Case Study

Transforming Insurance Onboarding with Real-Time Verification

How API Mall Helped an Insurance Leader Strengthen Compliance, Reduce Fraud, and Unlock Growth with Market Insights

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Client Overview

Discover how Global Insurance Company transformed their business operations and achieved remarkable growth with APIMall's verification APIs.

VR

Vansh Raja

Founder

Global Insurance Company

Industry

Insurance

Location

Pan India

Company Size

10,000+ Employees

Solution Type

Verification APIs

Insurance

Industry Sector

200K+

API Calls

10,000+

Team Members

5 Star

Client Rating

The Challenge

Key Challenges Before Integration

Global Insurance Company was facing several critical issues that were hindering their efficiency and growth.

  1. Slow Policy Onboarding

    Manual checks of PAN, Aadhaar, and Driving Licence delayed policy approvals.

  2. Fraudulent Claims

    Without real-time document verification, fraudulent policies and claims slipped through.

  3. Manual Vehicle Verification

    For motor insurance, validating RC and Challan records created bottlenecks.

The Solution

API Mall's Comprehensive Solution

By adopting API Mall's API, the client addressed these key pain points with measurable results.

  1. KYC Verification APIs

    50% Lower Fraud Cases

    Automated PAN, Aadhaar, Voter ID, and Driving Licence checks.

  2. Vehicle Screening APIs

    65% Faster Policy Onboarding

    Instant RC and Challan verification before issuing motor insurance policies.

  3. Business Verification APIs

    New Growth Opportunities

    GST and Udyam validation for corporate insurance clients.

The Impact

Measurable Results After Integration

The integration of APIMall's APIs transformed Global Insurance Company's operations, delivering measurable results.

65%

Faster Policy Onboarding

Optimized cycles using automobile parts demand forecasting, reducing waste and improving efficiency.

50%

Lower Fraud Cases

With vehicle purchase trend insights, the sales team focused on regions with the highest adoption rates.

40%

Reduced Operational Costs

Unified real-time market data APIs enabled production, marketing, and sales to work together seamlessly.

50%

New Growth Opportunities

Market intelligence APIs gave insights into regional vehicle demand, helping the company design data-driven insurance products.

Key Benefits Recap

  • Single API: Single API for PAN India & State-Specific Challans
  • Instant Payments: Instant Online Payments via UPI and Paytm
  • Faster Policy Onboarding: Automate KYC and RC verification to approve policies in minutes.
  • Fraud Prevention: Detect fraudulent claims in real time with verification APIs.
  • Data-Driven Product Strategy: Leverage vehicle purchase insights to design region-specific insurance products.
  • Lower Operational Costs: Reduce manual workload and human errors through automation.
Client Feedback

Vision for the Future

Vansh Raja shared his vision for future growth and continued partnership with API Mall.

Vansh Raja

Founder

Global Insurance Company

"API Mall's APIs have redefined our insurance journey: onboarding is faster, fraud is lower, and our product strategy is now built on market insights. It's not just compliance, it's growth."

Global Compliance & Growth

Expand verification and market intelligence APIs internationally for faster onboarding.

Smart Insurance Products

Combine predictive analytics with market insights to launch innovative, data-driven insurance offerings.

Ready to Digitize Your Insurance Growth Journey?

Discover How API Mall's Verification & Market Intelligence APIs can help your insurance business Automate onboarding & compliance, Prevent fraud in real-time and Use market insights to design better products and fuel growth.

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