General flyer
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The document describes the General Insurance system from ESKA速 Insures. The system automates and accelerates the insurance lifecycle including quotations, policies, endorsements, claims, and reinsurance. It is fully integrated and supports functions like underwriting, production, claims, and reinsurance. The system allows configuration of insurance classes, policy types, covers, and fees. It also handles quoting, policy issuance, endorsements, renewals, and claims management. Reports on production, claims, and reinsurance are also available from the system.
General flyer
- 1. INSURANCE ESKA速 Insures General Insurance The General Insurance system automates and accelerates the process of creating quotations, issuing policies, endorsements, and claims, in addition to running reinsurance and renewal transactions. The system is dynamic and fully-integrated to better help companies manage the full lifecycle of all General Insurance functions and services. The system supports Islamic Insurance (TAKAFUL) and is scalable to cater for new market demands due to its parametric nature and flexible structure. Main Functionalities Setup The Setup module allows defining the companys standards for Production, Claims, and Reinsurance through a comprehensive, A variety of insurance classes and policy types including: yet simple, parameterised system settings and rules. - Engineering - Aviation Authorised system administrators can set and configure the - Property - Bonds behaviour of all operations including Underwriting, Production, - General Accident - Energy Claims and Reinsurance, whereby every definition represents a set of business rules for the following: - Marine - Liabilities - Causalities Insurance classes Automatic calculation and auto-handling of all production Policy types transactions. Interest types Easy conversion of quotations into policies. Covers Enhanced and easy retrieval of historical information. Clauses Automatic import of interest from pre-defined Excel sheets. Agent commissions Issuing package policies by combining several classes of Surveys business in a single policy. Products Handling of various endorsement types that result in additional Fees premiums or refunds including interest modification, interest deletion, policy extension, and policy cancellation. Discounts and accounts Comprehensive underwriting processes including The system provides the tools to build equations through an questionnaires execution, registration of required documents, easy-to-use Rating Engine for automatic calculation of policy and surveyor inspection results. premiums. Customised and flexible payment cycles. Production Multi-agent and multi-currency support. The Production module is responsible for the entire insurance Efficient renewal of policies and recording of results, while underwriting and is affected by the defined setup parameters. keeping track of quotation versioning and manipulating It provides a fully automated process that covers proposals, covers and premiums. quotations, policies, endorsements, open covers, certificates, declarations, underwriting, financial integration and renewals. The advanced system features support the following: Direct, Inward, Coinsurance Leader, and Coinsurance Follower business types.
- 2. Claims The Claims module resides on a repository of information and validations retrieved from the Setup and Production modules to facilitate and speed up the process of entering claims, while eliminating human errors and fraud. The Claims module records detailed information of claims and claim transactions including claim interests, covers, claimants, reserves, payments, recoveries and recovery collections. The module provides a number of rich functionalities including: Efficient management of claims operations and financial information. Automatic calculation of claims amounts. Support for closing and reopening claims according to authority levels. Automatic generation and calculation of claims transactions including reserves, payments, recoveries and recovery In addition, the system enables reinsurance users to perform the collections. Accurate recording of historical information of following: repaired orders and purchased parts for similar vehicle types Reinsurance transactions. and models. Generating reinsurance bordereaux for treaty reinsures. Assistance for user to estimate loss in order to allocate the needed reserves subjectively and find the suitable parts with Printing out reinsurance slips for facultative reinsurance that best possible prices. show up-to-date distributions, facultative placements, and reinsurance statement of accounts. Registration of all court cases and facilitated follow up and recording of results for proper reporting. Issuing loss advice and cash calls. Easy-to-use tools for users to attach claim documents and Adjusting treaties, profit commissions and sliding scale images of accidents for easier information retrieval. commissions. Earned/ unearned premium calculations per insurance class, Queries policy type, covers and policies. Loss ratio calculations on policy, insurance class, policy type, The Queries module is a powerful tool designed to generate broker and customer levels. 2D and 3D printable graphical views of production, claims, and reinsurance data using different types of charts (pies, lines, The seamless integration between modules allows transactions columns, and bars). to float between modules in a real-time fashion. This provides up-to-the-minute accurate production and claims information, When the insured person inquires about insurance policies and ready for retrieval and display at anytime. interest information, the system swiftly retrieves the policies, interest information, claims and recoveries. Reinsurance Reports The Reinsurance module is rich with powerful functionalities to handle a variety of proportional and non-proportional The General Insurance system offers a comprehensive set reinsurance, in addition to clean-cut treaties, and underwriting of production, claims, reinsurance and statistical reports to years. empower insurance companies with information. Different reinsurance methods are well supported and applied on All daily, detailed and summary production, claims and policy, location and risk category levels, along with Accumulated reinsurance reports are supported by the system. Examples of Risk Monitoring. Automatic and manual reinsurance calculations reports include; production lists, earned/ unearned reports, are carefully designed and executed efficiently throughout the reports of outstanding claims, paid/ unpaid claims, recoveries, system. and statements of claims. A set of reinsurance reports are also available such as reinsurance The system also supports other reinsurance operations including slips, treaty statement of accounts, and treaty bordereaux. PML/ EML, Top Location, and Maximum Shipment/ Carrying. Moreover, the system enables users to define facultative plans ESK/WA/FL-10:007Uen-Rev A in order to automatically distribute shares within treaties and facultative arrangements. ESKADENIA Software, P.O.Box: 1555 Amman 11821 Jordan, Tel: +962 6 5510717, Fax: +962 6 5510719, E-mail: contacts@eskadenia.com