Merimen e-Policy (Issuance and Renewal of Policy via Motor Solution)

Merimen Online e-Policy proposes a new idea that provides a totally new system to replace existing traditional way of buying motor policy, allowing franchise to act as insurer’s agent to help customer purchase motor insurance based on customer’s own selection of coverage area. Eliminate unnecessary involvement time and profit sharing with insurer’s agent.

Issue cover note to customer immediately while pending for insurer approval. Our e-Policy solution aims to expedite franchise sales process and help to streamline the sale process from CBU to the end of a car sale process and from submission to approval by insurer in a paperless environment.

With our numerous insurer clients, franchisers are not restricted to buy motor policy from only two insurers recommended by insurer’s agent.

This in turn will streamline the operational process, giving operational ease, fast policy issuance hence car sales and better customer service.

  Benefits

• Improves efficiency and performance as the policy preparation process is much more efficient, with cutting-edge information technology greatly reducing the work required.
• Real-time monitoring and decision-making with instant submission and fast approval provided that the insurer is notified immediately for their approval.
• Easily customizable and can be enhanced on demand. The system has features and options that are engineered to be highly configurable, to meet the particular requirements of the insurer. Also, enhancements and customizations on demand is available, due to the modular design adopted in all Merimen solutions and internet-based technology employed.
• Cost effective with its ‘pay as you use’ system with no set-up cost or investment required. e-Policy is accessible at any computer with internet access in a paperless environment that helps to reduce the need for raw materials and help to keep operating costs low.
• Widen Business Opportunity and Increase ROI where the Sales agent can act as an Insurer’s agent thus reducing cost for both parties plus increasing better profit to the Sales agent as they do not have to go through a middleman.
• Centralised Work Flow and Streamline Operation Process as Franchise is the sole party who dealing with customer. Hence, centralized processing makes the entire sales process easy to manage and controllable.
• Reduce time and work minimising human errors whilst gaining quick and interactive response hence creating customer convenience and satisfaction.
• The processing is transparent and easy to use. Issuance of policy can be done with 3 easy steps!
• The system caters for Tariff and Non-Tariff Motor Insurance rules and as e-Policy has an integrated ‘Duplication Detecting’ module, this helps to eliminate the chances of creating duplicate motor policy within the period cover.