The current release reflects our efforts to always strive to create value for our customers and ensure they are never left behind. Welcome to an enhanced INSIS:
Modular Architecture
Following the latest release of INSIS, we are continuing to build the modular architecture of the future. New features and bug fixes are introduced through individual module drop releases to ensure seamless deployment to the running system without disrupting the entire INSIS application.
The Future is “Updates”
Minor releases now maintain backward compatibility within the same major version, simplifying updates. The size of upgrade projects is reduced, even for major version upgrades, compared to past benchmarks.
Multi-Tenancy
INSIS now offers multi-tenancy to boost reduced deployment costs encompassing deployment and infrastructure resources, streamlined product configuration across all entities, simplified maintenance, and more efficient testing processes. Insurers operating in multiple countries with distinct entities can offer products across borders with varying premiums and taxes.
New Business Features
This release contains a wide array of new business features, including significant enhancements for INSIS users:
- Reinsurance Automation: Advanced features such as currency fluctuation management, improved index clauses, and efficient claim aggregation are enabled.
- Unit Linked Module Functionality: We have bolstered the Unit Linked module by addressing two crucial aspects:
- Cost of Insurance Dynamic Calculations
- Request Execution Order Storage
The new features are a leap forward in our continuation to optimize operations and provide even greater value to our clients.
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