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MEDICAL BROKERAGE AND UNDERWRITING

MEDICAL UNDERWRITTING

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System Overview

This is a highly parameterized system that can handle unlimited number of product classes both in medical and general business underwriting. The system is built on top of a financial management system therefore guaranteeing out of the box-functionality on the following modules:

  • General ledger,
  • Budgeting,
  • Transaction traceability
  • Depreciation Books
  • Cash management
  • Accounts receivable and Accounts payable
  • Inventory and Fixed Assets management
  • Multi-currency and Multi-lingual and Multi-company, hence creating a one stop solution for any Medical Underwriter/broker looking for a complete solution.

The system has the following capabilities:

  • Product Definition and Setup: Enables creation of product classes and Sub-classification, allows the user to define Excess options associated with the product, define area of Cover and Product options that can discount or load the
  • Definition/Creation of Countries and association with Zones for purposes of premium calculations, Cover Benefits template creation per product among other required setups.
  • Quotations /proposal creation of each individual being covered.
  • Creation of Firm Orders : On confirmation of the quote by the client the quote automatically converted into a firm order
  • Creation and generation of debit/credit notes and their history log storage capabilities.
  • Ability to keep all Policy Records
  • Receipting capabilities
  • Pro-rata Additions and Deletions capabilities
  • Policy renewals: The system has a facility that is run periodically and based on the setup, generates renewal quotes and automatically calculates renewal premium
  • Policy Cancelations and Lapsing: Policy cancellation and lapsing can be effectively handled by the system and lapsed/cancellation credit notes generated.
  • Client, sub-broker and underwriter maintenance capabilities
  • Claims management capabilities
  • Insurance Information: Monitor the insurance coverage and annual insurance premiums of your fixed assets, see whether your assets are under-insured or over-insured, allocate each asset to one or more insurance policies.
  • Reporting capabilities: the system has the capabilities of producing reports as required by the customer and Simulated Report Facilities.

The Technology supported by this product include:

  • Runs on Relational Database Management System MS SQL and Native Navision database.
  • Preferentially runs Microsoft server platform latter than 2000Server -Support XML and XHTML
  • Import and export data with MS Excel
  • Ability output report on MS word, Excel
  • Ability to email reports directly using MS outlook
  • Ability to integrate with light weight database and synchronize remotely VIA PDA

 

Last Updated on Monday, 29 June 2009 09:53