Policy Administration System

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Overview

As digitalisation transforms the way we interact with the world, financial institutions like insurance and fund management companies need to incorporate innovative technologies in their processes. They need solutions that enable easy customisation for a more customer-centric view while empowering cost optimization. Insurers of today, also need to be more data driven and enhance investments in their digital capabilities to improve customer value, and build back-end processes that support platform scalability.

3i Infotech offers a complete Insurance Management Suite, PREMIA® that today empowers over 115 Insurance companies to deliver best in class solutions across multiple Insurance verticals. With strong domain capabilities in Life, General, Health, Group Life and Islamic Insurance, the solution offers powerful and flexible product configuration, enabling businesses to launch new products with speedy go-to-market tools and drive new business acquisitions through a digital ecosystem 3i Infotech also offers a comprehensive application, MFund® Plus, a powerful automation tool to various financial institutions undertaking Fund and Asset Management activities.

Key Features

  • PREMIA® ASTRA

    PREMIA® Astra is built ground up using state of art technology to revolutionize the insurance industry and reduce complexities involved in insurance operations. PREMIA® Astra Suite provides a dynamic range of solutions for insurers to operate across every business channel and product line.

    Salient Features of the product include:

    • End to End Insurance Solution: PREMIA® Astra provides a one-stop solution for all insurance operations
    • Cloud Enabled: PREMIA® Astra is capable of being hosted online to allow remote access for insurance administration
    • Modularized Approach: Modular approach of PREMIA® Astra provides flexibility to deploy either a single module or the entire end to end integrated solution as per the needs of the Insurer
    • Guided Navigation: PREMIA® Astra’s interface is user friendly and its guided navigation is based on a seamless workflow
    • Responsive Design: This enables access from multiple end devices like mobiles, tablets, laptops and desktops.

Key Benefits

  • Flexible and dynamic components and tools that can be easily adapted to any business requirement

  • Integrated risk-analysis tools

  • Innovative product configurator with tariff and formula components to set up complex premium ratings

  • Deployable in both Internet and intranet environments