TRUSTED BY
Over several decades of work, we have become a leading product IT company, whose solutions are trusted by foreign and Ukrainian financial sector institutions. We know exactly what product an insurance company needs, how to create it, implement it, and provide ongoing support.
RELIABILITY, PERFORMANCE, REGULATORY COMPLIANCE
As of today, the system implements the requirements of the National Commission for Financial Services regarding software for personalized accounting of life insurance contracts.
The system's three-tier architecture (client - server - DB) allows for the creation of a unified information space across all branches and representative offices of the company.
The system is built using the industrial Oracle DBMS, which is a leader in the DBMS market for corporate information systems. Oracle DBMS's high reliability and performance ensure the storage and processing of large amounts of data.
NUMEROUS CAPABILITIES, INSURANCE AUTOMATION
Insurance contract management includes calculation of insurance rates in the system, underwriting, reduction, formation of insurance policies, construction of expected contribution schedules, crediting of policyholders, registration of insurance claims, and much more.
The entire life cycle of the insurance contract is automated: from entering the client's application to issuing an insurance policy with subsequent recording of all changes and additions to the contract, sorting and processing payments imported from client-bank systems, and automatic tracking of events under the contract.
INTERFACES, INTEGRATION CAPABILITIES
CS::iLife – an interface for information exchange between banks and insurance companies, that is, between the bank automation system and the LISA life insurance automation system. The interface is implemented in the B2 banking system and the LISA system, and provides for integration with other bank automation systems, uploading new contracts, and modifying existing ones through EXCEL registers.
The LISA system interface is user-friendly and intuitive. The system also provides capabilities for quick search, arbitrary grouping and sorting of data, and generation of necessary reports for printing.
FOR WHOM THIS SOLUTION IS INTENDED, USAGE
We recommend LISA to any insurance companies, particularly those planning to grow.
The system implements several interfaces to various client-bank systems. Additionally, it performs automatic payment tracking and letter distribution. The system automatically records the due date of the next payment under the contract and constantly monitors whether the corresponding payment document has been received. According to the settings, the system notifies the user that payments are due for certain contracts (or that a payment is overdue), and allows for the automatic creation of an official letter for each such contract. The operator only needs to send these letters to the policyholders' addresses.
Regarding functionality enhancement and adaptation: we have taken into account the possibility of changes in the regulatory framework, so if needed, new functions and even new functional modules can be added to the system. The LISA system is also compatible with other information systems (data import and export).
-
User-friendly interface, fast performance, reliability, and streamlined processes. Quick and comfortable payment document import and processing for users.
-
Support for multiple insurance programs, actuarial calculation methodologies, and agency agreement terms.
-
Business process history tracking and business partner data management. Screening of individuals and legal entities for fraud and terrorism connections.
-
Actuarial accounting according to each insurance company's specific requirements and regulations.
-
Simplified agency commission calculations and management.
-
Automatic distribution of investment income both to all contracts and to groups of contracts.
-
Analysis of the insurance company's activities, which includes building analytical reports based on aggregated performance indicators of the insurance company.
-
Reliable data protection through industrial Oracle DBMS. The system automatically maintains a log of all changes that occur with its main entities - log data cannot be edited or deleted.
SOLUTION ADVANTAGES
