Micro-Insurance App on Azure

With the growing digital channels, the client needed a solution for the Microinsurance platform that provides an easy and cost-effective cost of servicing and enhances analytical capabilities. The solution required to provide quotations, premium processing, policy administration, claims-based processing, and insurance accounting.

Star Knowledge proposed to define a Microservice architecture on Net MVC and proposed to use Azure as the cloud solution Additionally, the current business cases were mapped, and business logic was defined in consultation with the best practices in the industry. The entire system was defined as modular with services that ran independently and used Azure Functions. The solution in addition required to build a customer-facing portal and integrated with payment renewals, payment managements, policy generation workflows, claims portal, and annuity calculation mechanism based on the approvals. The calculations were updated and reflected on the customer portals and were also available on the admin portal.

Cloud-based solution Admin, Customer, and Agent Portals Ease of record-keeping and tracking leads, accounts, and renewals for timely extensions Ease of policy creation and annuity computation Agent commissions were easily tracked based on the deals Microarchitecture solution with ease of solution enablement Rapid development cycles for continual product improvements Multi-channel and Omni device support Analytical insights and tracking of transactional, financial, and performance data