Tide provides a single, centralised, highly automated way to view and manage bordereaux, ensuring the smooth flow of delegated business across all touchpoints and parties. Tide can assist as a binder management solution.
The platform enables risk, premium and claims data to be received on time and stored centrally in formats that are validated, standardised and approved.
The result is bordereaux data that are easy to manage and analyse, leading to more informed business decisions and increased operational efficiency.
Tide provides end-to-end automation, eliminating manual processing and bottlenecks that add time and expense to bordereaux management and increase the risk of errors. Time saved on administrative tasks can be spent on other services that add value to the business.
Tide is a cloud-based SaaS platform hosted in Azure. Built from the ground up, it benefits from Azure’s 24/7 availability. Tide’s in-built security function, with specific user security at each level, allows for both multi (company) and single level access.
The user interface makes it easy to handle and process data, and an in-system guide is available to all users.
More informed business decisions are possible because data is extracted and analysed in a standard format and there is greater clarity and transparency.
Inbuilt APIs within Tide can consume data from any source in any format, which can be rapidly validated and cleansed, including manual uploads, and Tide will scale to accommodate growing volumes of data.
Tide has a powerful business intelligence (BI) capability. Data can be analysed within the Tide BI toolset or imported directly into ‘user's’ warehouse to enable data analytics leading to better business decisions.
Bordereaux can be uploaded to Tide round-the-clock from anywhere in the world, making it easy for insurers to extract and process data. Consolidation is achieved using a questionnaire that filters data submissions into a single, standardised dataset that avoids duplication. Data processing rules can be created to make some datasets mandatory while others can be configured as required.
Managing bordereaux can be complex, time-consuming and costly. As insurers and their coverholders know only too well, every bordereaux journey presents many challenges.
For example:
Digitalisation and insurtech are transforming core insurance activities, and bordereaux management is a vital part of this change.
Tide enables you to mitigate the challenges and manage bordereaux quickly and efficiently with a cloud-based platform that maps, cleanses, and validates data and then outputs it in a standard format.
"We are replacing IT systems that are almost 30 years old. We needed a partner that could help us in implementing standard insurance processes that are generic rather than product specific so that we could use the same approach for all our products. Charles Taylor InsureTech has been this fantastic partner for us and this will help us create new products more quickly."
Ron van Eijk, Program Manager, Dela
"I can certainly say that today we have a partner in Charles Taylor InsureTech that has the expertise and agility to help us in the implementation of our strategic and operational business vision, and has bought into and shares that vision with us."
Jeannette Palacios, Project Manager for Core Change, Sura Seguros
"We were looking for a strategic technology partner to work closely with us in our ongoing plans to modernise the group. Charles Taylor InsureTech has made a clear long-term commitment to building its business in Latin America and has the global reach to support our growth ambitions. Its solutions and capabilities are also highly rated by independent analysts."
Luis Ramos, CIO, Seguros SURA Corporate
"(The Core transformation) wasn’t an easy process to start, but Charles Taylor InsureTech knew how to bring about change in their teams and vision. Today, they are a partner helping us in implementation – with the business vision and agility we need. We want to continue along this vein with all the developments we are seeing in the world of insurance."
Seguros SURA, Core Transformation Project Manager
"Through the new Core, we are integrating different platforms with different fronts so that clients can login and have a good experience. Charles Taylor InsureTech has been a great partner to help achieve this."
Seguros SURA, Core Transformation Project Management Leader