|
| Home> Capabilities > Domain > Insurance |
|
|
Insurance
AIGSS has expertise in developing, customizing, implementing, and maintaining insurance solutions in the following areas -
Property and Casualty Insurance
AIGSS has expertise in developing and maintaining applications for property and causality insurance businesses such as home owners, personal auto, commercial auto, BOP, marine, accident and health, dwelling fire, personal umbrella, personal and commercial lines, and general liability. Our solutions cover functionalities such as-
- Policy Management
- Quote -rating
- Issue - rating
- Renewals
- Endorsement
- Cancellation
- Reinstatement
- Claim Management
- Claim entry
- Reserve management
- Law suit management
- Claims financial
- Premium accounting
- Account current processing
- Direct bill processing
- Billing maintenance
- Reinsurance
- Treaty reinsurance
- Facultative reinsurance
- Reporting
Life insurance
AIGSS has the expertise to build and maintain systems to support the various life insurance products such as
- Whole life
- Endowment
- Term
- Unit linked
- Joint life policies
- Index linked policies
- Mortgage redemption
- Convertible Life
- Money back policies
Our solutions can offer life insurers, the below mentioned functionalities -
- New business
- Quotations
- Leads generation
- New client set-up, maintenance, enquiry
- Interface between leads generation and new clients module
- Proposal set-up / deposit collection
- Underwriting - Financial and Medical
- Policy conversion
- Riders
- Accidental death cover
- Waiver of premium
- Cost of living index rider
- Disability rider
- Level/increasing/decreasing term rider
- Reinsurance
- Compulsory Quote Share
- Proportional treaty, non-proportional treaty, facultative
- Policy servicing
- Endorsements - financial, non-financial
- Policy loans
- Lapse
- Revivals - Ordinary, special, installment, loan cum revival, periodic benefit revival
- Surrenders/partial withdrawals
- Reinstatement
- Non-forfeiture options - Reduced paid-up, extended term insurance, cash surrender, automatic premium loan
- Bonuses - Reversionary, Terminal
- Agency System
- Agent set-up, maintenance, enquiry
- Multiple hierarchy of agencies - reporting, compensation
- Agents promotion, termination
- Agency commission - direct, overriding, bonuses, other benefits
- Salaries
- Accounting
- Billing, deposits and disbursements
- General Ledger interface
- Claims
- Death claims
- Disability claims
- Maturity Claims
- Partial Survival benefit claims
- Reporting and document printing
- Policy schedule & contract documents, letters, statutory reports, user reports, actuarial reports, management reports
Reinsurance
- Underwriting
- Cession/retrocession
- Claims handling
- Treaty administration
- Accounting
- Retention management
|
|
