Australian consulting and technology company, DB Results, has developed, delivered, and implemented a cloud-native, low-code, and low-complexity Policy Administration System for the insurance sector, which it notes has been designed in collaboration with industry experts.
DB Results says it is bringing its PAS ecosystem to customers spanning life, general, health, and group insurance “…successfully launching with a leading, global life insurance provider.”
The company says the PAS can be implemented within three months “…and targets a two-year ROI against incumbent technologies.”
Matt Nidd, Chief Delivery Officer and Financial Services Sector lead at DB Results, says that incorporating robust security measures, the regulator-approved solution has been purpose-built and engineered to meet the needs of the insurance sector and can be custom-designed for providers.
He says the firm’s PAS ecosystem “…is an innovative, secure, modern ecosystem streamlining compliance, supporting real-time transactions, and enhancing customer experience and automation. The PAS is also scalable, giving control to the customer to configure a bespoke experience and … make changes and add additional products.”
The firm has more than 20 years of experience delivering digital solutions within the Australian insurance and financial services sector.
