Joliet, Illinois based KSKJ Life, a fraternal organization founded by Slovenian immigrants, goes live with Intellect SEEC's AI-powered, cloud-native Fraternal Suite. Intellect SEEC is the insurance software division of Intellect Design Arena. The Fraternal Suite supports seven powerful business apps that are multi-device and multi-channel (supporting agent, back-office staff and members), and they come out-of-the-box with a single codebase.
KSKJ Life wanted to give their independent agents powerful tools to increase their productivity and help their home-office staffs communicate seamlessly with their members. The organization partnered with Intellect SEEC for a complete digital transformation of their new business and post-issue servicing.
This suite of integrated apps includes: CRM, Needs Analysis, Quote and Illustration, e-App, Profile Management, Customer Service and Product Launcher. The Fraternal Suite integrates seamlessly with KSKJ's existing core and external systems through APIs for real-time pre and post policy transactions. The Intellect SEEC platform provides the company with the ability to meet their immediate need of productivity gains and digital empowerment and their long-term need for sustainable business growth.
Tony Mravle Jr., CEO of KSKJ Life said, "Going live with Intellect SEEC's AI Powered Fraternal suite is an important step for our customers. Intellect SEEC's digital led, innovative approach allowed us to support our growth strategy and position ourselves to take advantage of the market. Implementation of Intellect SEEC's fraternal suite was the best choice for us since it allows us to bring forth the technology advancements we need to keep us competitive and enable business growth."
"The needs of a fraternal company are greater than other companies because they do everything that a regular insurer does and still maintain great membership management capabilities while also adding value to the community," says Pranav Pasricha, CEO of Intellect SEEC. He further added, "With the advent of cloud computing, open source software and API based services, accessing third party software and services to enhance the technology offering is much easier than it has been in the past. We are delighted to be part of KSKJ Life's digital transformation journey through the implementation of AI-powered, cloud-native Fraternal Suite. This digital go-live shows our exceptional delivery capability, after stringent quality assessments. Our platform enables KSKJ Life to streamline end-to-end front-office capabilities by helping the agent, home-office personnel, and members to collaborate in real time."
Shares of Intellect Design Arena Ltd was last trading in BSE at Rs.142.55 as compared to the previous close of Rs. 145.35. The total number of shares traded during the day was 19742 in over 858 trades.
The stock hit an intraday high of Rs. 146 and intraday low of 142. The net turnover during the day was Rs. 2825275.