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Digital Platform BCS Life Insurance

Digital Platform BCS Life Insurance
1 место

лучшее МП Investment Leaders Award

2 место

в цифровом рейтинге Markswebb

Task

To develop a comprehensive automated system for simple and quick registration of insurance policies. The customer planned to implement business processes that save customers’ time as much as possible and allow them to earn money on insurance products.

As a result, we helped the customer to implement his idea from scratch and provided technical implementation of the project. 

Solution

We have developed the Digital platform which is an automated service for calculating and processing insurance contracts. Now this digital platform is used in the BCS “Life Insurance” and in partner banks. 

The integration with the mobile application BCS “World of Investments” was also implemented. This allowed the customer to expand the audience of policyholders, and tens of thousands of users of the “World of Investments” now can buy investment insurance products directly in the application, without visiting the offices of the BCS.

Team

There are 8 people working on the project. 

  • 2 Full stack developer and 2 Backend developer are engaged in the development. 
  • 2 QA-engineer are testing the product. 
  • The project manager controls the development processes. 
  • Tech Lead monitors the technical side.

Deadlines

From 2019 to the present. The first release was made 3 months after the start of development.

Key functionality

Flexible settings

The digital platform includes more than 100 products of the customer, the main of which are ICS , ASJ and CSJ. Despite the large number of products, each of them can be customized, i.e. set up conditions of its distribution, restrictions and many other parameters.

Convenient system 

The digital platform combines a wide range of BCS products, i.e. ready-made various scenarios for the execution of insurance contracts. To insure a client, you need to fill out several simple forms and sign a contract, and the system will automatically make all calculations. 

Designer of ICJ  products

Internal service to serve premium customers. It helps financial advisors and private banking specialists collect individual investment baskets in real time. Risks, options, payouts and other investment parameters are calculated automatically. 

Multistrategy

The internal Multistrategy service allows clients to combine several investment strategies in one contract. The client receives consolidated information about contributions and payments, taking into account the conditions of each strategy. This helps investors choose the most profitable way of investing and earn more. 

Asset analysis

Assets that are approved by analysts and suitable for investment are shown in real time. BCS employees do not need additional clarifications and approvals when selecting products for customers. 

Passport verification

We have set up automatic verification of customer passports on the bases of the Ministry of Internal Affairs and the Federal Security Service. If the policyholder is wanted, listed as an extremist, or has an invalid passport, the BCS employee will see this while filling out the documents. 

Integration with Dadata

The Dadata service simplifies entering the client’s address into insurance documents. Integration with the service speeds up the execution of policies and contracts by automating routine actions, and also minimizes the risk of errors. Now the BCS employee enters part of the client’s address and immediately finds it in the all-Russian database.  

Largely due to the rapid and high-quality development the IC “BCS Life Insurance” was the first to occupy the niche of investing in insurance products with personalized settings.

In 2019, she received an A1 grade “Quality Mark” from the analytical agency “Businessdrom” and an award in the nomination “Digital Platform of the Year” from the financial market award “Financial Elite of Russia”. 

In 2020, it won the nomination “Team of the Year in Investment and Cumulative Insurance” of the Financial Elite of Russia award.

Since the end of 2021, the rating agency Expert RA has confirmed the financial reliability rating of BCS Life Insurance at the level of ruA- (moderately high level) with a stable outlook.

At the beginning of 2022, in terms of the number of contracts concluded, it is in the TOP 7 in the direction of life insurance and in the TOP 10 in general for life insurance.

Стек технологий

A2SEVEN создала надежную цифровую платформу, которая получила множество наград. Команда работает тщательно, профессионально, и управление проектами всегда на высоте. Они всегда доступны и реагируют на любые проблемы или просьбы.

Михаил Кочкуров

Руководитель департамента информационных технологий СК БКС "Страхование жизни

Fogstream

We are satisfied with our joint work - the contractor completed the work in a timely manner, efficiently and conscientiously, and complied with the obligations under the contract. Thanks to our joint work, projects develop and become better for users. We continue cooperation with A2SEVEN and recommend it as a competent and responsible partner in product development.

Extyl

We are grateful to A2SEVEN for its responsible approach to business. It is worth noting that A2SEVEN is a professional in his field and also fulfills his obligations on time. Thanks to our effective cooperation, we develop our projects and expand our expertise in various industries. During our work with the company, we have built a reliable and conscientious partnership. Our company recommends A2SEVEN as a partner who will help in the implementation and improvement of your projects.

GLOBUS

We express our gratitude to A2SEVEN. During our long-term cooperation, the company has proven itself to be a conscientious and competent partner. It is worth noting that A2SEVEN fulfills its obligations in a highly professional manner and on time. Our productive cooperation helps improve and develop our projects.

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