RIFE | Sollers

Unlock bancassurance potential with RIFE

data architecture icon

Data Architecture icon White

Adapt to changes fast and at low cost

With RIFE you can decrease product development cost up to 90%;
Avoid problems caused by regulations by swiftly adopting your products with RIFE;
Meet changing expectations of your clients and become ready for customer-centric approach of selling insurance.

data strategy icon blue

data strategy icon white

Become independent from core banking operations

Manage services in one place in a low-code development platform;
With RIFE you are less reliant on Third Party Administrators;
RIFE is inline with banks technology stack, which ensures easy maintanance and safety of your data.

Data Migration icon Blue

data migration icon white

Automate your workflow and reduce costs

Increase customer satisfaction and conversion rate by automatically presenting them personalized offers;
Send selected reports to insurer automatically;
Spend less time on repetitive tasks and focus on your strategy.

Single Source icon Blue

single source icon white

Expand your revenue sources and reach new clients

Explore new sales channels thanks to short development and release cycles;
Support omnichannel customer journey;
Better understand touchpoints customers have with your business.

Reasons to choose RIFE as a Bancassurance software

Having been in the market for over 20 years, at Sollers Consulting we understand insurance and insurance logic

RIFE is fit-for-purpose IT solution providing best-in-class insurance systems functionalities, tailored to bancassurance needs

The implementation is carried out by a dedicated team of specialists, working only for you, with in-depth knowledge and expierience in insurance sector

In RIFE, insurance logic is centralized in one system which enables:

easy and quick configuration of products, tariffs and processes tailored to the needs of bancassurance and insurance sales channels in banks
all the handling processes required for insurance services in banks
modern and quickly configurable API allowing you to quickly start selling with any front-end

In RIFE, insurance logic is centralized in one system which enables

demands and needs analysis in line with the latest regulations and product recommendations based on customer information
user-friendly screen configuration
easy integration with other systems in the bank
solution in line with compliance requirements

rife app interface on mobile and desktop

How did a bank unleash digital potential of branches to sell insurance?

Having thousands of conversations with customers every day, the bank knows their concerns and biggest risks. To address those risks, the bank chose to expand its insurance offer to provide comprehensive protection for loan takers. The bank decided to develop a standalone insurance products portfolio to open up new revenue streams.

One of the main business assumptions was selling insurance through bank’s wide network of branches. Already having a complex range of banking products in the offer, the sales process needed to be fast and easy both for the customers and for the bank’s sales staff.

See case study

How did an insurer digitalize bancassurance and affinity processes?

As Polish life insurance market was in a downward trend throughout recent years, our client decided to follow a growth strategy in the area of P&C insurance. Due to historical engagement in life insurance, successful implementation of the new strategy required adjustment of its IT systems architecture. To reach this goal a decision has been made to simultaneously modernize the core insurance system and implement new platform dedicated to products and distribution processes management.

See case study

More flexibility in the insurance business The bank's insurance logic was spread across several systems, resulting in a long response time to market changes. In the light of the “Provisionsdeckel” – a German regulation that will put a cap on commissions – the bank decided that its insurance logic needed a deep overhaul. One of the main business assumptions was the sale of insurance through the bank's extensive branch network. With an already complex range of banking products, the sales process had to be quick and simple, both for customers and for the bank's sales staff.

See case study

All case studies

Send a message

Piotr Pastuszka

Senior Manager

bancassurance hero image for article

Digitalisation Digital bancassurance as future of banking industry

Read more

Business advisory Business Ecosystems – Strategy for The Future

In times of rapidly changing technological environments and customer preferences companies face unprecedented challenges. New digita... Read more

RIFE RIFE Digital Omnichannel Platform

Read more

RIFE Digital insurance brochure

Read more

RIFE Create choice and guide the customer

The insurance industry is undergoing obvious changes, and we’re all trying to predict them. Historically, one of the best methods ... Read more