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rights reserved
Platform Ver 2.8
We have proved that operational costs can be reduced, financial control tightened. Insurance is the first field we are tackling: Insurance products taken to market in weeks rather than months or years.
Making your Documents Work for You:Document-based Work Automation March, 2020
MCP 2.8 (Micro Cube Platform)
MCP(Micro Cube Platform)
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• Pain Points: WHY MCP?
• MCP Introduction
• Value Proposition
• A Proven Track Record
• MCP Sales Models
• MCP Components
INDEXMicro Cube Platform
MCP(Micro Cube Platform)
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THE GLOSSARY OF ACRONYMS
TERM DEFINITION
PV Premium and Policy Reserve
MCP Micro Cube Platform: Solution Suite for Insurance Product Development
MagicPV Automatic Solution for PV calculation
MagicTerms Document Management Solution (formerly ezDoc)
MagicOne Program Tool generated by only Diagrams (Business Rules Management Engine)
PORTAL This allows each level of the team internally to search and access updated info (assigned by the level)/KMS
Glossary of Acronyms
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“ Three Selling Points of entering theJapanese Insurance Market”
321Most SimilarInsurance & Regulations
Very Close Neighbor
BlueOcean for Insurtech
Pain Points – Why Japan?
• Easier to do business in countries in the same time zone and only a 2.5 hour flight away.
• Minimal customization due to similarities between Japanese and Korean insurance markets.
• Early adopters of MCP in Japan will have a significant advantage over their competition.
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“ Four Difficulties in Product Development ”
4LinkagesDocuments
3Equations
2Standardization
1Document
Standardization
• Documents were prepared without any special criteria.
• Without a standard template, it is difficult to apply document forms and changes.
• Mixed HWP, DOC, Excel, etc.
Calculation Method
• Writing formulas, variables and constants in documents
• Recognize specific values in text.
• In addition to international standard Notation,
Required Documents
• Meeting log• Calculation method• Business method• Product manual• Terms and Conditions• Updated Product
Comparison Table• Insurance securities,
etc.
Linkages Between Documents
• DOC -> HWP or DOC linking in HWP
• DOC -> Excel or Excel -> DOC connection
• HWP -> Excel or Excel -> HWP linkage
4 Reasons why domestic companies abandoned development
Pain Points – Why MCP? Difficulty in automating product development
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1. Standardization
1. Difficulty standardizing documents
• The product development team of the insurance company is in charge developing the policy parameters before the programming team develops the actual application.
• The traditional process has been just copying and pasting documents and their contents. However, we have created a free form document system that works without regards to standardized formatting for documents, formulas, and regulations.
• There are no restrictions such as HWP, Excel, Doc except for the document submitted by the Insurance Development Department.
• Duplicate text of key documents such as terms, calculation method, business manual, product description.
2. Difficulty standardizing formulas
• The formula of the calculation method is based on international standard actuarial mathematics, but it is difficult to standardize variables and constants by expressing autonomous formulas in Korea over time.
Risk Factors (q)
Other costs (α, β)(Contract costs, management costs))
Interest Rate (i)
Age to be insured (x)
Payment Period (m) Coverage Adjustment Factor (S)
Adjustment Factor (δ)
Pain Points – Why MCP? Difficulty in automating product development
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2. Formulas
1. Non-standard formula notations 2. Mix of variables, constants, and values
Pain Points – Why MCP? Difficulty in automating product development
J x+t
I x+t
金利 (i)
K x+t
金利 (j)
M x+t
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3. Documents
1. Versions of various documents and tables of change, history management required
Pain Points – Why MCP? Difficulty in automating product development
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4. Linking
1. Call and reference cross-document between DOC, Excel, PDF
Pain Points – Why MCP? Difficulty in automating product development
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Product
MagicTerms 3.0Best-in-class AI-enhanced document management system that parses every word and formula allowing us to compile the data from the document directly.
Let’s you fully edit documents from any view in MagicTerms, even in the side-by-side comparison.
MagicOneBusiness Rules Management Engine – MagicOne can create a variety of automated custom workflows quickly and easily.
Magic PVFrom just the Product Spec docs and a table, automatically calculate and verify values such as premium and reserves.
PORTAL
The user’s interface to access document change history, bulletin boards, schedules, etc. on the web so that the information for the products can be shared by the designated teams. Also, Provides fast search function for the DB of each parsed and compiled document.
MC
PC
om
po
ne
nts
You can select the features as you need
MCP Introduction - MCP Components
MCP Platform Suite
Engine
MCP(Micro Cube Platform)
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Function
Local Company Global Company
MCP(Micro Cube Platform)
PVMS eDrive ArborText Lunos Moses
Programming LanguageJava,HTML5,
Spring frameworkJava,HTML5,
Spring framework - -Java Base Insurance
PlatformFinancial Risk
Management Platform
Price $1.8 ~ $2.7 million dollars $100K ~ $200K $500k $3 million dollars $18 million dollars $2.7 million
Sales PolicySeparate USER and
CORE policiesSingle copy license - - Site License Site Copy
Productivity Increase High low low low low low
Multilingual Support YES - - YES YES YES
Product development function(Automated implementation)
Fully automatedProduct Development
No function(simple simulations)
No function(simple simulations)
No function(simple simulations)
Doc, Excel Excel
Portal supported - - - supported -
Supported DocumentsHWP, DOC, Excel, PPT
PDF* - C ++, Excel - Doc, Excel Excel
Version control YES - - - - -
Policy Creation Period 1~2 days - 1 month - 2~3weeks -
Custom Software needed Not needed YES YES YES YES YES
Built-in Document EditingProvides all document
editing and comparisonfunctions
- - XML in the documentAll tags must be inserted unknown unknown
*PDFs with highlightable text
Value Proposition Comparison with Our Competitors
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Case 1 Case 2
Name Hanhwa Life Insurance Company Ministry of Government Legislation
Solution Type MCP Insurance Product Development MagicTerms Document Management
Main Issue
- Manpower-intensive development (5 ~ 50 people) - Time required for product development (6 months~) - Annual renewal of insurance products - Frequent turnover of manpower - Need to record history and progress of the product
- Manual editing of many documents- Difficulty in creating a comparison sheet for documents- Difficulty of bulk editing of documents- Difficulty of standardization in documents- Difficulty in searching related documents of working documents
Solution
- Product development cycle management (120 years) - Improve the work efficiency(80% +) - Management of the whole process of product development - Dependence on the workforce is lowered - Error-free and automated PV output- Version tracking history for all documents in the system
- Spell check required for many documents - Spacing check - Create new and old balance sheets and change tables used in terms and policies - Automatic generation of revision statements to send out to clients - Bulk correction through other law revision
ROI
- Savings on product development personnel- Reduced product development time to release it faster- Reduced labor costs- Overall cost reduced by 85%
- Savings on product development personnel- Reduced product development time - Reduced labor costs- Overall cost reduced by 80%
4. Value Proposition – Case StudiesValue Proposition - Case Studies
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5. Mainline Clients – a proven track recordA Proven Track Record
“KB Starters Company “
“KB Securities ” Invested
“Unicorn Nominee Startup” Selected
“KB&PNP Global Startup
Scaleup Extra Mile“ Selected
Korea’s No.2 Life insurance
Company, Hanwha Life
Making All Products Using MCP
Korea Government Departments:
notably, Ministry of government
Legislation is using MCP(MagicTerms)
for statute editing process
HIRA using MCP(MagicOne) to examine
National Health insurance claims
& In-person Inspections Nation Pension Service,
Using MCP(MagicTerms&Portal) to manage
National Pension Regulation & Litigation
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Permanent
license sales
+ Maintenance
SaaS
Model(Monthly, Yearly)
6. MCP SALES MODELSMCP Sales Models – SaaS & Permanent license
Maintenance
(20%)
Insurance companies& Actuarial Firms
Direct Sales
B2B, B2CMainline
Membership
SaaS Contract
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1. User registers all documents in the portal 2. Automatically compile all documents into a DB
3. Checking premium and reserve amount documents 4. Automatic modification of old and new documents
MCP Components - Solution Utilization Process
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상위 인덱스: 제2호가목
제목
Policy
1
암보험에 등에 관한 …
자동차검사기준 및 방법(제73조 관련)
별표 별표 4
일반기준 및 방법
가자동차의 검사항목 중 제원측정은 …
나
1)
자동차의 검사는 이 표에서 …
자동차의 제원측정 시 구조…
…
2 2. 신규검사 및 정기검사
가 가. 비사업용 자동차
표
헤더
항목 검사기준 검사방법
내용
1)동일성확인
자동차의 표기와 … 자동차의 차대번호 …
2) 제원측정제원표에 기재된제원과 …
소, 말, 당나귀, 노새, …
3) 원동기 가)시동상태에서 심한진동 …
공회전 또는 무부하 …
나)원동기의 설치상태가확
원동기 설치상태 확인
다)점화ㆍ충전ㆍ시장치의…
점화ㆍ충전ㆍ시동장치
라)윤활유 통에서윤활유의…
윤활유 계통의 누유 및유
마)팬벨트 및 방열기 등 냉…
냉각계통의 손상 여부…
3)동력 전달장
가)손상ㆍ변형 및 누유가없
변속기의 작동 및 누유 …
나)클러치 페달 유격이 적고…
클러치 페달 유격 적정
추진축 및 연결부의손…
상위 헤더: 감사방법
좌측: 2) 제원측정
내용: 소, 말, 당나귀, 노새, …
별표항목: 별표 4
MagicTerms Editor Document Structure
Document as AssetStandardization of
Document
Stand Alone EditorDocument
Extensibility
By managing the company's business documents, and integrating as standardized document formats,
you can assign value to an independent, flexible, and consistent corporate asset.
MCP Components - MagicTerms Standardizing Your Documents
XML conversion
Standard
Document DB
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MCP Components - MagicTerms Standardizing Your Documents
A solution that finds the differences between documents such as terms, laws, regulations, altered and edited sections and compares the differences.
Side by Side Comparison
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MCP Components - MagicPV
Calculation method automatic compilation screen Debug screen of calculation meth
Document compilation technology
• Automatically programmed when creating documents (real time)
• All insurer's calculation methods are available (other documents are possible)
• Simulation based on insurance payment period and age (real time)
• Automatically generate final documents
Document debugging technology
• Document Error Display
• Real-time check for errors in the formulas described in the document
• Check the document in debugging mode to determine the value entered into the
variable
• Optimal Company Profit Calculation of Insurance Fees
Product List and Info Calc. method and
compilation screen
Document variables
Document constants
PV(premium, reserve)
Console and
real-time logs
Debug by variables, constants, and STEP
Array [] value of the variable
Renewal Info and schedule notification
A solution that is automatically programmed by incorporating the calculation method and produce specifications.After the document is compiled, it automatically creates all the variables, constants, input values, separated screens.
Standardizing Formula
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MCP Components - MagicOne
* A BRM solution that is automatically programmed when you place objects on the screen like a PPT
Standardizing Module
Business Explorer
Logic Editor Window
Component Palette
Property Window
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• A portal solution that allows users other than the product development team to register and search and view all documents.
MCP Components - Portal
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Homepage http://www.mainlineit.com
Address DMC Advanced Tech Center 6F
David Kim Director of International Technical Sales
T: +82-2-712-9037
M: +82-10-3025-6703
We have proved that operational costs can be reduced, financial control tightened,
and insurance products taken to market in weeks instead of months or years.
Contact Information