The entire life cycle of your individual life portfolio from the first contacts with a potential client to annuity and capital pay-outs is organized in the form of processes that can be fine-tuned to match changing market trends.
Simplify administrative and technical aspects of partner and insured person administration with our software package AxiomLife, a solution that is 100% customizable and adaptable to your environment. The following main functional areas are covered:
AxiomSuite allows you to adapt your system to changing needs and market environments by simply modifying administration rules: no new version of the software is required for this.
AxiomLife permits generation of insurance policies based on real-time data. The content and the form can be customized based on your specific needs. The general conditions are automatically generated based on the insurance product and covers and riders chosen by the client.
Our rule-based migration interfaces allow you to migrate data (including historical data) in progressive cycles based on your organizational structure.
The system can be accessed anywhere from any connected workstation or device based on access rights accorded to the user. Dedicated portals are available to facilitate data consultation and transfer of information among different actors like insured persons, sales channels and brokers. A mobile application allows real-time access to the information system through smart phones and tablets.
Each module of AxiomSuite communicates seamlessly with all components of your existing IT systems through the use of standard interfaces. For instance, automated fire-and-forget interfaces with your existing general ledger system can be easily set up.
Tax-deductible voluntary savings plans (3A)
Other savings plans (3B)
Classic
Unit-linked
Customer relationship management
Efficient policy administration
Comprehensive processes for fulfilment of legal requirements
Example: FATCA
Premium billing and chasing
Automatic generation of payment slips
Automatic reconciliation with premiums received
Bill follow-up and chasing
Savings and retirement
Payment of annuities
Payment of maturity and anticipated capital amounts
Disability
Death
Premium waiver (disability)
Premium waiver (unemployment)
Surrenders
Annuity payments
Whole-life annuities
Disability annuities
Survivors’ annuities
Orphans’ annuities
Anticipated payments for property acquisition
Assignments and mortgages
Estimations
Offers
Proposals
Contracts
Broker management
Sales channel management
Follow-up
Simplified user interface for brokers
Calculation of commission pay-outs and claw-backs
Calculation based on rates, points and premium volumes
Anticipated commission calculations
Sales lifecyle
Individual current accounts for agents and brokers
Guarantee accounts
Impact and profitability analysis before market roll-out
Integration with external document managment systems
Our software package AxiomLife which is entirely customizable to your needs allows you to manage the lifecycle of different individual life (pure risk, mixed, annuities etc.) and savings products.
Know more about AxiomMobile, our insured person dashboard which provides secure and real-time access to insurance and savings data.