IDEAL: Insurance

Compliance of insurance products to expectations of different customer groups - guarantee of profitability and stability of development of any insurance company. To react to customer expectations and to bring demanded products to the market, it is necessary to have the flexible system of work with insurance products.

Solution iDEAL: Insurance includes:

• Management of insurance products.
• Sales and agents.
• Contract management of insurance and policies.
• Settlement.
• Reinsurance.
• Reserves and reporting.

The solution is based based on SAP products (FI, DMS, BI) and allows to use all advantages of the SAP platform: reliability, scalability, security and also ready functionality of SAP for automation of general economy tasks.

Solution iDEAL: Insurance allows:

• manage all sales channels of insurance products;
• keep all necessary data;
• calculate agency (commission) fee;
• prepare the necessary reporting.

Solution iDEAL: Insurance offers:

• Tools for work with agreements of optional, obligatory and optional and obligatory insurance with automatic formation bordero on different types of reinsurance: quote, to an ekstsendent of the amounts, quote excess, to a loss ekstsendent, unprofitability ekstsendent and so forth.
• The convenient tool for processing of all settlement process of losses, beginning from registration of an insured event and conducting settlement process for all the lifecycle.
• Maintaining and accounting of all necessary data on agreements.