PREMIA General Insurance

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


  • 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.


PREMIA® is an intuitive application software for Insurance Companies. It has an online payment gateway, comprehensive administration and CRM function which seamlessly integrates with the PREMIA® suite. This end-to-end bilingual solution electronically bridges gap between insurance companies, channel partners, customers, employees and other external entities.