tigerlab vs. Cloud Insurance

Cloud Insurance

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What is tigerlab?

tigerlab is an insurance software company with two product lines, each built for a different type of business. For insurance brokerages, the tigerlab Broker Management System (BMS) is an agency management system that brings clients, policies, documents, renewals and accounting into one place. It calculates commissions, creates invoices and credit notes automatically, and runs compliance checks, such as sanctions screening, that are set up for each country. Brokerages can run several countries and branches on one system and connect to market platforms including BiPRO in Germany and EcoHub in Switzerland. For insurers, MGAs and embedded insurance providers, the tiger suite (formerly i2go) provides policy administration, billing, claims management and distribution management. Each system works on its own or with the others. All tigerlab software is API-first, runs in the cloud or on-premises, and is backed by SOC 2 Type II attestation and ISO 27001 certification. Book a demo at tigerlab.com!

What is Cloud Insurance?

Cloud Insurance provides a versatile SaaS solution designed for the efficient management of insurance operations, specifically targeting managing general agents (MGAs), carriers, brokers, and innovative insurance startups, positioning itself as an essential tool instead of taking on the role of an insurer. The platform consists of nine unique modules that support the complete policy lifecycle, featuring a Product Engine that allows for quick product development and pricing, thorough management of Policies, AI-based Claims processing, efficient Distribution for onboarding partners, and strong Finance functionalities for accounting and invoicing. Moreover, it offers a Customer Relationship Management (CRM) system, automated Workflow tools that assist with underwriting and reminders, flexible Reporting dashboards, and sophisticated AI Machine Reading capabilities for streamlined document management. Policyholders enjoy a tailored Purchase Journey and a self-service My Account portal, while the inclusion of REST APIs ensures easy integration for creating customers, policies, and quotes from external systems. Cloud Insurance can be utilized as a fully integrated core system, a modular enhancement, or a minimal viable product (MVP) platform, featuring pre-configured options that cater to various lines such as travel, dental, pet, health, payment protection insurance (PPI), and sports. This adaptability empowers businesses to customize the platform according to their specific requirements and effectively scale their operations. Additionally, the comprehensive nature of these services allows organizations to enhance customer satisfaction while streamlining their internal processes.