UPM Insurance Agency Business Systems Hub

Innovative Insurers, who work closely with their Insurance Agencies, can now take advantage of technology that allows more effective collaboration through a central, shared, yet highly customisable, secure, business management system platform that brings everybody “on the same page”.

Hosted Insurance Platform

Gratex’ unique hosted platform, built on the proven and widely used Underwriting Process Management (UPM) product, allows multiple insurance agencies to run their business systems as a multi-company installation on the same platform.

As a result, insurers can significantly shorten time to market of new products, through new or existing agencies, at lower cost by bringing them on a shared platform. For start-up agencies, new products can be taken faster to market and more cost effectively market-tested. As the business grows in size and operational complexity, they can rely on a business system providing the scalability, functionality and support they need to run effective profitable operations.

Centralised, Shared Business Management System

Having a centralised, shared business management application platform in place, gives ‘certainty’ to the insurer as it delivers reliable data and reporting without complex, time consuming extraction and data manipulation routines. Utilising a single platform also ensures higher regulatory compliance where audits can be carried out faster and more easily.

Accelerated Launch of New Insurance Products

Insurers can provide the hosted business system “ as a Service “ to new the Insurance Agencies, which means that they can significantly accelerate their time to market and take advantage of customizable systems eliminating the need to procure, implement and run internal systems. As a result, a shared business systems platform allows both, Insurer and Insurance Agency, to reduce business risk and grow faster with lower operational overheads.

Accurate Reporting back to Insurer

For the relationship between insurance agencies and the insurer to be truly successful, the information they share needs to be accurate and up to date. With disparate systems and manual paper based systems, it can be challenging to work effectively together, report reliably accurate data, manage business risk and provide a competitive service to a fast changing market.

GTI Insurance Solutions

Gratex International’ (GTI) Insurance Solutions line of products leverages global and local insurance industry expertise and is working as a trusted technology partner with both, Insurance Agencies and Insurers. Our innovative business solutions deliver measurable return on investment as well as providing a scalable and flexible platform for growth.