PGB - Technologies

Benefits

Helping you transform your traditional business

Financial Transformation

While many insurers are still relying on fragmented, homegrown transactional systems to run core processes, new regulations, such as IFRS 9, IFRS 17, and LDTI, are necessitating change. Financial transformation can help you manage complex financials, profitability, risk, and compliance in real time and based on best-practice business content.

Omnichannel Interaction

To meet high customer expectations and avoid turnover, insurers must leverage all omnichannel interactions. Real-time data can help you provide personal, in-the-moment interactions whenever and however customers engage to optimize experiences across all touch points, including agent, broker, bank, online, and price comparison websites.

Responsive Workforce

Insurers must attract and retain top talent, such as data scientists, claims adjusters, and actuaries, both internally and externally in a distributed, remote work setting. By effectively onboarding and nurturing your people, you can drive better engagement and higher revenues, enabling growth, increased retention, and a responsive workforce.

Sustainability Imperatives

Sustainability is no longer just a footnote in a company’s report, and the insurance industry is under pressure to take a leading role. Today, all insurance stakeholders drive accountability and change. Solutions for climate change, the circular economy, and ESG reporting can help you achieve sustainability at scale.

SAP ENABLED

Helping your insurance business run better

Get up to 90% faster searches and response times for insurance claims.

✓ Request Cash Before Cover Payment

✓ Issue a Policy from a Particular Quote

✓ Inquiry for Displaying Various Policy Data

✓ Reversal Business Process to End the Policy Manually

✓ Management of Assumed, Ceded, and Retroceded Treaties

✓ Update Business Process to Execute Update of Policies in Bulk

✓ Renewal Business Process to Renew Policies in Bulk

✓ Dunning

✓ Interest Calculation

✓ Broker Collections

✓ Correspondence

✓ Claim Notification

✓ Open Item Accounting

✓ Payment Processing

✓ Submit a Quote for Underwriting

✓ Manage Quote Options

✓ Simulate Underwriting

✓ Create an Insurance Quote

✓ Claim Fulfillment

✓ Claim Recovery

✓ Contract Administration

✓ Reinsurance Accounting

✓ Reinsurance Claims Processing

✓ Financial Reporting

✓ Claim Handling

IGNITING THE DIGITAL TRANSFORMATION OF INSURANCE

Get started with SAP’s cloud solutions for insurance

The insurance industry is facing a revolution in the digital network economy, driven by new entrants such as insurtechs and automotive companies. We help you manage everything flawlessly.

Optimize and streamline experience economy, operational excellence, spend management, modernize financial reporting and compliance and competitive talent sourcing and retention with the help of PGB Technologies.

Insurance

Benefits of SAP implementation for Insurances:

See how customers are succeeding with SAP

Reduce cost of production as accounts receivable,with significantly improving overall business process automition.
Optimize inventory with smarter resource management
On-time order fulfillment enhances customer satisfaction
Conformity with regulatory standards, industry and quality & Lot requirements and traceability ensure high quality of products
Efficient production statistics reporting and specification management control.
Features facility of mobile apps for field sales and integration. Easy and quick reporting and dashboards provide transparency

What are you waiting for? Start your digital transformation journey today

solutions simplified
Don’t spend time on manual work. Let us do it for you. Streamline processes, make sure your team doesn’t miss critical steps, and deliver value faster with Automation.