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For Business Enterprises

Centralized Insurance Management for Enterprise Risk Control

A centralized, intelligent insurance management platform designed to streamline policy, claims, and risk processes across large enterprises.
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Overview

Managing insurance across multiple entities, locations, and asset classes is complex and often fragmented. Manual processes, disconnected systems, and limited visibility make it difficult for organizations to track risk exposure, manage claims efficiently, and ensure compliance.

Innoval’s Insurance Management Solution provides a single, centralized platform to manage the complete insurance lifecycle—from request for proposal and policy creation to endorsements, claims, and settlements. Built on SAP Business Technology Platform (BTP) and integrated with SAP S/4HANA, the solution delivers real-time visibility, workflow automation, and actionable insights across the enterprise.

Major Challenges Faced by Your Business

Fragmented Risk Visibility

No consolidated view of insurance coverage and exposure across group companies

Manual & Inefficient Processes

Email-based workflows with limited accountability and audit trails

Complex Policy & Renewal Management

Difficulty tracking renewals, endorsements, and coverage adequacy

Limited Reporting & Insights

Challenges in generating consolidated, real-time risk and claims reports

Lack of Centralized Data

No single source of truth for policies, claims, and documentation

Compliance & Audit Pressure

High effort required to meet regulatory and internal audit requirements

Key Features

  • Centralized Policy Management

    Single repository for all insurance policies, documents, and related data across group entities

  • End-to-End Lifecycle Coverage

    Covers RFP, policy creation, endorsements, claims processing, and settlement

  • Workflow Automation

    Automated approvals, alerts, and notifications to reduce manual effort and delays

  • SAP Integration

    Seamless integration with SAP S/4HANA for POs, payments, service entries, and accounting

  • Claims Management

    Structured claim initiation, documentation, tracking, and settlement workflows

  • Real-time Dashboards & Reporting

    Consolidated visibility into policies, claims, exposures, and insurer performance

  • Audit & Compliance Readiness

    Complete traceability, document control, and SLA monitoring

  • Configurable & Scalable Architecture

    Built on SAP BTP, enabling modular expansion and future enhancements

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