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Full-Cycle Insurance
 

Our Core Insurance Product provides everything required for a robust insurance system

At CoverKraft, we understand the complexities of managing insurance operations throughout the entire lifecycle. Our full-cycle insurance solutions provide comprehensive coverage from new business to mid-term adjustments, renewals, lapses, and cancellations. Streamline your processes and enhance efficiency with our powerful platform.

 

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Core Insurance Product

Offers full-cycle insurance coverage with custom-designed certificates and fraud protection.

New Business
  • Streamlined Onboarding: Effortlessly onboard new clients and policies with our intuitive platform.
  • Policy Issuance: Generate and issue policies seamlessly, ensuring accurate coverage details and documentation.
  • Underwriting Support: Access robust underwriting tools and data to make informed decisions quickly.
  • Automated Quoting: Generate accurate quotes based on client information and coverage requirements.
Mid-Term Adjustments (MTAs)
  • Policy Modifications: Easily make changes to policies, such as adjusting coverage limits or adding additional insured parties.
  • Endorsements and Add-ons: Efficiently process endorsements and offer add-on coverage options to meet evolving client needs.
  • Documentation Updates: Automatically update policy documentation to reflect mid-term changes and ensure accuracy.
Renewals
  • Automated Renewal Reminders: Never miss a policy renewal with our automated reminder system, keeping you and your clients informed.
  • Seamless Renewal Process: Streamline the renewal process, enabling clients to continue coverage seamlessly.
  • Pricing and Rating Updates: Easily update pricing and rating information for renewals based on market trends and policy history.
Lapses
  • Policy Monitoring: Proactively track policy status to identify potential lapses and take appropriate actions.
  • Policy Reinstatement: Streamline the reinstatement process for lapsed policies, ensuring uninterrupted coverage for clients.
  • Lapse Notifications: Receive alerts and notifications to take prompt action in case of potential policy lapses.
Cancellations
  • Cancellation Requests: Process cancellation requests smoothly, ensuring compliance with policy terms and regulations.
  • Refund Calculations: Automatically calculate refunds based on cancellation date and policy terms.
  • Documentation and Reporting: Generate cancellation documentation and reports for accurate record-keeping.
Insurance Renewal

Comprehesive Full-Cycle Insurance

CoverKraft's full-cycle insurance solutions provide a comprehensive and seamless experience for insurance operations. From new business acquisition to mid-term adjustments, renewals, lapses, and cancellations, our platform empowers you to streamline processes, enhance efficiency, and deliver exceptional service to your clients.

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