Overview
360-Quote® is a low-code and high-performance insurance quote engine that supports pre-sale and in-force (re-projection) illustrations that increases speed-to-market while reducing cost and risk.
Low-Code And Fuss-Free Product Onboarding
- Enables easy upload of actuarial standardized/non-standardized excel file and configurable illustration templates
- Supports all product types with product validations, calculations, formulas and benefit illustrations
Low Maintenance And
High Flexibility
- Adapts easily to changes in actuarial excel file such as logic change and rate tables, supporting product versioning
- Full integration capabilities with existing planning and insurance systems e.g. underwriting, and administration
Rich Functionalities,
Critical Ones Including:
- Performs basic and complex calculations: forward, reverse, bi-directional, sustainability-based premium, coverage, face value & policy values calculations
- Enables automated testing for illustration values such as premiums and cash values, and auto-generation of APIs
Use Case Examples
Performance
Time to run a quote for a variable
universal life product
- Legacy/Competitors: 2 – 10 minutes
- 360-Quote®: 50 – 900 mseconds
Figures based on 360F’s implementation in production with clients
Speed-To-Market
Time to onboard quote of a
unit-linked product with riders
- Legacy/Competitors: 30 – 60 days
- 360-Quote®: 1-2 days
Figures based on 360F’s implementation in production with clients
Risk And Cost
Budget proportion for IT development and testing of a savings product
- Legacy/Competitors: 70%
- 360-Quote®: 10%
Figures based on 360F’s implementation in production with clients
Unleash Richer Experience!
Combine 360-Quote® with other 360F API services. For example, use with 360-Compare® and 360-ProVestment® for enriched comparison within seconds.
