The vast numbers without health, life or small business insurance represent a huge opportunity for insurance companies, banks and microfinance organizations offering the fast-growing niche of microinsurance products. SourceTrace Systems ESE for Microinsurance helps insurance companies provides a complete end-to-end solution that reach and service the uninsured wherever they are, with cost-effective, remote data transaction software for microinsurance sales, premium payment and disbursement — even in places that don’t even have mail.

Banks and microfinance organizations can use ESE for Microinsurance modules to add insurance to the portfolio of services they offer to the unbanked. while rural customers can have direct, secure access to their microinsurance accounts Using their own mobile phones or working with local, third-party merchant-agents with thin clients.

 

• Compliance with the full range of security protocols for middleware and wireless transactions; high fault tolerance
• Interoperable, device-agnostic middleware works with any back-office or core banking system
• Scales rapidly
• Robust architecture, optimized for low-bandwidth environments
• Leverages mobile phones and biometric smart cards

 

• Secure, highly visible insurance transactions even across low-bandwidth networks
• Enables easy addition of insurance to portfolio, easy to use in the field
• Control of 3rd-party agent/business correspondent access
• Low cost, out-of-the-box microinsurance solution, easily customizable for any policy type or market
• Remote access model reaches the uninsured when agents cannot

SourceTrace Systems ESE‚Ѣ for Microinsurance creates virtual agencies from off-the-shelf wireless technology at incremental cost. Using mobile phones, point of sale (POS) devices with smart cards, PDAs and other thin clients, microinsurance agents can issue policies and help people even in the most remote, rural communities.

Our ESE for Microinsurance modules are turnkey insurance solutions for rural communities. Existing local merchants with POS devices or other thin clients, act as bank agents for customers with smart cards and integrated biometric readers to guarantee security. Using the fully managed ESE‚Ѣ Back Office Server or integrating with an MFI’s back-end system, the ESE™ Enterprise Server connects to an unlimited number of remote handsets across many regions with accurate, visible, real-time data that MFIs require to make best use their financial resources.

Learn more about the eServices Everywhere™ (ESE™) Platform