Comprehensive insurance systems that work in concert
Efficiently manage operational resource effort, time, and costs with INSIS — an integrated environment that automates anything from centralised data management to commissions and reinsurance transactions. Run high-performance back-end and front-end processes that make a difference for your customers.
All-in-one insurance management system that feels native
Policy Administration
A module providing product lifecycle support across quotations, underwriting, alterations and renewals:
Quote and apply
New business quotations, registration, premium calculations, conversion to applications or draft policy. Full support of quote versioning and forward communication.
BPM integration
Business processes orchestration via integration with the INSIS BPM module.
Group insurance
Full support of group insurance, including employer billing and member billing, bulk handling of member data, and policy alterations.
Pricing
With INSIS Rule Engine for premium calculation, where complex rating factors, loadings, discounts, etc. are configured.
Policy mid term changes
Comprehensive support of policy alterations, annexes, and out-of-sequence modifications.
Life actuarial calculations
For life assurance policies with savings components, e.g. endowment and unit-linked policies, INSIS’s Life Maths module creates and maintains a savings or investments account and uses actuarial formulas to calculate reserves, surrender values, bonuses, etc.
Underwriting process
Ability to automatically or manually set specific risks, covers, limits, discounts, and more. Manage supporting documentation and communication.
Automatic renewals and renewals simulations
Based on user-defined qualification criteria.
Claims Management
A module providing a uniform approach to processing claims across any line of business.
Comprehensive processes
From first notice of loss (FNOL) to claims settlement and subrogation.
- FNOL management — ability to consume FNOL from multiple sources
- Claim automatic assignment, User desktop/workbench
- Case management — manage all losses from a single event across multiple policies
- Fraud detection — through automatic reference to previously registered claims information via INSIS rule engine
- Workflow — automatic tasks generation via jBPM integration
- Quick notes, reminders, ad-hoc tasks
Third-party payments
Support of service claims involving payments directly to providers.
Provider management
Manage providers of services with their contract details and price lists.
Claims settlement control
With reference to in-force limits and conditions, minimising the risk of claims payment errors, with full support of document collection, damage evaluation, indemnity calculation, payment request, and claims costs calculations.
CAT management
Ability to define catastrophes by peril, geography, date, or other criteria.
Claim history and audit
Saving a history log of all user operations, related financial transactions and reserve movements.
Claims adjuster desktop
Screens specifically designed for claims adjustment, with ability to review and modify claims data at each stage.
Reinsurance
Automatically identify and cede claims subject to reinsurance.
Explore the full capabilities of INSIS Claims.
Billings & Collections
A specialized sub-system that manages all the financial interactions between INSIS and external financial systems, e.g. general ledger, accounts payable and receivable, banks, payments operators, collectors, etc.
Accounts and Agreements
Define accounts for all party roles (policyholder, agents, insurer, etc.) with associated billing parameters and related agreements.
Payments
Create, allocate, and re-allocate payments relating to bank transfers, cheques, direct debits, point-of-sale terminal payments and cash. Manage confirmations, clearings and rejections, as well as overdue payments with dunning control.
Statements
Process bank statements for insurance-related operations.
Bills
Manage billing items for policies, claims, commissions, etc. and automate billing runs.
Accounting
Register and process sub-ledger events, and use INSIS’ Accounting Engine and Translation Rules to convert events into accounting statements for one set of books.
SEPA invoicing
For life assurance policies with savings components, e.g. endowment and unit-linked policies, INSIS’s Life Maths module creates and maintains a savings or investments account and uses actuarial formulas to calculate reserves, surrender values, bonuses, etc.
Installments
Accumulate financial requests from all relevant INSIS operational modules, and manage receivable and payment requests including with dunning control.
Notifications
Issue reminders, cancellations, policy suspensions, etc.
Electronic payments
Issue reminders, cancellations, policy suspensions, etc.
People management
Central repository for managing information on individuals and legal entities subject to processes.
Manage all roles
Manage all key data on customers, beneficiaries, insurers, agents, brokers, service providers, etc.
Automatic Validation
Reduce errors and help reduce fraud by automatically identifying insured persons with specific contracts, insured objects and claims.
Single Source
Register, modify and retrieve data from one central source. Maintain the uniqueness of the person across multiple policies and avoid duplication.
CRM Integration
Ability to expose and/or consume data via web services for presentation in the business’ central CRM system.
360 Degree View
Holistic view of a customer’s policies, quotes, applications, claims, premiums, etc.
Third-Party Providers
Managing information on claims service providers, including the registration of associated contracts, services, procedures and prices.
Reinsurance Management
A module that supports the full automatic processing of reinsurance operations.
PAS and Claims Integration
Pre-integrated with INSIS’ Policy Administration and Claims modules allowing for automatic matching of a policy to reinsurance arrangements.
Comprehensive Scope
Supports both treaty (all proportional and non-proportional treaty types) and per risk arrangements (facultative, coinsurance, and fronting).
Reporting and Accounting
Supports automatic generation of Statement of Accounts and Borderaux. Automatic accounting based on treaty adjustment periods.
Full Transactions
Automatic management of ceded and paid premiums, losses, reserves, reinstatements and subrogation, aligned with associated underlying policies.
And much more
Agents and remuneration
Investment management
Compliance
Reporting
Agents and remuneration
Start automating your insurance processes today.
Fast onboarding, frictionless integration, no-touch scalability.