NEOS Life has partnered with a global software firm to support its underwriting, sales and administration functions.
NASDAQ-listed Ebix has deployed several functionalities for the start-up in just nine months. This includes implementing an adviser portal; a CRM and sales administration platform; reinsurance reporting; as well as help it integrate with the underwriting engine.
NEOS managing director Brett Yardley said the firm has worked with Ebix to launch an adviser portal integrated with the UnderwriteMe underwriting engine and has been able to deliver straight-through-processing capability from day one.
"Feedback from the launch of the adviser portal to our founding group of advisers has been very positive. I can definitely say our decision to select and base our proposition on the Ebix OneOffice solution has been very successful," Yardley said.
Ebix synchronises data between its applications OneOffice, SmartOffice CRM and NEOS data.
Ebix Australia vice president Philip Fourie said: "Our deep industry consulting experience, API-driven architecture and proven local track record has seen Ebix OneOffice successfully implemented at four new local life insurance sites over the past six years."
It is a complete solution that provides speed to market with reduced risk, he added.
Found in 50 locations globally, Ebix provides software and e-commerce services to the insurance, financial, e-learning and healthcare industries.
It aims also to provide software-as-a-service (SaaS) solutions in CRMs, front-end and back-end systems, outsourced administration and risk compliance services.