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System Of Automation Of Life Insurance

The system of automation of life insurance automates conducting individual and corporate contracts of life insurance, calculation of reserves, distribution of the investment income, calculations with agents and overcautious persons, work with the arrived payment documents. For today in system the full complex of requirements is realised of the software of the personified account of contracts on life insurance.
The three-level architecture of system allows to create a uniform information field in all branches and company representations.

Conducting contracts of insurance

In system automation of all life cycle of the insurance contract is realised: from the demand of the client before delivery of an insurance policy and further, with fixing of all changes and additions to the contract, analysis of the arrived payments imported from systems the client-bank, and tracing of events under the contract.

The basic functions:

* Calculation of insurance tariffs for programs of insurance and insurance risks;
* Conducting individual and corporate contracts of insurance: registration, carrying out underwriting, insurance policy formation, instalments of payments, change of treaty provisions;
* Formation of the schedule of expected insurance payments;
* Crediting of the insurer on the security of the redemption sums. The automated calculation of the greatest possible credit and percent on it; construction of the schedule of repayment of a body of the credit and percent;
* Calculation of mathematical reserves for date;
* Definition of contracts for which there are debts of Insurers on payments. Definition of the size пени;
* Insured event registration. Definition of the sums of insurance payments;
* The Preschedule termination of the contract with payment of the guaranteed sums or without payment;
* Indexation of the contract of insurance for a covering (or minimisation) inflationary risks. There is a possibility of annual updating of size of payments of the insurer and the sum of insurance responsibility on the basis of size of the investment income for the last year. Thus the insurer has the right to accept conditions of indexation or to refuse them;
* The account of the additional investment income/bonuses;
* Automation of process of information search at mass processing of every possible documents: the correspondence connected with registration of policies, at underwriting, at settlement and usual procedures of conducting business (a reminder on the next payments, an extract of accounts on payment of insurance payments, etc.) at the expense of assignment by system of strokes-codes to the given documents;
* Storage of versions of contracts to which conditions changes were made;
* Adjustment of rules of insurance, programs of insurance, rules of calculation of insurance tariffs.

Change of conditions of insurance
At modification of conditions of contracts of insurance the system automatically recalculates tariffs, taking into account the previous conditions and already carried out payments under the contracts, the saved up reserves and the distributed bonuses. All previous versions of contracts are accessible to viewing and comparison of the brought changes.
Besides, the system considers possibility of presence of several versions of programs of insurance, techniques calculations, conditions of agency agreements. The information on such versions remains in system and is automatically used at carrying out of operations.

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