2. Magento eCommerce
SaaS Applications
Video Streaming Portals
Rich Internet Apps
Custom Development
250+ team with experience
in managing
offshore, distributed
development.
Neev Technologies
established in Jan ’05
VC Funding in 2009 By
Basil Partners
Part of Publicis Groupe
Member of NASSCOM.
Development Centers in
Bangalore and Pune.
Offices at
Bangalore, USA, Delhi, Pun
e, Singapore and
Stockholm.
Key Company Highlights
iPhone
Android
Windows Phone 7
HTML5 Apps
Web
User Interface Design and User Experience Design
Performance Consulting Practices
Quality Assurance & Testing
AWS Consulting Partner
Rackspace
Joyent
Heroku
Google App Engine
Mobile Cloud
About Neev
Outsourced Product Development
3. • Neev developed a web-based Quotation Management System
(QMS) for a leading insurance provider that is designed to adhere to
the IRDA regulations.
• The system has a role-based access control mechanism.
• The QMS simplifies the work of insurance agents as they can
generate a quote from the web at any given time which saves
multiple iterations and reduces the sales cycle of the agents.
• It allows reports to be generated and identifies errors in quote
creation.
Building a web-based Quotation Management System for a
Leading Insurance Provider
4. • AEGON, an international life insurance, pension and
investment company, and Religare, one of India’s leading
integrated financial services groups came together to launch
AEGON Religare Life Insurance Company Limited.
• In an industry first, AEGON Religare Life Insurance offers
policy servicing on the phone via Interactive Voice Response
System (IVR) by issuing the customer a T–Pin for
authentication.
• It is also the first company to include the customer’s medical
report in the policy kit.
The Client
5. • Aegon Religare wanted to have a centralized system which
interacts with the external systems and a predefined role-
based access control mechanism.
• To develop a web-based Quotation Management System
with an inbuilt engine which follows the IRDA (Insurance
Regulatory & Development Authority) regulations and
statutory laws.
• IRDA mandates the insurance companies to follow a
stringent set of regulations and statutory laws.
Business Need
6. • Neev with its expertise in developing web-based applications built a Quotation
Management System (QMS) in complete adherence to the regulations and laws laid
out by IRDA.
• The system was designed to capture market feedback and incorporate the learning to
transform the feedback into formulae for calculation of quotation.
• The objective behind designing such a system was to simplify the quote and the policy
creation and distribute the access rights as per the role of various users of the system.
• The system allows agents to:
• Define products and product-specific rules from a user-friendly web interface.
• Validate quotation data with an external policy administration system.
• Choose the template defined by the admin.
• Submit a quote to the CRM system.
• Populate the value of premium for the policy lifecycle, policy management charges
and fund management charges which are calculated by external policy
administration system.
Neev Solution
7. • The quote can be generated from web at any given time
which saves multiple iterations and reduces the sales cycle
of the agents.
• With the help of CRM, reports can be generated to track the
success ratio and draw forecasts.
• Policy administration captures the exact details of policies
for any given user.
• Allows Quote-related validations based on the rules that
have been defined by the admin.
Top Features
8. • JAVA/J2EE
• JavaServer Pages (JSP)
• IBM WEBSPHERE SERVER
• SPRINGS
• AJAX
• STRUTS
Technology Footprint
9. • As this venture is new, it was difficult for Aegon Religare to
track the information & gain clarity about their business.
• It was a significant challenge to understand the business
requirements for developing the web application.
• IRDA mandates the insurance companies to follow a
stringent set of regulations and statutory laws. QMS had to
adhere to the stipulated laws and regulations of IRDA.
Top Challenges