Beyond Multinational Programs (BMNP)

Digital coordination for Insurers and Brokers to set-up, underwrite, bind and service complex multinational insurance programs (global programs).

Globally Efficient and Locally Compliant

Beyond Multinational Programs is a SaaS-enabled next-generation technology platform that allows insurers to:

Connect internal producing, regional and local offices offices as well as external fronting network partners

Engage all participants on a digital platform by guiding them through every step in the process of administering international insurance programs

Control the operational and country specific compliance adherence when placing business globally

The policies and process should be globally efficient and locally compliant.

Today’s Challenges

Manual Processes and Multiple Interactions

Regulatory Complexity

Data Proliferation

Lack of Compliance and Auditability

Linear Data Processing

Poor Data Quality

Our Solution - Beyond Multinational Programs (BMNP)

BMNP platform provides a seamless and flexible state of the art platform providing greater automation, improved timeliness/accuracy and greater operational efficiency

Connect producing and regional offices of the insurer, brokers with the global external fronting and underwriting network partners

  • Connect internal and external partners digitally onto the platform

  • Support partner expansion strategy by configuring new partners seamlessly on a modern infrastructure

  • Connect digitally local policies with the master policy to reflect the accurate coverages requested by clients

  • Allow flexibility in connecting processes to support different variations of a multinational insurance program

  • Plug into different internal system with a modern APIs and connector framework

  • Interface efficiently with the other multinational service networks

Engage parties on a digital platform by guiding them through every step in the process

  • Promote consistent repeatable processes between all parties

  • Guide the users on the process in every step of the way on the platform

  • Alert the users to any changes on the program to enable quick intervention and minimise delays

  • Communicate securely through the platform with parties globally providing a greater level of transparency on the  program

  • Share documents and data on the platform providing a single view of the program between all the parties

  • Simple, Intuitive user interface to drive better engagement with both internal users and external partners / parties

Control the operational and country specific compliance adherence of covering risks globally

  • Enforce compliance with local regulations by providing country specific underwriting intelligence on the platform

  • Transfer securely data in real-time between the parties

  • Manage operational service levels by using up-to-date status views of every policy/premium payment on the program

  • Control the process by providing better clarity of next steps and actions to the internal and external users on the platform

  • Audit all actions on the platform to see data and process lineage across the multinational insurance program

Technology Architecture

  • SaaS enabled solution, underpinned by Distributed Ledger Technology framework to enforce sharing of data and process securely

  • Comprehensive authentication and authorisation framework (Role Based Access Control).

  • Secure data – both at rest and in transit

  • Intuitive user interface that is reactive and responsive

  • Rich APIs that allows the platform to be integrated into internal and external systems

Value Creation

Reduced cost of Coordination

Up to 30% saving in operational frictional cost, promoting efficiencies

Data Quality

Zero reconciliation effort, Single source of truth on the programs across all entities

Compliance Adherence

Globally consistent process & Locally compliance policies

Improved Customer Service

Quicker turn around on insurance programs especially on yearly renewals

Process Support

We offer comprehensive support for operational process to augment our platform solution.

Onboarding support

Credit control assistance

Placement / Bind support

Submission clearance

Support for Reinsurance

Ready to know more about the Multinational Programs Platform?