Are your legacy policy administration systems slow and costly to change? Are they difficult to integrate with modern distribution channels?

Solution:

With the Briisk Product Builder, you can easily configure and digitise your existing insurance products. This includes short-term and long-term insurance products, from device insurance and medical insurance to life insurance and micro life savings products. You can also create and test niche products for different target groups rapidly. Using the Briisk White Label, you roll products out into your existing broker channels and you unlock new distribution channels, such point of sale person networks and enable them for digital sales and policy administration.

Benefits:

With Briisk, the entire insurance value cycle is automated for you – from policy quote and issue and premium payments; to simple FNOL claims administration and effective customer communication at all touchpoints, saving you cost and time. Enabling your broker channels digitally will cut cost and increase revenues.

Brokers

Pain Points:
Are customer onboarding and agent sales processes manual, lengthy and costly? Have you seen a drop in revenue because customers stay at home during the COVID-19 crisis and don't want to meet face-to-face?

Solution:

With the Briisk Product Builder, you can easily configure and digitise your existing insurance products, from any insurer. This includes short-term and long-term insurance products, from device insurance and medical insurance to life insurance and micro life savings products. Using the Briisk White Label, roll products out into your existing agent and point of sales person networks and enable them for digital quote and buy as well as policy administration. With our click-to-compare and click-compare-and-buy solution we aggregate with different insurer’s APIs and allow you to offer your customers convenient price comparisons and direct execution of policy sales.
This will also give your agents full control of how and when they reach out to customers. Briisk’s ITP helps you to automate your customer communications and digitise your workflows across the value chain, all regulation-compliant.

Benefits:

Digitise your insurance products and agent sales workflows rapidly, saving cost and time. Create the customer experience you want, easily and effortlessly.

End-customer

Pain points:
Is the process of buying insurance manual and frustrating? You don't want to meet face-to-face with an insurance broker? You don't want to spend hours waiting to receive a quote and then start the process all over again? Are the insurance products hard to understand, to compare and to personalise?

Solution:

With the Briisk White Label, the customer journey becomes quick and easy. No manual steps have to be involved. You can compare quotes and buy your insurance policy there and then, with one click.

Benefits:

Get your insurance policy with one click.

Briisk ITP in the Value Chain

Fully API enabled. Easy integration with any back- & front-end.

Digital insurance distribution and product configuration via Briisk ITP

Digital Insurance Product Configuration

Product Builder

The flexible product builder allows for the simple and rapid configuration of any insurance product from any insurer. You can configure your existing insurance products or any innovative new insurance product without having to spend vast budgets on software development. This ranges from the direct simple configuration of the products and usage of Briisk’s own rating engine to the more complex API enabled aggregation of products and integration with insurer’s rating engines.

Pre-configured Insurance Products

On the Briisk ITP, we make pre-configured, generalised insurance products available. Currently, there are 20+ medical, short- and long-term insurance products ready to use. Briisk’s rating and rules engine can tweak these products to your specific requirements. Thus, we reduce your product time-to-market for new insurance products. This saves cost of insurance product development and increases your revenue faster.  

Our Digital Insurance Distribution Solutions

Distribution Interfaces

Customised with your brand, you launch your insurance products via our fully digital quote & buy web and mobile distribution interfaces.
Our White Label UI/UX user front ends range from simple end-to-end quote & buy user journeys to complex click-compare-to-buy comparison websites.

Existing Distribution Channels

We help you to enable your existing distribution channels digitally, by integrating them on the Briisk ITP. With our digital distribution front-ends your brokers, partners and point of sale persons can now sell insurance products digitally and thus can scale much faster and at lower cost.

New Distribution Networks

With Briisk you get access to the continuous integration of new distribution networks. With this functionality, any insurance product can be linked with any distribution network that’s available on the Briisk ITP and vice versa. This also means, that once a new distribution channel becomes available, it becomes available to all product owners and once a new insurance product becomes available it becomes available to all distribution channels.

Become a Distribution Affiliate!

E-Commerce Affiliate

Are you an e-commerce portal and challenged by a highly competitive product portfolio? Are your margins low? Have you thought of adding financial services to your product portfolio, but are hindered by complex financial regulations? We help you add more revenue to your business. You can diversify your business by adding insurance to your product offering.
Get more info

You want to see the new way of digital insurance distribution?

Get a demo of the Briisk ITP!

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Let us give you an overview of the Briisk ITP and how it can improve your business processes.
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+44 1923 750310
sales@briisk.io
Briisk Limited, 27 Old Gloucester Street, London WC1N 3AX, United Kingdom
+91 8008 360077
sales@briisk.io
Briisk Limited, 23, Gokul Brindavanam, Bachupally, Hyderabad, India-500043
+27 83 321 9369
sales@briisk.io
Briisk Limited, 2 Fir Street, Observatory 1st Floor, Block B, North Park, Black River Park, Cape Town, 7925, South Africa
(C) Briisk 2022. All Rights Reserved. 
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