Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us  
Google
Web www.equitybulls.com
Stock Report

| More

Edelweiss General Insurance launches IPOS, an end to end partner onboarding solution

Posted On: 2021-05-18 15:09:28 (Time Zone: UTC)


InsurTech start-up Edelweiss General Insurance (EGI), has launched yet another industry first digital offering, IPOS (Integrated Partner On-boarding Solution). This is a fully automated onboarding solution for all its existing and prospective partners including Agents, Brokers and Web Aggregators. EGI and its partners stand to gain through improved throughput and enhanced efficiency using this digital platform, which would entail minimal manual intervention.

IPOS will enable the sales workforce to create or upload any number of prospects in real time, with the ability to scrutinise, approve and digitally process them with greater efficiency. IPOS has been envisioned to address the protracted time taken to onboard agents. It can help complete the whole process in under 24 hours! The digital platform allows the partner to undergo a DIY journey of uploading the documents and initiating the onboarding process with EGI.

Commenting on the launch, Rakesh Kaul, Chief Distribution Officer, Edelweiss General Insurance, said, "We are proud to come up with industry first solutions. IPOS is an end to end partner onboarding platform with intuitive and easy to use interface along with tight integration with our core systems. It is a DIY journey for a partner right from uploading documents, initiating onboarding, training, examination, etc. The objective here is to completely digitise a partner's journey and bring in more efficiency."

IPOS is a unified portal for all partner related onboarding requirements. It has multiple features like easy visualisation capabilities, a built-in learning system where partners can take up practice tests. The platform has taken care of privacy and data security requirements. It will also allow for more accurate data filing with the regulator. Overall, a digital platform that empowers partners and enhances their experience, resulting in a self-guiding onboarding journey.

EGI recently launched an Open API Gateway to strengthen digital capabilities of its partners and facilitate complete digital collaboration with them. It is the first of its kind by any General Insurance company in India. The platform will bring in transparency and enhance the experience for insurance partners who seek to access EGI's services to provide a seamless journey to customers. The gateway will offer quicker integration with EGI services and policies with a shortened integration cycle, both time and cost-wise.

Shares of Edelweiss Financial Services Ltd. was last trading in BSE at Rs.61 as compared to the previous close of Rs. 61.4. The total number of shares traded during the day was 89385 in over 891 trades.

The stock hit an intraday high of Rs. 62.15 and intraday low of 60.75. The net turnover during the day was Rs. 5479774.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com


Other Headlines:

Parvati Sweetners and Power Limited Q4FY21 net profit higher at Rs. 2.78 crore

Super Tannery Ltd Q4FY21 net profit soars to Rs. 2.93 crore

Promoters of Capacite Infraprojects Limited have sold shares worth Rs. 70.56 crores

B L Kashyap and Sons Ltd secures new orders of Rs. 135 crores

CRISIL reaffirms ratings of Thomas Cook India Limited

Ushdev International Ltd consolidated Q4FY21 loss at Rs. 1.90 crore

Simplex Castings Ltd Q4FY21 consolidated PAT at Rs. 9.93 crore

Mallcom India Ltd Board approves final dividend of Rs. 3

Patels Airtemp India Ltd board recommends dividend of Rs. 2.50 for FY21

NTPC Ltd board recommends final dividend of Rs. 3.15

Karur Vysya Bank donates 10 ambulances to TN Health Systems Project in the presence of Honorable CM of Tamil Nadu under CSR initiative

Mallcom India Ltd reports consolidated PAT of Rs. 10.38 crores in Q4FY21

Continental Chemicals Ltd posts Rs. 9.97 lakhs PAT in Q4FY21

Patels Airtemp India Ltd Q4FY21 consolidated net profit slips to Rs. 3.01 crore

NTPC Ltd reports Rs. 4649.49 crores consolidated PAT in Q4 FY2020-21

Craftsman Automation Limited's Ratings upgraded to 'CRISIL A / Stable / CRISIL A1

Apollo Proton Cancer Centre Organises Drive-thru Vaccination Camp

HLV Limited board approves preferential issue to promoter group

Alkem Laboratories receives 2 observations from USFDA for manufacturing facility located at St. Louis, USA

Raj Packaging Industries Ltd Board recommends Final Dividend of 5%

HDFC to sell 3,55,67,724 shares of HDFC ERGO to HDFC Bank Ltd

HDFC Bank to classify Aruna Hotels Ltd's bank account as Standard Account effective Q1 FY2021-22

KDDL Ltd Board approves Dividend of Rs. 1.50

Sheela Foam celebrates 50 years of bringing healthy comfort to your lives

Apollo Hospitals Chennai introduces Sputnik V vaccination

Galaxy Surfactants Ltd. launches their new Homecare brand Galaxy Hearth™

Kernex Microsystems India Ltd Q4FY21 consolidated PAT jumps to Rs. 3.04 crore

Asian Energy Services Ltd reports Rs. 2.57 crore consolidated PAT in Q4FY21

HLV Ltd Q4FY21 loss at Rs. 1.42 crore

Muthoot Capital Services Ltd Q4FY21 PAT slides to Rs. 9.05 crore

Galaxy Bearings Ltd Q4FY21 PAT lower at Rs. 2.01 crore

Shiva Suitings Ltd Q4FY21 loss at Rs. 3.61 lakhs

Raj Packaging Industries Ltd reports net profit of Rs. 68.05 lakhs in Q4 FY2020-21

Nila Infrastructures Ltd Q4FY21 consolidated PAT at Rs. 4.64 crore

Vakrangee Ltd posts Q4FY21 consolidated PAT of Rs. 20.79 crores

ICICI Bank Outlook revised to Stable from Negative, ratings affirmed

CRISIL downgrades rating on long-term bank facilities of BHEL

TIMKEN India Ltd board recommends final dividend of Rs. 1.5

HDFC Bank Ltd board recommends dividend of Rs. 6.50

Birla Cable Ltd Board recommends dividend of Rs. 1

Precot Limited Q4FY21 consolidated PAT at Rs. 29.05 crores

RattanIndia Power Ltd Q4FY21 consolidated PAT at Rs. 39.32 crores

TIMKEN India Ltd posts net profit of Rs. 52.93 crores in Q4FY21

GMR Infrastructure Ltd Q4FY21 consolidated loss at Rs. 723.36 crores

Revathi Equipment Ltd Q4FY21 consolidated loss at Rs. 1.37 crore

Birla Cable Ltd reports net profit of Rs. 6.32 crores in Q4FY21

India Motor Parts and Accessories Ltd board recommends dividend of Rs. 10

ALTBalaji direct subscriptions up 42% year on year

Centrum and BharatPe Set To Create A New Age Bank

K P International Pvt Ltd announces expansion project


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2020