Comarch Life Insurance

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Overview

Comarch Life Insurance is a comprehensive system supporting individual and group life insurance. The system is perceived as a platform which can handle any type of protection, pension, savings and investment products with possible extension to health insurance.

The solution allows for an efficient management of all business areas and it focuses on product definition, group offer presentation, policy operations, fund management, settlements, technical provision calculation. Thanks to its modular structure and unique flexibility, the system can be tailored to an individual customer’s needs and requirements, including the individual life cycle of business processes and the specific nature of a particular insurance company.

Key Features

The system gives possibilities for comprehensive policy administration. Key features are:

■support for both individual and group life business

■product development including the actuarial calculation engine, the rate table and the update management tool

■extended scope of stored data and interfaces

■full policy life cycle support – quotation and application management, policy issuance, ongoing contracts administration and endorsements

■possible extension for collection and disbursement support, as well as technical sub-ledger accounting

■comprehensive and ergonomic policy and contract data overview with versioning.

Key Benefits

The system is characterized by process optimization and improves competitiveness of the insurance company. Key business advantages are:

Competition left far behind-Quick adjustment to market changes with flexible and configurable tools

Process optimization - Process-oriented solution ensuring a high level of automation and more efficient task management

Costs and mistakes reduction - Optimize and automate customer service processes, four-eye acceptance and support by system calculations and verifications

Scalability to meet business and IT needs - Modular architecture, proven technology and the SOA approach delivered by a highly experienced team

Continuous development and growth - New perspectives and possibilities to expand the worldwide business