Tailor-made Financial Application

Anchor Insurance is an independent, internationally oriented insurance broker for a range of products ranging from fire, construction, transport, logistics to the most complex offshore marine insurances. The team of passionate insurance specialists is fully focused on delivering high-quality customer support.

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Request: Automate complex calculations

Anchor's unique, customized insurance structures lead to complex calculations, with various commissions, discounts and exceptions. Processing these complex financial transactions efficiently and correctly is important for a smooth booking process.

Calculate Complex Transactions 

In order to realize an optimal solution for this trajectory, we have digitalized the complex transaction process with a new tool, developed on the Silicon Low Code platform.

We started with a thorough analysis of all the requirements of the application and the associated calculations. After these were mapped out, we created a calculation model in which all possible calculations and bookings were accurately performed. This model was tested extensively. The tool was ultimately developed on the basis of this calculation model for complex transactions.

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Flexible processing of exceptions

Given the wide range of insurance products that need to be booked, including custom constructions, the application requires functionality to also correctly process exceptional bookings. To achieve this, the system is designed in such a way that screens can be overruled. This allows employees to enter these exceptions in bookings themselves.

Results with the Silicon implementation

  1. Performing complex calculations via one flexible financial application.
  2. Supporting the financial process from booking to invoicing.
  3. Preventing manual work and possible errors in complex calculations.
  4. Retrieving and writing booking data to external systems.
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The choice for new software is not made lightly, we understand that very well. That is why we offer you the opportunity to experience Silicon's numerous functionalities for yourself with an online demo.
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