Description

PREMIA General Insurance is an end-to-end integrated insurance solution that enables seamless processing and delivery of insurance products.
This dynamic bi-lingual and multi-currency solution can be deployed with any third-party BPM, DMS, BI, or CRM solution and easily adapts to any business requirement. Its powerful tool suite:

• Proactively analyzes risks and refines business processes to facilitate better customer service

• Covers all insurance operations from underwriting to claims processing and financial accounting
• Streamlines the end-to-end flow of customized business documents within the organization

Key Features

System administration module for menu creation and management, user setup, and security-related features

Multi-currency, bi-lingual support

Easily definable masters

Full-fledged underwriting module

Risk upload facility

User-friendly claims processing features
UPR (Unexpired Premium Reserve), IBNR (Incurred But Not Reported), and OSLR (Out-Standing Loss  Reserve) processing

Flexible, easy-to-use product and component configurator

Powerful rating engine that configures premium rating for different products, with pre-definable complex rating logics that do not require a base code change

Comprehensive reinsurance module designed in conjunction with underwriting/claims to cater to a wide range of requirements

Integrated, online finance module that is fully integrated with underwriting, claims