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What is Democrance?

Reduce distribution costs by up to five times while exploring untapped markets through a partnership with Democrance, which offers micro, retail, and commercial insurance products across various sectors, including property and casualty, life, and health. Insurers can anticipate launching new products within weeks instead of months, all while automating previously manual tasks to connect seamlessly with new customer groups. Democrance provides a comprehensive platform for managing all insurance offerings, optimizing operations, and slashing average distribution costs by fivefold, potentially boosting annual sales by around 28%, thereby creating opportunities for innovative products across all business lines. Experience the rapid deployment of digital insurance solutions in just 2-6 weeks with minimal impact on your existing systems. The omnichannel features of Democrance enable access to new market segments, support for intermediaries, and options for embedded and micro-insurance exploration. Furthermore, refine your policy administration processes and dramatically cut distribution costs from 20-30% down to merely 5% of gross written premium, enhancing both efficiency and profitability. This evolution not only transforms your organization but also elevates customer satisfaction by offering more accessible insurance solutions, ultimately ensuring a stronger market position for your business. Embrace this change to stay competitive in the evolving insurance landscape.

What is DXC Insurance BPaaS?

Utilize our varied team and efficient processes, combined with a cutting-edge digital technology framework, to provide all-encompassing insurance services that range from acquiring new clients to handling claims. Many insurance companies struggle with high costs linked to outdated systems, yet they must also rapidly launch new products, swiftly enter new markets, manage compliance risks, and respond to the changing demands of their customers. Our insurance business process solutions effectively tackle these issues from both angles. We present cost-effective options for managing closed blocks, particularly those reliant on expensive legacy systems. Furthermore, we help insurers enter new markets more swiftly and improve the efficiency of innovative distribution channels, especially in the digital realm. Regardless of your specific goals, DXC is equipped with the expertise and experience to enhance your company's growth strategies, enabling you to achieve remarkable efficiency while maintaining a competitive edge. In a world where the insurance landscape is constantly evolving, our customized solutions are crafted to enable insurers not just to adapt but to flourish amidst the changes. By prioritizing innovation and agility, we ensure our clients remain at the forefront of the industry.

Media

Media

Integrations Supported

ABBYY Business Card Reader
Amazon Web Services (AWS)
Amelia
IBM Cloud
SS&C Blue Prism
ServiceNow

Integrations Supported

ABBYY Business Card Reader
Amazon Web Services (AWS)
Amelia
IBM Cloud
SS&C Blue Prism
ServiceNow

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Democrance

Company Location

United Arab Emirates

Company Website

www.democrance.com

Company Facts

Organization Name

DXC

Company Location

United States

Company Website

dxc.com/us/en/services/insurance-bpaas-and-bpo/dxc-insurance-bpaas

Categories and Features

Categories and Features

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