The Briisk ITP automates the entire insurance value chain, at a lower cost and higher speed than legacy systems. Configure digital products quickly, launch branded digital customer journeys with high conversion, decrease your cost and increase your revenue. The best insurance software solution for your digital transformation.
A detailed overview of all the modules included in the Briisk Instant Transaction Platform.
Organisation & Networks Module
Product owners can create networks with participants in their insurance value chain, from reinsurer to distribution channels, such as payment services providers or point of sale person networks. They can invite participants to their network and offer their products to other networks on the Briisk ITP.
The flexible Product Builder allows 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.
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.
Briisk acts as aggregator, bringing together insurers and distribution channels to offer innovative products to end consumers at speed. Our intuitive configurable platform enables the simple configuration of a variety of products and allows experimentation through rapid iterative MVP product versions to take the guess work out of what products customers really need.
The Briisk ITP allows for policy creation, policy wording upload, premium determination and policy benefits upload. The following underwriting steps are supported: quote & buy; quote, advice & buy; quote, underwrite & buy; and quote, advice, underwrite and buy. Briisk integrates with Zendesk and any other customer service software and your broker and customer service call centres.
Customer Communications Module
The Briisk ITP provides email, bulk SMS and WhatsApp notification services to ensure that the end customer is kept informed, with all regulatory notification requirements complied with, as and when required. Full CMS functionality allows for branded email templates.
The Briisk ITP provides for single and on-demand premium collection with various payment methods and integration with any payment services provider of your choice. Recurring premium collection is on the roadmap for the Briisk ITP V2.1 release.
Policy Administration Module
You can view quoted and created policies. Policy amendments and renewals are on the roadmap for the Briisk ITP V2.1 release.
The Briisk ITP provides Bordereaux reporting (BDX) standard management reporting and dashboards.
Integrations and Interfaces Module
We will integrate with your core system via API or via SMTP. The Briisk platform is fully API-enabled, allowing for integration of third party systems to provide additional functionality in the insurance value chain. We will integrate with your complex rating and rules engines or your CRM systems. Additionally, we can provide dedicated engineers to assist your team with integration.
The Briisk ITP provides First Notification of Loss (FNOL). A pre-configured work-flow for a simple claims process is planned for the Briisk ITP V2.2 release.
The credit module offers a pre-configured workflow with affordability testing and built in algorithms. The workflow includes full loan issuance and loan management using the Compuloan loan management software, customer-payment agreement and the payment which is made to the merchant directly.
"The Briisk platform allowed Kotak Life Insurance to take its sachet-size life covers into the rural heartlands of India, quickly and effectively. The simple UI ensured that even first time users did not find much of a hassle to complete the online journey conveniently. The platform is scalable and can accommodate multiple partners and products. Many of the features can be parameterized, which makes customization super easy. And complementing the brilliant platform is a team that is prompt, responsive, understands the business side and adds value in the solutioning part as well. It is a pleasure to have Briisk as our InsurTech partner.”
Dibyendu Nandi, Head Rural & Mass Market, Kotak Life
The Briisk ITP insurance software is fully API enabled. This means that we give you access our code through a surface layer that permits the use of the unique functionality of the Briisk ITP. The functionality is segregated into a series of independent services. All functionality is exposed through a common set of REST APIs that are used by Briisk applications like white labels, mobile apps and insurance administration portals.
You can provide your C# product ratings, rules and validation code directly into the Briisk ITP. Run tests in the platform to experiment with various pricing scenarios before making your product publicly available.
Have a look at the problems we solved.
Insurance software for your digital transformation.