Which Tools Will Help You Scale Your Insurance Portfolios?

Are your legacy tools slowing you down? You’re not alone.

In today’s fast-moving insurance market — where agility, compliance, and data traceability are critical — traditional core systems are showing their limits.
According to Deloitte, 40% of small businesses in the United States cite legacy systems as a major obstacle to insurance product innovation. The same applies across the insurance value chain: Excel-based pricing, outdated extranets, manual claims workflows, and unpaid premium tracking still dominate daily operations.

These outdated tools slow product launches, increase costs, and degrade the broker and client experience — at a time when digital expectations have never been higher.

Modernisation Without Replacing Your Core System

The good news? Insurance modernization no longer requires a costly and disruptive replacement of your legacy IT.

With Korint’s cloud-native SaaS platform, you activate only what you need — when you need it. Each module connects seamlessly to your existing systems, with no need for a full rebuild.

Here are three types of projects that could be launched in just a few weeks — with measurable business impact.

1. Launch a Digital Extranet Without Touching Your Back Office

Korint Reach – Extranet & Customer Journey Builder

Many insurance players want to launch a new product with a modern customer experience, but are blocked by the limits of their back-office systems.

With Korint Reach, it’s possible to deploy digital-native quote engines and customer service interfaces — for internal teams, brokers (via extranet), or direct-to-customer journeys — without changing your core.

🔹 Modern, slick and efficient quote journeys
🔹 Smooth onboarding journeys for brokers and customers
🔹 Full interoperability with your legacy system

This is modular modernization in action — UX-level transformation, no system replacement required.

2. Move from Excel Pricing to Embedded APIs

Korint Engine – Pricing & Underwriting API

For insurers active in embedded insurance, deploying new programs with partners is often slowed by fragmented tools and manual pricing logic.

Korint Engine helps digitize underwriting and pricing grids into callable, versioned APIs — unlocking:

🔹 Centralized business rules and pricing
🔹 Instant API generations for your retail partners
🔹 Real time visibility on volumes

With this setup, insurers can scale to hundreds of partners while retaining full control of their prices and gaining real-time visibility.

3. Automate the Unpaid Premium Workflow

Korint Modules – Unpaid Premium & Recovery

Unpaid premiums are still a major operational burden for many brokers. Manual tracking, missed reminders, and late recovery efforts all drain resources.

Korint’s unpaid premium module automates the end-to-end flow:
🔹 Detection of overdue payments
🔹 Tiered automated reminders (email/SMS)
🔹 Auto-generation of mise en demeure, suspensions, résiliations
🔹 Audit-ready dashboard with full traceability

💡 Based on internal benchmarks, this module has shown a 40%+ reduction in manual handling time — improving both productivity and cash flow.

In Summary: Launch Smarter, Not Harder

The insurance sector is evolving fast — with new distribution models, rising customer expectations, and increasingly complex risks. But modernization doesn’t have to mean overhauling everything.

Korint’s modular platform makes it possible to start small and scale fast — with real business value from day one. Whether it’s launching a new product, going embedded, or automating key workflows, the building blocks are already here.

You don’t need a revolution. You just need the right module.

Source: Deloitte, 2024 — “Modernizing insurance product development”

‍