How C2MS Cloud Insurance Software can help your MGA business
C2MS is a proven and innovative InsurTech Cloud Insurance Software sales, claims and administration platform, designed for Commercial and Personal Lines Insurance. C2MS Cloud Insurance Software is specifically engineered to make it easier and more profitable for Managing General Agents to do business via the Internet and add value to traditional Insurance channels.
It is evident that significant business advantage can be gained by introducing innovative transaction and self-service automation to Commercial Lines business, this has been witnessed by the increased automation of Personal Lines over recent years, and the access to new markets that this has enabled.
C2MS comes preconfigured with hundreds of MGA specific workflows and functions for policy management, accounting, customer management, broker networks and general business processes.
By harnessing the power of Cloud technology, C2MS can scale from a small efficient setup, to a large autoscaled environment, capable of processing millions of policies, reliably, with predicable costs.
Cloud Insurance Software for Success
Key to the success of C2MS Cloud Insurance Software, is its ability to simplify commercial and personal lines transactions and policy administration for all users, while increasing productivity and reducing transaction costs.
This is achieved by providing enhanced levels of transaction automation and self-service facilities, which speeds up the trading process and enhances communications.
The increases in efficiency brought by C2MS can translate to an increase in capacity, by improved productivity. This provides the opportunity to grow revenue by utilising the excess capacity to explore new channels or bring new products to market quickly.
Individual Service Modules or Complete Cloud Insurance Software Solution
C2MS may be implemented as a complete Cloud Insurance Software solution for end-to-end transactions and full policy lifecycle administration, or deployed in modules to add additional functionality to existing Insurance systems. In this way, the life of a legacy system may be extended or replacement may be undertaken in stages.
How C2MS can help your business
Website Portals
Bring new and existing products to market through various sales channels; self-service portals, mobile apps, broker networks, aggregator websites, White Label schemes or direct to market.
Broker, Agent and Consumer CRM
Powerful CRM tools to manage Brokers, Agents and Consumers. Automate renewal invitations, provide web logins and self-service facilities. Manage relationships between accounts and assign account managers.
Aggregator Support
Seamlessly integrate with leading aggregators using C2MS APIs and surface rating engine services which provide real time quotes. Connected to MoneySuperMarket, GoCompare, Compare the Market, Confused.com and more.
Powerful Product Configurator
Using powerful GUI tools, create and configure Products from the data modelling steps through to validation, logic and mapping for web services and reporting.
Policy Life-Cycle & Administration
Handle business from the initial quote through to renewal, supporting all types of BTE and ATE Insurance. Automation tools assist with administration of renewals and lapsed policies.
Securely Process Payments
Securely process various forms of payments directly within C2MS, both within quote and buy portals and backoffice, including credit and debit cards, BACS, direct debit and premium finance.
Powerful Commission Engine
Fully configurable commission rules, based on product, insurer, channel and more. Automation of commission schedules and even support for splitting commission payments in various ways, over a set period.
Underwriting Tools
A full suite of tools to manage ratings, matrices, equations, referrals and business logic. Change rules and rates in real time and setup individualised rates per channel and/or customer.
Accounting
A fully integrated, double-entry transactional accounting system, designed to streamline and automate complex accounting workflows. Additional workflows can be added to partially or fully automate many accounting functions.
Reporting
Pre-created real-time and customisable reports for common tasks (Accounting, Marketing, Sales, Debtors, Claims, Renewals, Logs, Agents & Brokers and more...). Support for 3rd party tools such as AWS Quicksight and Microsoft PowerBI.
Claims Management
Complete claim life-cycle, from FNOL through to reimbursement. Manage claims using a variety of tools, including Mobile App technology for submission, dedicated claims portals for agents, brokers and claims administrators.
Document Management
Creation of documents and emails from predefined templates, based on workflows and events. Self-manage all document and email content.
PaaS - Platform-as-a-Service
C2MS is Cloud Ready, supporting all major Cloud hosting providers, but can also be run On-Premise. C2MS operates within a containerised environment, typically running on Kubernetes. No customer data is shared between environments.
API-Centric
Providing real-time connections and feeds to and from third parties; whether aggregators, postcode lookup, car registration lookup, flood, KYC, risk databases or partners. REST based protocols are supported.
Advanced Security for Data Protection
Single Sign-On and 2-Factor Authentication services, provided by AuthStack and MFAStack, enables the latest in security and data protection technologies for your users and customers.
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