The TrustFlow Platform
We have accumulated over 30 years of knowledge working for insurers, solving their most pressing problems. We recognized some of these problems occurred across all insurers we’ve helped. And now, we have used this experience to build TrustFlow, a new platform enabling you to configure, administrate and value all your insurance products in a streamlined way. Below, we highlight the 3 key technological concepts we adhere to resolve those problems and ensure best-in-industry performance:
Flexible product configuration
Single Source of Truth
Consistent and automated processing
Flexible product configuration
In conventional product and policy administration software, a product needs exact configuration depending on the multitude of parameters the system requires, enabling the correct processing of the policy conditions. TrustFlow reverses that logic: premium calculation and collection, as well as any claims, are handled by a Smart Contract: the product that is saved as a code block, as well as its derived policy. The Smart Contract completely and uniquely stores all relevant product and policy data, without any constraints. This enables the insurer to easily and flexibly configure new products.
Easily configure
any desired product
Single Source of Truth
All source data regarding insurers and policyholders is saved in one place. Any time this information is used, we reference that place. And any change is registered as separate data, so no confusion can ever exist on what data is correct and why. So, any retroactive mutation is a new data field including an indication from which moment the new data should be used.
Always have a synchronised
overview of all your policies
Consistent and automated processing
TrustFlow converts an insurance contract to a Smart Contract: a code block with the stored policy parameters and procedures. In the event of a claim, it automatically and predictably determines steps to undertake, and takes these steps as autonomously as possible. This process structure allows almost fully automatic processing, and ensures 100% predictability on what steps to take or what payout to do in what scenario. As such, it reduces confusion on what claims process to follow, as well as fraud risk.