How Do You Validate the Life Insurance Value Chain?

Eliminate Embarrassing Errors Experienced by Distributors and Customers Post-Product Launch by Reaching Full Test Coverage. Introducing QMT a strategic enabler, to help IT executives meet desired business outcomes.

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“QMT transformed the way testing is completed, coverage is achieved, and the business partners with IT. This groundbreaking approach has improved quality, reduced cost, and improved our responsiveness to the business.”

– Life Insurance Customer, IT Director
The insurance industry is under considerable pressure to deliver quality products with the fewest “Day-2 Issues”.

Learn how a 100-year-old Life Insurance Carrier met those challenges head-on with QMT

Increased Automation

30x increase in automated test coverage vs. traditional manual testing methods

Less Time

Shift from approximately 2,500 manual person-hours to 30 hours of automated testing runtime

Reduced FTE Effort

80% reduction in FTE demand for QA capabilities due to increasing the level of automation

Full Test Coverage

Shift from approximately 30 test scenarios to more than 35,000 test cases covering the entire value chain

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QMT’s high-performance knowledge graph model-based approach enables shift-left, allowing the entire QA cycle to be reduced to a few hours instead of weeks or months.

Improve Product Launches

QMT discovers all defects early, delivering the level of quality needed to meet product launch dates.

Full Coverage at a Fraction of the Cost

Using a knowledge graph model removes manual testing, human error and extends visibility of QA for new products to well-informed business analysts.

Reduce Quality-Related Day 2 Issues

QMT enables IT executives to get more value from the dollars they’re already spending by testing 100 percent of the value chain, providing the fewest quality-related Day 2 Issues, and reducing the inherent risks.

Model Complex Policy Life Cycles

By testing the end-to-end process of life insurance systems, and the integrations between them, carriers can drive quality into product launches and eliminate embarrassing errors experienced by distributors and customers post-launch.

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Eliminate Embarrassing Errors Experienced by Distributors and Customers Post-Launch

Read how QMT’s unique approach to modelling helps IT executives, head of operations and head of products deliver quality on time, with fewer Day 2 Issues.

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QMT changes the way quality engineering is done.

Using a high-performance knowledge graph model of the business logic, QMT enables insurance carriers to shift-left and to deliver product launches earlier, with the fewest quality-related Day 2 issues and reduced risk.

Features for Insurance Carriers:

  • System: Windows 10, 11
  • Memory: Minimum 8GB
  • Storage: 10GB
  • Database: PostgreSQL
  • Browser Support: Chrome, Edge, Firefox
  • Integrations: Jira, Jenkins

Collaboration enables team members to simultaneously edit projects, models and objects, eliminating manual controls, “last saved” race conditions and human errors, maintaining compliance and control in the environment.

By dramatically reducing test cycle execution time, from weeks or months to hours, QMT enables earlier and more frequent testing in the agile development process. QMT was designed to interoperate with in-place systems and integrate into CI/CD processes and automation systems like Jenkins and Jira.

QMT verifies NB/UW electronic data submissions from e-applications, in the ACORD® XML103 format, as input into underwriting and case management systems. This ensures the data integrity of the different possibilities and permutations versus expected results which eliminates NIGO rates altogether.

QMT implements security for a controlled environment that supports SOC2 attestation and HIPPA compliance with access controls and a secured model relational database which reduces risk and exposure to the carrier.

QMT checks the content, layout and the automation of all electronic documentation delivery, including e-signature, first payment requests and issued policies, verifying that cycle time and cost management are maintained.

QMT’s extensible architecture provides a library of common function calls to support testing of the full ecosystem and the integrations between them, including underwriting, policy status, issuance and claims. Also supported is the direct integration of carriers’ existing testing function calls into a model node, speeding test time by up to 4x.

What we doWhat others do
We model business logic, requirements and flowSome hire QA contractors to manually test, or build automation.
Some model step-wise test steps.Build and manage code and scripts
Full, end-to-end test coverageManual testing cannot get close to full coverage
Other software approaches won’t map all combinations
No one else validates the business logic
Changes to workflow or systems code only requires updating the modelManually rewrite code or automation scripts
We test the entire NB/UW process including XML103 and correspondenceTest “low-hanging fruit”
Only follow the most common path
Only test changes since last executionRe-test more than just changes
Enable collaboration to build models fasterLimit access to models or objects
Manually split up code writing

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