Life Insurance
Software Solutions

INSIS fully supports individual and group life products, as well as unit-linked products.

The platform covers all aspects of the insurance business – from underwriting, premium collection, and commission calculation, through to policy administration, claims processing, and reinsurance.

A detailed and fully integrated insurance ledger produces transaction related data, which can be connected to third party financial systems. The system incorporates all necessary actuarial calculations and reporting facilities.

All products, other than group products, are available for individual, family, or joint policies.

Endowment insurance Term insurance Personal accident insurance Whole life insurance Group risk life Group endowment Pension schemes Unit linked Universal life Variable life Variable annuities Takaful insurance

INSIS Life Features

Claims Settlement Life

Provides a uniform way to process claims in all lines of Life Insurance business and supports the entire claim settlement process.

Policy Management Life

Enables you to perform the registration and administration of insurance contracts for all Life Insurance lines of business.

Personal Data Administration

Manage all physical or legal entities that are part of the insurance process. A person can play different roles and be associated with various other objects.

Accounting

Provides fully automatic preparation of accounting transactions which are mapped to insurance operations. Supports sub ledger and exporting to an external GL system.

Billing & Collection

A highly automated vertical solution for insurance, optimized for high volume processing; it performs all the pre-accounting processing of the premium collection process providing all the necessary functionality.

Agents & Commission

Provides functionality for calculation of commissions, overrides, and bonuses. Allows freedom to deploy numerous commissioning rules while controlling the process of registration, rule definitions, individual commissions and their distribution to company staff.

Reinsurance

Supports the full reinsurance (Treaty & Facultative) and co-insurance process in the Insurance Company.

Actuarial Mathematics

Provides reporting of reserves and necessary actuarial values integrated within the insurance cycle. Up to date view about the status of each policy.