About HDFC Life Insurance
The company offers reinsurance capacity to life insurance companies in the UAE, Bahrain, Oman and Jordan and is now in the process of expanding into other jurisdictions globally. The company offers Automatic Treaty and Facultative reinsurance that maximizes the underwriting capacity of their cedents.
Complete Implementation (with UAT)
Hours of Coding Effort
Percentage of “No-code” Implementation
- Business Process Automation
- Dynamic Case Management
- Business Rules engine
- Bulk data import and export
- Analytics and Reportings
Challenges faced by the Company
Virtuos implemented Creatio Sales Team for the company for their Quote Management process in order to digitalize the whole process and make it seamless and more efficient. The solution implemented by Virtuos helped the company in effective monitoring of Quote requests submitted by their various Business Development team members for underwriting. The auto-routing functionality for assigning Quote requests to multiple teams, like Actuary, Risk, and Underwriting, helped the company in reducing time lag in manual assignment.
The views created helped the company in better portfolio risk management, seamless underwriting and getting faster inter-team approvals.