Market pressures have, in effect, driven every insurer to become a digital insurer. Both property and casualty & life insurers are using digital technologies to enhance the customer experience, manage risk optimally and improve profitability. Some are doing this on an ad hoc basis and some are carrying out a larger strategic plan. Insurers are trying to come to grips with a range of factors holding back the return on their investments in data analytics, including a lack of enterprise-wide focus, a tendency to "analysis-paralysis", and concerns about the quality and availability of data. Insurance Sector is data driven and Analytics play an important role. Capture of data seamlessly and its processing can facilitate the Insurance Industry to do better underwriting, reduce fraud and also identify the areas of focus for Insurance growth. Established in 2006, headquartered in Bangalore, Karnataka and co-founded by Rani Paruchuri & Suresh Kumar, Dream Tekis is a software product specialist focusing on building enterprise level software with specialization in domain specific products in Insurance - Life, General/Non-Life & Reinsurance.

Insurance companies are slowly reaching a stage wherse adoption of solid technology solutions is not just another add-on but is a necessity. The insurance sector needs to continuously reinvent itself with the constantly evolving and increasing demands of the customer. However, there still seems to be an over reliance on manual processes for gathering information, maintaining records and decision making related to the rules of the insurance coverage, across all stages in this process. This dependency can affect the overall efficiency of the claim settlement process by increasing inaccuracies and making the process tiresome for all parties. Backed up with a unique Product Configuration Engine, Dream Tekis’ SOHAM Insurance System can rollout any new product within 24 to 48 hours and can automate the process of claims by defending false claims. SOHAM Insurance Solutions and the relevant IT infrastructure support can help in ensuring that the entire claim settlement process is smooth.

With the entire process being automated, it becomes simpler for the customers to identify the stage at which the claim settlement process is held at a given point of time. Necessary measures can then be taken to expedite the process depending on the requirements of the customer.

Profitability Concerns
With the reign of internet as a medium to transact and the shift of customer’s preference from “Ask” to “Seek”, the opening up of avenues for buying policy online & seeking services has ruled out almost every source of revenue for traditional insurers. But with SOHAM Insurance System one can seek the best product/pricing, fill the forms online, get assessed on real-time basis and also get policy issued instantly. Right IT systems make this possible at the backend which in turn helps the profitability of Insurance companies to a great extent.

Extensive & innovative distribution channels shall help the Insurance companies to reach the prospective customers effectively and as a result can help the companies to reach the growth targets. Additionally, SOHAM solutions with Web integrated portals can support Customers and Agents to meet these requirements of Insurance companies.

Catering to the often overlooked SMBs, Dream Tekis also offers SOHAM insurance products on SAAS (Software as a Service) model. This helps companies to have high-end technological solutions at a highly affordable cost.

“Dream Tekis has vast experience in Insurance domain with high-end technology solutions. With our commitment towards Indian Insurance Industry, we have developed user friendly Mobile Apps in the area of Life, Motor, Health & Travel. At present these are available for Agents and we have roadmap to release for Policy Holders & other stake holders in the industry.” Says the confident CEO, Rani Paruchuri.
Dream Tekis’ intense experience of developing and implementing core insurance solutions in the verticals of Life, Non-Life and Reinsurance helps them to understand and meet the regulations of various countries and meet the needs of Insurance companies. Dream Tekis’ cutting edge solutions like Mobile, Web portals & Insurance Analytics is an added advantage for the clients.

With a clientele base from 13 countries of Asia & Africa, ranging from African Reinsurance Corporation, National Insurance Corporation of Eritrea and Prime Life Insurance, Dream Tekis is determined to become a company, widely recognized as a trustworthy insurance based IT Company, by providing software with best services that can bestow better business for the clients.