Insurance CPQ
Automate Insurance Quotes with Speed and Precision
Insurance CPQ is a modern, low-code solution purpose-built to transform the insurance quoting process. Built on the OutSystems platform, it enables insurers to configure products, optimize pricing, and deliver real-time, accurate quotes, all while streamlining workflows and cutting operational costs. Whether you're issuing new policies or expanding into new markets, Insurance CPQ accelerates sales cycles, improves accuracy, and enhances the customer experience, empowering insurers to grow revenue and stay competitive in a fast-evolving industry.
The Business Challenge
Fragmented Sales Ecosystem
Disjointed systems across sales, underwriting, and billing cause delays, errors, and inefficiencies.
Manual Workflows
Quote generation, approvals, and policy issuance depend on manual steps that slow down sales cycles.
Delayed Customer Responses
Slow quote-to-policy timelines lead to poor customer experience and reduced conversion rates.
Inflexible Product Configuration
Lack of bundling and customization limits insurers’ ability to tailor products for diverse customer needs.
Limited Visibility and Insights
Insufficient analytics on quoting performance and customer preferences hinders data-driven decision-making.
Key Features
The Business Impact
Accelerate Quote-to-Policy Cycle
Streamline approvals and automate workflows to cut cycle times.
50%
Reduction in Operational Costs
Reduce manual work and system inefficiencies, drive cost savings.
30%
Speed Up Product Innovation
Launch new offerings 10x faster with agile, low-code adaptability.
10x
Boost Retention Through Better CX
Deliver fast, tailored, and digital-first experiences that keep customers coming back.
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