GLIMS is a set of modules seamlessly integrated, giving the insurance company a competitive edge by having its daily information fully disseminated and on line updated.
The Client and Intermediaries Administration module handles the physical and moral persons dealing with the company such as policy holder, insured, agents, intermediaries, service providers, doctors, expert, loss adjustors, banks, mortgagees, etc.
The Policy Maintenance General module handles the various casualty and property line of business such as Motor, Marine Cargo, Marine Hull, Fire, Burglary, Personal accident, Cash in Safe, Cash in Transit, Workmen Compensation, Engineering, Travel, Bankers Blanket Bond, etc… It also allows easily the system administrator to define a new class of business and new products.
The Policy Maintenance Life module manages the lifecycle of life insurance policy from inputting a proposal until its maturity. It handles several life products such as Fixed Term Life, Increasing/Decreasing Term Life, Investment Plans, Whole Life, etc… Through this module, policy holders’ investment is well managed and maintained.
The Premiums and Receivables module handles each policy’s bills from issuing till settlement. It manages all method of premium payments such as Cash, Cheque, Direct Debit (i.e. Bank transfer), Standing orders and claim’s credit note.
The Management of Commissions module provides a flexible solution for agents/brokers commissions. It allows the definition of several direct commissions’ and override schemes by class of business, products and covers.
The Management of Claim module processes all types of claims: Motor, Marine, Fire, Death, Maturities, Surrenders, Waiver, etc…
Claims are tracked from the reported date till the closing of the claim, according to pre-defined company’s workflow.
The Management of Reinsurance module accommodates all types of treaties, proportional, Excess of loss and facultative placement. Treaty’s accounts are updated on line real time.
The General Ledger and Accounts Payable modulereflects on line and in real time, via accounting vouchers according to a predefined chart of account, all the financial figures derived from every insurance operation processed by the technical departments on the insurance company.
The Units Accounting provides a full management for the unit linked policies, where a part of the premium paid on a policy is going to be invested in one or more funds, according to a predefined investment plan
