Outsource Insurance Illustration Services

Insurance Illustration Services

Delight your clients with information and details on benefits related to insurance policies and their performance through illustrations, starting at $10 an hour

Most clients find it tough to digest complex insurance related information without training. Illustrations are educational tools which provide the policyholder with all the requisite information to understand a policy. These hypothetical representations reflect critical assumptions and cover a policy's key details such as applicant's age, gender, and underwriting class.

At FWS, our insurance illustration services are completely aligned with the way your insurance solutions are sold. We create intuitive and responsive insurance illustrations that cover key aspects of your insurance process for multiple lines of product offerings across diverse channels. Over the past decade, we have worked with multiple insurance providers to deliver a dynamic and guided insurance illustration process, producing compelling illustrations for life, annuities, long-term care, and more.

Our Insurance Illustration Services

At Flatworld, we leverage proprietary software systems that visualize complex products in an extremely compelling way. Our powerful AI-based calculation engines can handle the toughest product illustrations, while factoring in all historical and hypothetical references. Our illustrations further ensure that your agents have immediate access to necessary sales illustrations for their products while being guided through each case on a rule-based logic. As your chosen insurance illustration company, we provide the following effective services -

  1. New Insurance Illustrations

    New Insurance Illustrations

    Our new business illustrations allow your agents to perform online underwriting while supporting straight-through processing which goes right to the back office. We offer a SaaS-based model which can be scaled as per your requirements, and offer cloud-based deployments for better cost savings, regulatory compliance, and overall flexibility. Our insurance policy illustration supports provisions for multiple types of input and ensures manual re-keying of data is not required, saving precious time and freeing up resources.

  2. Existing Insurance Illustrations

    Existing Insurance Illustrations

    Our insurance illustrations allow you to conduct thorough “What-If” scenario analysis, prepare annual statements, create alterations, and online transactions. The key highlight of this service lies in the extremely fast GTM time for tested products, allowing you to hit the ground running. This further ensures faster turnaround times by automating your underwriting processes and easily capturing new underwriting decisions to track new cases.

  3. Self-service Insurance Business Illustrations

    Self-service Insurance Business Illustrations

    We create custom insurance illustration software to support your desired product-launch capability with approachable fund and benefit valuations. We support multiple currencies, languages, and jurisdictions which further ensures significant cost reduction during deployment for you. Our extensive capabilities as an insurance illustration trial service providing company allow you to work across complex scenarios and products.

We also provide insurance illustration services for -

  • Risk Tolerance
  • Needs Analysis
  • Quoting
  • Product Information
  • Calculations
  • Sales Tools and Templates
  • Needs Based and Composite Selling

Features of our Insurance Illustration Services

With Flatworld as your insurance illustration service provider, you can now leverage our robust features which make up our illustration software while ensuring you can get products to market faster. Additionally, we allow you to streamline your underwriting processes while advancing the way you promote and market your products. Some of the key features of our services include -

  • Customized services for individuals, voluntary groups and multi-life insurance illustrations
  • Ability to support multiple product lines such as term life, whole life, universal life, variable life, fixed annuities, variable annuities, disability, etc.
  • Create single, comparative, and composite insurance illustrations
  • Intuitive and responsive services
  • Ability to perform online, offline and at any insurance POS
  • Compliant with every regulation and a finished graphical end output
  • Responsive calculations which change based upon your input and multiple graphical views
  • Advanced sales concepts which are built-in to the computational algorithms
  • Easy and swift integrations with third-party software
  • Scalable to match your brand and business requirements over time

Insurance Illustration Services - Our Process Flow

Flatworld's illustration services are led by a crack team of insurance executives and seasoned professionals who understands your needs based on over 10 years of experience. We have worked with clients belonging to various insurance sectors, and have set up an in-depth process which ensures all your requirements are taken care of under one roof.

 

01. Receive Client Request

Our team receives your request for an insurance quote with all the preliminary details such as policyholder name, age, state, gender, insurance rating class, insurance carrier, product type, type of premium, face amount, death benefit, and 1035 details. These can be sent to our team via email, secure web portal, or any other software or tool which suits your requirement

 

02. Information Verification

The team assigned to the project checks whether all the necessary information is available in the details which have been sent. In case any required information is missing, we reach out to the requestor for the same. Once all the details have been organized, we proceed with preparing a quote

 

03. Running Illustrations

Based upon the credentials provided by the client, our team fulfils the quote request via using our own proprietary software or a software which they want us to use. Once the quote has been generated, the report is directly sent to the requestor based on the instructions provided. Additionally, we save the quote in an automated index, so that when the premium goes above a certain limit as necessitated by the client, we prepare a spreadsheet comparison with ranking for the specific carrier

 

04. Illustration Delivery & MIS Reporting

Our usual turnaround time to complete the insurance quote is usually 2 hours. The project manager assigned to the project provides daily status updates as well as requested by the client

Other Services You Can Benefit From

Why Choose Flatworld for Insurance Illustration Services?

As a seasoned insurance provider, you need to establish trust and ensure that your customers have all the necessary insurance information and equivalent projections at their fingertips. Not only does it add a lot of value to your customer satisfaction numbers, but is also vital in offering a transparent, flexible, and easily accessible system which is ready for modern-day business challenges. The 4 key benefits for businesses include -

  • Reduction in Errors and Processing Time

    The insurance data collected during the illustration and subsequent presentation process can be captured once and then reused, thereby reducing the time taken to fill-out the applications and reducing any potential errors.

  • Quick Responses

    Our system is flexible and customizable thereby facilitating straight-through processing which in turn enables quick responses to other opportunities for your team.

  • Setup New Distribution Channels

    One of the key highlights of our service is the quick and easy deployment for new distribution channels for insurance businesses. We are able to rapidly deploy new products for any number of insurance channels at an extremely low cost, allowing you to take advantage of upcoming market opportunities and moving ahead of your competition.

  • Quick Scalability

    We offer remote system updates to efficiently deliver the latest improvements and products into the hands of your on-ground salesforce. The entire operation takes place in a secure environment to protect customer and client privacy.

Client Success Stories

FWS Provided Illustration Services to a Leading Apparel Manufacturer

Illustration Services to a Leading Apparel Manufacturer

A leading apparel manufacturer was looking for a service provider who could help them with illustration services. Our team provided the client with cost-effective services.

Read more
FWS Provided Illustration Services for a Pet Cloning Company

Illustration Services for a Pet Cloning Company

A leading pet cloning company was looking for a reliable illustration service provider who could help them with illustrations of pets. Our team provided them with services within a short time.

Read more

Outsource Insurance Illustration Services to FWS

Testimonials

The quality of Artwork delivered during the trial period was exceptional and that helped us to decide on our new Outsourced Partner from a couple of quotes from companies across the globe.

Director - Operations,
Leading pharmaceutical company in the Netherlands
More Testimonials »

Our standalone insurance illustration solution offers maximum value to clients who are looking to suitably integrate our offerings with their Policy Administration solutions. By leveraging a common source of relevant data, we can ensure complete and unprecedented accuracy across all your insurance illustrations while delivering comprehensive reports on a daily basis. Our Illustration solution are exceptionally secure, private, and infinitely scalable, allowing you to work with minimum internal hardware and IT support.

If all this sounds great, get in touch with us right away to learn how we can add value to your bottom line.

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