Policy and claims management offers management processes covering the whole life-cycle of a policy. The solution provides:
- Sales and underwriting in a single solution
- Claims management with broad and intuitive user interfaces for registering, managing and paying out the claims
Fully featured product management offering:
- Efficient tools for both defining new and maintaining the existing insurance products
- Tools for maintaining and customizing the business rules
Mathematical module for actuarial calculations including:
- Parameterized calculation rules
- Calculation services for sales, care and claims
- Services for managing insurable object values, insurance premiums, benefits such as bonuses and discounts, and tax calculations
- The option to centralized multiple fragmented calculations into a single solution enabling lower maintenance costs
Money management process:
- Provides online user interfaces to access invoicing and payment data such as invoicing status, premiums, accounts receivable and payable, and compensations
- Enables combining billing data into one customer invoice
- Includes automatic functionalities for invoicing and money allocation
Client management including:
- Services for managing individual and corporate clients
- Specifying the ownership of clients and policies in accordance with the organizational structure
Modern and modular web-based platform enabling:
- Adding new modules to the solution as required by the business
- Web-based user interfaces
- Java-based (XML+SOA) interfaces for batch or online integration