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.
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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.
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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
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