White Label

White Label Ecosystem

White Label is an insurance core system for life and non-life insurance.

White Label supports insurance business processes: from products modelling offered through the sales path, premium calculation and policy handling, to claims.

Gazeta Bankowa
Hit of the Year award in 2018 in the technological competition of "Gazeta Bankowa" in the category of "Insurance and Other Financial Institutions"

International background

White Label is based on knowledge and experience of the Altkom Group gained in previous international core systems deployments for insurance companies. We have been implementing solutions for Clients from Europe and America since 2002.

White Label is based on the following project areas where we have gained international experience:

  • 9 implementations in 6 countries of core life, non-life and health system.
  • 4 implementations of motor claims system.
  • 2 implementations (exclusive licence) of bancassurance core system.
  • Broker portal for handling group policies.
  • Direct sales portals.

The system derives from lessons learned during previous projects. Our strengths are:

  • Understanding the specificity of international Customer market.
  • Knowledge of legal and regulatory requirements in different countries.
  • Consistent working standards in relations with Customer teams.
  • Ability to work in multicultural, dispersed project teams.
International insurance

White Label Modules

Product Modules

Product Configuration
Product Configuration
 Więcej
Sales Front End
Sales Front End
 Więcej
Pricing
Pricing
 Więcej

Claims Module

legal cases
Claims, subrogation, legal cases
 Więcej

Operations Modules

Effective Date of Operation
Possibility to perform all operations simultaneously (e.g. uninterrupted sales of products during the month closing process).

Automatic Process Management
In case of incorrectly performed operation – access to business and technical logs with possibility to re-execute the process.

Operation withdrawal
Possibility to undo any operation caused by user error (e.g. incorrect annex, policy termination). Every withdrawn operation is registered in the system for audit purposes.

plicy
Policy administration and Electronic Archives
 Więcej
Debt collection
Debt collection
 Więcej
Document flows and correspondence
Document flows and correspondence
 Więcej

Accounting and finance Modules

Subsidiary ledger
Subsidiary ledger
 Więcej
Premiums and settlements
Premiums and settlements
 Więcej
Commission and sales structure
Commission and sales structure
 Więcej
Calculation engine
Calculation engine
 Więcej

Co-insurance and reinsurance Modules

Co-insurance and reinsurance
Co-insurance and reinsurance
 Więcej

Reporting Modules

Reporting
Reporting
 Więcej

Key features of our solution

1.

SIMPLE and INTUITIVE = no training required!

  • friendly for professional and „amateur” sales rep
2.

RELIABLE = 24/7

  • performing hundreds of calculations per hour
  • modelled on banking standards of availability and reliability
3.

SALES FIRST = sell from tomorrow!

  • present multiple products on sales front-end (e.g. seasonal or for professional groups) based on one actuarial definition
  • just 1 day time-to-market for new product launch on sales front-end
4.

TIME-TO-MARKET = 1-3 months!

  • for one of our Customers new tourist product in direct channel was implemented in 2 months (incl. integration with external core)
  • for another Customer average time for implementation of 7 products was 1,7 months/product
5.

TIME TO OFFER = max. 30sec.!

  • motor insurance pricing requires only 2 data (plate number and postal code) or QR code scan from vehicle registration certificate
  • calculations volume has been doubled in the same sales channel within just 3 months after go-live
6.

TIME TO ISSUE POLICY = max. 3min.!

  • sales process for motor insurance ends with payment via e.g. cash, bank transfer, credit card, financial services provider
7.

FREEDOM OF CHOICE

  • presents offer of different products (or brands) based on multi-calculation
  • conversion ratio growth for new business by several dozen %
  • based on data presented above similar renewal ratio growth is predicted
8.

OPEN BUSINESS ARCHITECTURE

  • insurance products of different companies (brands) can be sold within one sales path
  • additional revenue thanks to: in-house riders added to third-party insurance products, risks bundled from different insurance companies and more attractive, extended product range
9.

MODULARITY and COMPLETENESS (end2end)

  • the only system that supports entire insurance activity range
  • fragmentarily, in a range of needed functionalities
10.

PARAMETRIZATION

  • sales path configuration without IT specialists involvement
  • separate sales front branding for different channels and partners
  • numerous of user-friendly configuration tools
11.

IMPLEMENTATION TIME = max 1 year!

  • sales via front-end in 2-6 months
  • full core implementation in about 1 year
12.

SaaS & CLOUDING - CAPEX vs. OPEX

  • project can be purely „business”, without investment costs
  • possible implementation scenarios: cloud, hosting, on-premises
  • choice of licensing models: subscription (period fee), for system events (SaaS, pay as you use), classic implementation agreement
13.

MODERN TECHNOLOGY

  • latest, stable versions of software components and technologies
  • security of development and maintenance
  • independence from Altkom (ASC)
14.

WEB INTERFACE

  • work from any place through web browser
  • front-, back-office web interface
  • external partners portals
15.

CREDENTIALS

  • production references on request

Success story

ubezpieczenia pocztowe
Description of Customer’s problem

Description of Customer’s problem

Due to launching of insurance activity in life as well as significant remodelling and development in non-life branch, the decision has been made to replace two legacy systems with Altkom’s White Label solution.

Description of Customer’s problem
Challenges

Challenges

Fulfilling business and technical needs:

  • life and non-life products available in one front-end
  • sales of motor products of different co-insurers on one sales path
  • new sales path configuration within few days
  • new product implementation in 1-2 months
  • system reliability in performing hundreds of calculations per hour
  • simplicity for mass selling in postal branches (without dedicated training)
  • perform data migration process in a way that provides business operational continuity
Delivery

Delivery

White Label core system was implemented to fully support front- and back-office insurance processes for life and non-life companies, policy migration from legacy systems and insurance products parameterisation. White Label was delivered with modern front-ends that enable to configure sales paths based on product definitions from the modeller.

Delivery
Choosing a system

Choosing a system

Quoting Jacek Jabłoński, IT Director from Post Insurer:

“After market research and analysis, we have decided to choose Altkom’s insurance system. The decision was mainly driven by completeness of the solution (end2end), ease of its adaptation to our business model as well as provider flexibility in supporting our needs.”
[…]
The main reason why we chose Altkom was its long-term experience in providing IT solutions dedicated to insurance market.”

Strategic Advances

Strategic Advances

  • Provides all modules and functionalities needed to run a modern insurance business (end2end solution)
  • Performs multi-calculation and presents immediately offers for different products or brands
  • Minimises time to offer – first calculation in 30 seconds
  • Minimises time to issue policy – process completed in less than 3 minutes
  • Minimises time-to-market – products ready to sell in one month
  • Sells insurance products of different insurance brands in one front-end and within one unified sales path
  • Web-based interface – ability to work from anywhere (multiple locations of the company)
Strategic Advances

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Contact us

ALTKOM SOFTWARE & CONSULTING Sp. z o.o.

ul. Chłodna 51, 00-867 Warszawa
Telefon: (+48) 22 460 99 31
E-mail: asc@altkomsoftware.pl
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 *Wyrażam zgodę na przetwarzanie moich danych osobowych dla potrzeb procesu realizacji zgłoszenia przez Altkom Software & Consulting Sp. z o.o., ul. Chłodna 51, 00-867 Warszawa, zgodnie z Rozporządzeniem Parlamentu Europejskiego i Rady (UE) 2016/679 z dnia 27 kwietnia 2016 r. w sprawie ochrony osób fizycznych w związku z przetwarzaniem danych osobowych i w sprawie swobodnego przepływu takich danych („RODO”). Podanie danych jest dobrowolne, ale niezbędne do realizacji zgłoszenia. Świadom(a) jestem faktu, że przysługuje mi prawo cofnięcia zgody na przetwarzanie moich danych, ich sprostowania, usunięcia czy ograniczenia przetwarzania. Kontakt do inspektora ochrony danych osobowych w Altkom: iodo@altkom.pl
 Wyrażam zgodę na przetwarzanie moich danych osobowych w celach marketingowych przez Altkom Software & Consulting Sp. z o.o., ul. Chłodna 51, 00-867 Warszawa oraz otrzymywanie informacji handlowych drogą elektroniczną na adres e-mail i numer telefonu podany przeze mnie, zgodnie z Rozporządzeniem Parlamentu Europejskiego i Rady (UE) 2016/679 z dnia 27 kwietnia 2016 r. w sprawie ochrony osób fizycznych w związku z przetwarzaniem danych osobowych i w sprawie swobodnego przepływu takich danych („RODO”), oraz Ustawy z dnia 18 lipca 2002 r. o świadczeniu usług drogą elektroniczną. Wyrażenie zgody jest dobrowolne. Świadom(a) jestem faktu, że przysługuje mi prawo cofnięcia zgody na przetwarzanie moich danych, ich sprostowania, usunięcia czy ograniczenia przetwarzania. Kontakt do inspektora ochrony danych osobowych w Altkom: iodo@altkom.pl