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A comprehensive Bancassurance solution for Digital-Age banks

Bancassurance as a business has been successful for banks. It opens up new a business stream and helps you grow your profits. Banks which do not have the right solution to manage its bancassurance business suffers from delayed decision making, lack of business insights, revenue losses and unsatisfied customers.

JMR’s Avenir is a comprehensive, integrated Bancassurance solution that caters to the needs of banks which are focused on delivering superior customer service. This innovative yet convenient solution is geared to support a bank’s insurance business unit starting with assigning revenue targets to its channels, to tracking incentives earned by the sales staff and ultimately, commissions earned by the bank.

Besides delivering operational efficiency, cost reduction and optimizing asset utilization, Avenir drives incremental sales at faster pace by reducing time and cost to acquire customers.

Key benefits

  • Built-in Business Intelligence to help you with prudent decision-making and growing your business in multiple ways
  • Optimized performance and increased productivity
  • Ease of access at anytime, anywhere – all you need is a device with internet connection to access this solution
  • Ability to provide multi-channel, any time and anywhere access to fulfill insurance needs leading to increased business opportunities and high customer retention
  • Accurate commission tracking and calculation
  • End-to-end lead tracking mechanism to prevent any loss of business opportunities
  • Ability to provide Policy documents on-demand
  • Easy reconciliation

Key features

  • Rich user experience
  • Inbuilt underwriting capability
  • Supports multiple product lines
  • Training
  • Integrated service desk
  • Reports
  • Campaign management
  • Agency management 

Designed by a team with deep industry knowledge and technology expertise, Avenir Bancassurance improves the business process, automates and accelerates the process of proposal creation, quotations, policy issuance, endorsements and renewal transactions.

Avenir streamlines the business process flow between insurance companies and banks. Avenir is designed to help you:

  • Build stronger customer relationships and enrich customer experience
  • Total policy life cycle management support – quotation and application management, policy issuance, ongoing contracts administration and endorsements
  • Increase revenue and stay ahead of the competition
  • Launch innovative products along with insurance companies
  • Reduce administrative overheads in the selling process
  • Increase productivity of the sales force and help them sell better and faster
  • Have a smooth reconciliation

Avenir, Intelligence within Business IntelligenceAvenir comes with inbuilt Need Analysis capability that helps customers to calculate risk coverage and directs them to suitable products based on rules that are laid by the banks. This insight also helps the insurer is driving focused sales efforts. Graphical display in Need Analysis Chart provides simplified view to customer and thereby facilitates easy decision making. Avenir also has an inbuilt robust workflow management system which explains system processes, thereby reducing the time and cost of implementation.

Screen building functionality of Avenir allows faster creation of new screens and updation of existing screens. The end-to-end solution transforms the way banks work and allows them to respond to the digital-age customers who demand real-time access to more diverse and quick insurance services than ever before.

The end-to-end solution transforms the way banks work and allows them to respond to the digital-age customers who demand real-time access to more diverse and quick insurance services than ever before.

Talk to us today to know more on how Avenir can grow your bancassurance business faster.

Avenir Bancassurance Brochure

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