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

WHY PREMIA^® GENERAL INSURANCE

Key Features

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

Key Differentiators

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

Key Customer Benefits

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.

OUR KEY SOLUTIONS

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.