Diasoft FА# Insurance

Diasoft FA# Insurance is a comprehensive solution for automating the activities of insurance companies. The solution offers a set of risk management, fraud control, and decision-making components, as well as key back-office operations, including daily transaction processing, product creation and management, policy management, and tools to monitor product performance.

2019: Middles- and back offices Diasoft FA# Insurance

(data relevant for March 2019)

Middle Office Diasoft FA# Insurance

The Diasoft FA# Insurance mid-office function modules provide financial institutions with a wide range of functionality for decision-making, risk management, and performance control. These modules primarily perform business support functions rather than providing actual services or products, but it is the middle office resources that are responsible for the success and stable financial position of the financial institution.

Mid-office Diasoft FA# Insurance offers its customers modern tools for scoring, underwriting and decision-making, risk identification, assessment and prioritization, limit management, control over the effectiveness of operations and collection of overdue debts. Diasoft FA# Insurance's broad integration functionality enables it to work closely with third-party applications.

The Diasoft FA# Insurance middle office includes the following components:

• Diasoft FA# Insurance, Underwriting
• Diasoft FA# Insurance, Settlement of Losses
• Diasoft FA# Insurance, Mutual Settlements with Service Companies
• Diasoft FA# Insurance, Reserves
• Diasoft FA# Insurance, Collection of overdue debts
• Diasoft FA# Insurance, Countering Income Legalization
• Diasoft FA# Insurance, Property Recovery Compensation Management

Diasoft FA# Insurance Back Office

Diasoft FA# Insurance's back office provides comprehensive support for various insurance product lines. This support includes development, configuration, lifecycle management and accounting for all modern financial products and services in full compliance with regulatory requirements and customer needs.

High performance, exception management, state-of-the-art security controls, and customizable Diasoft FA# Insurance business processes provide high-performance transactional tools for policyholders.

The centralized system is available to all offices and offices of the client and provides the following opportunities:

• Reduced implementation and maintenance costs, especially for geographically distributed networks,
• Quick launch of new products and services
• Standardized configuration and security policy to improve control over the solution.

Diasoft FA# Insurance back office includes the following components:

• Diasoft FA# Insurance, Insurance Contract Management
• Diasoft FA# Insurance, Loss Accounting
• Diasoft FA# Insurance, Reinsurance and Co-Insurance
• Diasoft FA# Insurance, Settlements

2018: Description

As of February 2018, Diasoft Insurance is a set of software solutions that supports various aspects of the daily interaction of the front office of the insurance company with its customers and partners. The solution provides modern technological support for sales processes and claims work in single window mode - a convenient tool that is a single point of access for insurance company personnel to all customer information. In this way, the quality of service and cross-sales are improved. The BI and reporting tools implemented in Diasoft Insurance enable financial institutions to generate mandatory regulatory reporting and various management reporting to analyze the performance and effectiveness of their products, offices, and staff.