sensiple insurance solution

VISIONEERING.THE CHANGE1

OUR OFFICES

CORPORATE OFFICE

Plot No: 9/A15, SIPCOT IT Park Padur PostSiruseri, Tamil Nadu 603 103, IndiaPhone : +91 44 4741 9000Fax : +91 44 4741 9100

662, Woodlands Ring Road, #5-226Singapore 730 662Phone : 65 6279 1053

OMAHA OFFICE

13011 Scott StOmaha, NE 68142Phone : 402 505 7790Fax : 402 505 7798

1000 Route 9 North, Suite 303Woodbridge, NJ 07095Phone : 732 283 0801Fax : 732 283 0489 Fax : 732 283 3775

OFFSHORE OFFICE SINGAPORE OFFICE

15years

IRDA Compliance for Motor Insurance Policies

VISIONEERING.THE CHANGE2

IRDA in Nov 2015, launched a new guideline

ALL RIGHTS RESERVED 2015 - SENSIPLE

Source:https://www.irda.gov.in/admincms/cms/whatsNew_Layout.aspx?page=PageNo2665&flag=1

• The policy is first to be adopted by Telangana and soon to spread to rest of India

• Motor policies are required to be issued in electronic format in addition to manual format

• Motor polices should have a QR code and this needs to be incorporated in Form51

• QR codes should allow verification of policy’s authenticity

• Users should have provision of scanning policy from mobile device and retrieving the policy from internet

• Insurance providers can setup self service portal for motor insurance where policies can be tracked and operated

• Electronic policies should be mobile friendly and can be downloadable to a mobile device

• Ability to map KYC process to the Electronic Insurance account and not asking the information repeatedly from the end customer

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This guideline will soon hit mass adoption to other Insurance areas (life+ non life) as well as become a norm

ALL RIGHTS RESERVED 2015 - SENSIPLE

• Insurance providers are in need to maintain all customer policy at a single place (Self service portal)• Policies should be downloadable and referenceable through mobile + online channels• Need for reducing frauds, tracking past histories of policy usages etc• Integrating with other policies of the customer (from other IR providers) and providing a single view• Transparency to Information covered in policy and what is not covered to keep end customer informed

VISIONEERING.THE CHANGE4

What is required for an esteemed organization such as yours:

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• MULTI CHANNEL SELF SERVICE POLICY PORTAL – which supports both mobile and web customers to self service

• Ability to integrate mobile camera which can be used to scan the QR code and recover policy document

• Roadside services and assistance / ability to upload photos of accident -car / bike damages (photo from mobile device)

• Policy coverage information on mobile and ability to look up policy details using a QR code

• Sending push notification via whatsapp when policies are about to expire (Saving SMS cost)

• Location based services that allow finding nearest hospital to admit patient/ car dealer information etc.

• Tips and safety information for the end customer

• Backend connectivity to surveyor, dealer to provide real time information on damage

VISIONEERING.THE CHANGE5

We are a right sized partner with 15+ years of Insurance experience …

ALL RIGHTS RESERVED 2015 - SENSIPLE

Founded 1999

Delivery Center Chennai, Tamil Nadu, India

Verticals BNFS, Healthcare, Retail, Logistics and Telecom

Certifications ISO 9001:2008

Partners Microsoft Gold Partner, Amazon Web Services, Stibo Systems, Soasta, Widen, Puppet Labs, Zoho

Employees 400+

1999 2006 2010 2015

• Incorporation of Sensiple Software solutions

• ISO 9001:2008 Certified

• Insurance offerings

• Investment in partnership with Microsoft

• Microsoft Silver partner

• Multiple verticals including trading, healthcare commenced

• 100+ team size crossed

• Mobile based solution delivered

• First customer from APAC (Singapore)

• BNFS/Insurance/Healtcareservices

• Won Large program from a $4Bn Healthcare major

• First customer from UK

• Grows to all time high of 400+ team

• Organizes events on Social Media, multiple webinars

• Two solutions developed including password reset and multi channel Sensiple notification system

VISIONEERING.THE CHANGE6

OUR OFFICES

CORPORATE OFFICE

Plot No: 9/A15, SIPCOT IT Park Padur PostSiruseri, Tamil Nadu 603 103, IndiaPhone : +91 44 4741 9000Fax : +91 44 4741 9100

662, Woodlands Ring Road, #5-226Singapore 730 662Phone : 65 6279 1053

OMAHA OFFICE

13011 Scott StOmaha, NE 68142Phone : 402 505 7790Fax : 402 505 7798

1000 Route 9 North, Suite 303Woodbridge, NJ 07095Phone : 732 283 0801Fax : 732 283 0489 Fax : 732 283 3775

OFFSHORE OFFICE SINGAPORE OFFICE

15years

Call for Delivery Transparency