Request a MeetingEnd-to-end core insurance solution that optimizes business processes and customer service across claims, underwriting,
reinsurance, billing, finance, and distribution.
Overview
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
Over 110 Customers Worldwide
110+ PREMIA™ General Insurance Solution
- 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
- Complete business view at all times with integrated underwriting, claims, reinsurance, and finance modules
- Improved productivity and shorter time-to-market with automated business processes, minimal manual intervention, and capability to configure multiple insurance products
- Smarter business decision-making with advanced insurance analytics and reports
- Increased flexibility and scalability, resulting in quicker service cycles and reliable data entry
- Reduced business costs on expansion or diversification
- Efficient handling of voluminous transactions
- Enhanced fraud prevention with transaction auditing capability
PREMIA General Insurance can also be deployed with Oracle Database 11g Release 2 on Oracle Linux 5.5 and Oracle Weblogic Server 11g R1. PREMIA , Version 10.9 fully supports Oracle Exadata Database Machine & Oracle Exalogic Elastic Cloud.
