Covering all your insurance processes

Profit Life&Pension is based on a comprehensive suite of web-based software modules that cover all the back-end and front-end processes of your life, pension, risk or savings business. Built on a single platform, our software modules are quick to implement, cost effective to run and easy to maintain.

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Policy Manager

A scalable solution for all life insurance product lines. Enables multi-channel operations, rapid product development and quick adaptation to changing market needs.

• Supports the whole policy life cycle – from calculations and underwriting to daily policy management
  
• Covers all user groups, including sales agents, back office staff, actuaries and self-service users
  
• Incorporates best practices and processes from various markets and multiple organizations
  
• Policy management processes are seamlessly connected to claims handling
  
• Enables fast and cost-effective insurance product development and maintenance
• Utilizes Profit Software's Investment Manager module, which offers extensive functionalities for managing investment targets tied to insurance policies
  
• Supports a multi-channel strategy, so that each sales channel can feature a unique product selection with channel-specific access and user rights. Flexible commission handling also enables channel-specific commission models
  
• Ready-made country packages contain language and currency settings, as well as parameter structures for taxation rules and basic reports. These ensure quick localization and smooth entry into new markets

Client Manager

Registers information on clients and connects them to policies or claims. May be used as an integration point to an insurance company’s master client register, or can be used as a stand-alone client base.

• Allows users to create new private person or company entries in the client register and search for existing ones. Client Manager is integrated with the processes of other system modules
  
• Users can modify and view customer information, addresses and other contact information, identification numbers, bank account details, occupation/line of business, memberships, direct debit authorizations, and more
  
• Features an automated process for halting monetary traffic in case the customer is registered as deceased

Math Manager

A powerful, parameterized software product for developing and running actuarial calculations. Covers the entire lifecycle of the insurance business – from sales to policy management and claims.

• Supports retroactive calculations
• Can automatically select incorrect investment values and recalculate their savings accordingly
  
• Supports unit-linked and risk-life mathematics based on the mathematical technique of Universal Life. A paid-up policy approach can be added on request, as can traditional-life mathematics and the defined-benefit approach
• The scalability of Math Manager has been proven with policy bases that contain millions of agreements

Claims Manager

A scalable software product for managing claims in all life insurance product lines. Parameterized claims handling rules and taxation tools enable fast adaptation to changes in the operational environment.

• Allows the management of all types of life insurance claims – from pension pay-outs to lump sum compensations with several beneficiaries and multiple payees
• Incorporates best practices and proven methods from various markets and multiple organizations
  
• Connects seamlessly to all policy management processes
  
• Reduces manual claims handling through automated processes for handling pension, death and maturity claims
  
• Enables quick reactions to changes in tax legislation or the insertion of country specific tax rules when entering into a new market area. Ready-made country packages ensure fast localization
  
• Supports a full audit trail. Users may view version history, policy level history and claim action logs

Money Manager

A centralized solution for administering all insurance-related money management functions. Includes functionality for combining billing data from different insurance policies – even if they are handled in separate systems.

• Features a standard, easy-to-use web interface for both employees and clients
  
• Combines billing data from insurance policies in different systems, so customers are always invoiced with a single bill
• Supports electronic invoicing
  
• Enables effortless matching and reconciliation of transactions between insurance and accounting systems
  
• Supports a full audit-trail
• Includes online reports for payables and receivables, so interim financial statements can be taken at any time
• Allows business data to be exported to external data warehouse systems
  
• Enables effective premium management and debt collection processes, and provides better quality source data for liquidity management
  
• Integrates easily with external systems, as all data is exchanged in XML format

Commission Manager

A new-generation software module that centralizes all commission functions into a single solution. Contains automated services for effectively calculating, reporting and paying out commissions.

• Commission Manager consolidates the fragmented commission functionalities of legacy systems into a single, modern software product
  
• Centralizes the retrieval of policy data from multiple sources, making it an easily manageable and cost efficient solution
  
• Enables hierarchy models for commission calculation, reporting, and making payouts to multiple organizations and agents. N-level organization hierarchies are supported
  
• Supports a full audit-trail. All actions are traceable afterwards and retroactive corrections are enabled
  
• Integration to external systems is straightforward, as all data is exchanged in XML format

Investment Manager

Designed to manage investment targets attached to insurance products and savings agreements by steering the addition and handling of investments and their values.

• Supports a vast variety of investment targets, including funds, fund baskets, bonds, equities, WP base rate and WOP base rate
  
• Contains automatic fund value management processes, including a process for back dated changes in fund value corrections
  
• Features automatic processes for fund merges, exceptional redemption and subscription periods, and exceptional closing of a fund
  
• Enables the individual handling of VIP clients; a policy level investment portfolio may contain unique investment targets that are not available for any other client

Rating Manager

A centralized solution for managing all calculations concerning general insurance products.

• Calculates the value of insurable objects, insurance premiums, discounts/bonuses and taxes
  
• Provides calculations for both sales and policy change scenarios
  
• Incorporates methods from various markets and multiple organizations, with widely-used input and output structures
• Extensive parameterization allows adaptation to a vast variety of insurance calculations and product development requirements
• A web service interface enables the module to be used by multiple sales or legacy systems