These community forums are free for anyone to use, they provide support for OpenUnderwriter related matters. Please note, you must register with the website and login to post messages and questions, this helps reduce spam.

Support Forum

Aggregation - Product Categorisation

Aggregation - Product Categorisation

Would be useful to be able to illicit quotations from multiple products with a single set of questions.

E.g. User submits details of driver and vehicle, then receives quotations from all products in a "Comprehensive Motor" category in tabular format. CMS component would allow user to sort table by price or customer ratings for specific product/insurer.

Administrator has disabled public posting. Please login or register in order to proceed.

Re: Aggregation - Product Categorisation

This is something that we have had in mind for OpenQuote for quite some time. In fact, it would be possible to do something like it at the moment if the product is structured in the right way, but explicit support would make the job a lot easier.

In principal, all you need is the ability to associate more than one set of risk assessment rules with a product and the ability to have multiple assessment sheets associated with each section and with the policy. You then just need some screens to display the tables that you describe and allow the user to sort and to select the one quote that they want to proceed with.

The multi-quote feature is in the project backlog. Do you have a specific requirement?

Ta.,
Dick.

dickanderson
OpenUnderwriter lead developer
useravatar
Offline
309 Posts
Male  Website 
Administrator has disabled public posting. Please login or register in order to proceed.

Re: Aggregation - Product Categorisation

Thanks for the reply, Dick.

No specific requirements in the immediate future. Although that will most definitely change by the new year. I do recognise that your target market isn't quite those engage in the aggregation model or further that using it in Africa on a budget would stretch stretch my budget if I went down the "hosted" route.

That said, I thought Openquote was a great starting point to build on when I found it 8 months ago. I've come back to Openquote after hunting around for an off the shelf platform that didn't cost an arm and a leg to set up an insurance aggregation service with.  Back then I didn't have as much time on my hands for the steep learning curve promulgated as I do now. I do hope you'll bear with my "novice" questions going forward.

Given my intended use, I noticed no forum section exists for security. Is the existing the current platform that "hardened" already that the developer team don't touch on it or is that left to would be implementers? Would be useful to get your take on how Openquote stacks up against OWASP's current Top 10 threats.

Administrator has disabled public posting. Please login or register in order to proceed.

Re: Aggregation - Product Categorisation

The aggregation model is certainly something we are keen to support, it's really just a matter of balancing priorities. Right now our focus is on upgrading the platform and building in support for more of the policy and claims life-cycle but support for aggregation is in the project backlog.

Quite a bit of interest has been shown in OpenQuote from users in Africa over the last few months. Mostly in the area of microinsurance. This is also an area we're keen to explore, though it does seem to be an up hill struggle to get any real-world requirements defined.

In terms of hosting costs, you might like to consider the shared hosting option (http://www.appliedindustriallogic.com/s … al-support). Drop us a line here: http://www.appliedindustriallogic.com/contact-details and we can have an off-forum chat.

In terms of hardening: the normal OpenQuote distribution that you download from sourceforge is ready to go as a development/test environment, but production deployment requires some additional work. In our production environments we typically host on a hardened Ubuntu server with Apache as a proxy. Apache forwards only specific requests onto the OpenQuote JBoss instance, and that instance is only accessible locally. I believe that this kind of setup meets many of the OWASP top-ten - though we haven't done any specific testing against that list.

Ta.,
Dick.

dickanderson
OpenUnderwriter lead developer
useravatar
Offline
309 Posts
Male  Website 
Administrator has disabled public posting. Please login or register in order to proceed.

Re: Aggregation - Product Categorisation

Thanks again for the info, Dick.

With my "red hat" on, if I did become involved in the microinsurance (MI) sector, I'd sell policies through rural banks and microfinance or credit facilities that the target population already has some relation with. I think Openquote would help as a bridge for renewals. e.g. generating renewal quotes/policies in response to IVR prompts in a native language  or parsing requests via SMS (e.g. prefix bank account number, weight of produce being sent to the market today, market name etc). Focusing more on renewals as an automated system allows me get to get around the issue of getting policy documentation to the insured repeatedly considering the sums involved. In my experience, the target population for MI don't tend to top up their mobiles with large amounts (i.e. £10 or £20 as in the UK). So it would be useful to be able to perform a quick calculation from the voice response or SMS and compare a premium to the available balance in a rural bank account or credit scheme to reduce the risk to both bank/credit scheme and insurers.

Whether or not the demand can be cultivated for such products though is anyone's guess. Uptake signs in Kenya (who's farmers are thought to be slightly higher up the tech adoption scale in Africa in light of Mpesa etc) aren't the most encouraging. If you don't know about it already, then the ILO's Microinsurance Innovation Facility is a great resource on the subject with quite a bit of field research reported on.

You may also be interested in the following World Bank article on "Access to Insurance Products" which sites "real world" sectors or spheres in which micro-insurance products would make an exacting difference. But the WB isn't the best example of an organisation which throws money at the right solutions so I'd be careful in following their lead.

With growing access to innovation and a burgeoning middle class I think what the continent needs more of is "entrepreneurship" insurance products which would serve as a tipping point for those who's passion for innovation is tempered by a funding gap (and we have a lot of them). Those "little" guys will provide the new markets our insurance industry needs to grow. 

P.S.
I hadn't noticed the shared hosting option before. Will most definitely be in touch after the Easter holidays.

Administrator has disabled public posting. Please login or register in order to proceed.
There are 0 guests and 0 other users also viewing this topic

Connect

Get in touch with the team

     

OpenUnderwriter

20-22 Wenlock Road
London
N1 7GU
United Kingdom

Contact

 contact@openunderwriter.com
 +44 (0)20 7183 4578
 Contact form