Core insurance business application we offer is Aetins, a unique software that provides single end-to-end Insurance Solution Framework (ISF) that covers all lines of business (Life, General/Non-Life and Investment Linked).
Aetins is ideal solution for automating and managing the front-end operations in Insurance Organization and furthermore provides multi language, multi currency, and multi delivery system functionality.
It supports all insurance functions and processes including: Channel Management, Quotations, New Businesses, Underwriting, Panel Clinic, Policy Servicing, Re scripting, Deductions, Payments, Accounting, Claim, and Reinsurance. It’s robust for your current needs, flexible for your changing needs, extensible to new markets and scalable for your growth.
AETINS benefits are:
- All lines of Insurance business : Life (Individual, Group), General (Motor, Fire, Home, Personal Accident, Medical/Hospital, Marine, etc.), Takaful (Family, General); and spans,
- All Insurance business processes/functions : Quotations, Illustrations, Underwriting, Policy Issuance, Policy Administration, Claims, Premium Accounting, Reinsurance; with,
- Multiple Channel Management : Agency, Bancassurance, Broker, Direct, Credit, Retail, Corporate; with,
- Tailored Compensation and benefits, for staff, intermediaries and other producers, leaders; offering a,
- Wide range of products (Individual or Group Plans, Personal Lines, Property & Casualty, Traditional Ordinary Life, Unit Linked, Universal Life, Annuities/Pensions, Takaful etc.); supported with;
- Flexible parameterized product set up which enables fast and easy product configuration for launch, multiple options for easy product innovations, customized compensation schemes, choice of currencies and premium discounts. These are complemented with,
- Automated and straight through business processes that allows on-the-spot automated underwriting and acceptance, through policy issuance and policy delivery.
- Customer Oriented : tailored to meet customers’ needs and wants
Aetins-ISF Architecture
Aetins ISF is architected as a true Customer Centric solution. Centralized Customer Database, Client based Servicing, Client based claims processing makes your staffs feel that they are serving the client, not the Policy.
With Centralized Customer and Channel management, multidimensional views of existing customers, assessment of overall business from channel perspective can be done easily.
Common Finance across lines of business allows for seamless processing with automated management of multiple funds. With real time posting in most cases, customers need not wait for batches to get the results and agents can see their commissions ticking real time.
Insurance Business world is rapidly changing today. In the past, the term “Change” was associated with Projects. In today’s world, “Change” is part of regular business process. With such demands from market, and the increasing regulatory compliance needs, Insurance companies need a strong and flexible backbone to be agile in the market.
With Aetins-ISF, you get :
- Agility to Introduce New Products without compromising on Operational Effectiveness
- Speed of Customer Service without Compromising on Internal Compliance
- Intelligent Automation without compromise on Risk Assessment
- Boosting Distribution without Compromise on Business Conduct
- User Flexibility without Compromise on Business Rules
Aetins-ISF Suite of Products
ISF consists of number of products which are pre-integrated. You can select products to suit to your specific needs.
This will gives you benefits like:
- One Integrated System for all your Policy Management and Backoffice Needs.
- Reliable, Matured. Yet, extremely Flexible to changing needs.
- Allows you to configure innovative products, which can be personalized to your customer’s needs.
- Assure holistic and personalized services to your customers.
- Allows you to be aggressive to partner with different distribution channels and expand your business.
- Cuts your costs drastically by allowing you to merge your departments, automate all processes.
- Service Oriented Architecture (SOA) based approaches for overall Integration