MICA is a state-of-the-art technology platform specifically designed for Small Ticket Insurance Products. These affordable new age insurance products focus on daily specific needs of end-customers and provide covers of significant value, thus protecting them against all odds.
MICA can support insurance companies to innovate small-ticket or
bite-sized insurance products, launch them with faster go-to-market and explore distribution through unconventional channels/partners. The MICA platform supports the complete lifecycle of the product
including product configuration, premium rating, policy issuance, claims,
accounting and reinsurance.
Innovate and Launch Small Ticket Insurance Products with Faster Go-to-Market in 6 Easy Steps
1. On-board your Partner
2. Define benefits, covers, premiums
3. Define risk and claim parameters
4. Setup payment mechanism
5. Generate partner APIs
6. Deliver to Customer
Flexibility to offer new age insurance products provides new avenues of growth for insurance companies
Easily on-board new partners and reach your desired target audience
Simple and quick product configuration and partner on-boarding through plug and play technologies
Differentiate your product offering from the competition and deliver unprecedented value for your customers with affordable insurance products