Insurance
We developed a solution aimed to manage successfully business processes of insurance industry.
Solution Functional Scope
To respond to the expectations of the client and display popular products on the market, it is important to have a flexible system of work with insurance products.
Solution includes:
Insurance products management
Sales and agents
Management of insurance contracts and insurance policies
Regulation
Reinsurance
Reserves and reporting
The solution is based on SAP products and makes it possible to take full advantage of SAP platform: reliability, scalability, security, and functionality of SAP to automate general administrative tasks.
Solution allows you to:
- manage all sales channels of insurance products;
- conduct all the necessary data;
- calculate the agent (commission) compensation;
- form necessary reports.
Compliance of insurance products with expectations of different customer groups is a key to profitability and sustainability of any insurance company.
Solution offers:
- Tools for working with contracts of optional, obligatory and facultative obligatory insurance with automatic bordereau generation for different types of reinsurance: share, excess amounts, quota excess amounts, excess of loss, excess of loss ratio etc.
- Convenient tool to handle the entire process of losses settlement, from the registration of the insured event and the settlement process throughout its life cycle.
- Management and accounting of all necessary data in contracts.