Technology
Underwriting Subsystem
- Support for generating quotes & proposals.
- Seamless conversion of proposals to policies.
- An interface with an embedded Rules Engine based on the rating rules of the insurance company.
- Supports all levels of computational flexibility.
FUNCTIONS THAT DEPEND ON UNDERWRITING
Document Management System – Documents to be scanned & uploaded against their respective policies.
Claims Subsystem – Handles Policy Maturities & Event-driven Settlements.
Payments Subsystem – Interface for capturing payments of instruments. Integration with gateways.
An Accounting Subsystem – Provides Chart of Accounts; General Ledger: Financial Reporting.
Receipting – Multiple Allocations, One-To-Many & Many-To-One Receipting against Debit Advice.
Commissions Settlements – Supports Complex Commissions Calculation Models, Highly Flexible.
UTILITY/CENTRALIZED FUNCTIONS
Messaging Subsystem
A flexible and configurable messaging subsystem that handles Alerts/Notifications for birthdays, wedding anniversaries, etc. Integrate with Insurance Company’s SMS Gateway(s) and Email Server(s) accordingly.
Reporting Subsystem
Enables the generation of transactional reports in addition to analytical reports as defined by the Insurance company.
Security Subsystem
Caters for user creation, roles and privileges, and approval limits.
Audit Trail Subsystem
Captures all transactional activities (with a record of day, time, user) undertaken in the solution for full audit assessment.