At the forefront of Insurtech, The Aurelius System was developed based on industry best practices, leading software development methodologies, and cutting edge technologies. Built to scale both vertically and horizontally, The Aurelius System is designed to satisfy and adapt to the rapid growth requirements of the insurance industry.
Powered by The Aurelius System, leaders in Insurtech sportsinsurance.com and sportunderwriters.com have changed the way insurance is transacted and bound by individuals and brokers/agents in the specialty line that is sports and special event insurance.
Benefits of The Aurelius System
Better Underwriting
Better Risk Management
Better Pricing
Better Coverage
Better Service
- More Volume of Business
Fewer Claims
Increased Productivity
Profitable Growth
Characteristics of The Aurelius System
- Usability
- Reliability
- Adaptability
- Scalability
- Accuracy
- Maintainability
- Traceability
- Reusability
- Readability
- Testability
- Integrity
- Security
Technology & Tools of the Aurelius System
Microsoft .net web based platform
Cloud based
Open and closed API – designed for external communication
Business intelligence (Power BI and Microsoft reports)
- Innovative rating system
- Innovative automated documentation service
Process supported by Azure DevOps
Internal ticketing system
Automated emailing system
Software Pay-offs of the Aurelius System
- Ability to import/export data to external systems, i.e. accounting systems (Quickbooks etc.)
- Business intelligence
- Key Performance Indicators (KPIs)
- Comprehensive dynamic applications
- Automated underwriting rating matrix
- Realtime quoting and binding abilities
- End to end insurance cycle (zero rep intervention)
- Actioning available on files post bind
- Real time data
- Simplified and expedited product roll outs
- Strong task/job scheduler – automated renewals, follow-up mechanisms, etc.
- Online payment (third party provider supporting credit card and ACH payments)
- Regulatory sanity check – quality assurance governing data
- Real time reporting function (bordereaus, financial reports, etc.)
- Self service software – agents are able to manage their business through their portal
Technology + Business Logic + Customer Journey = Industry Driven Innovation
True innovation in insurance delivery is possible only in combination with the realities and rigours of the client/broker journey. The Aurelius System was built from the inside out, with brokers/agents working in tandem with an in-house team of software engineers to ensure that the complex business logic and refined processes of the insurance industry were captured and implemented.
In the end, it took a special alchemy of technology, business logic, and a deep well of insurance experience to bring the Insurtech innovation that is The Aurelius System to life.
SportsInsurance & SportUnderwriters
The Aurelius System in application:
SportsInsurance
Servicing the direct to consumer sector since 2000
SportUnderwriters
Servicing the brokerage/MGA sector since 2008
*The Aurelius System allowed both properties uninterrupted continuation of facilitated insurance offerings throughout the pandemic, including for example virtual online coverage for sports instruction, equipment and facilities, and property coverages.
“The impediment to action advances action. What stands in the way becomes the way.”
– Marcus Aurelius
