|
Version 5.1
|
|
|
|
I-FlexPro allows business analysts and actuaries, in any insurance field, to design, configure and maintain a simple product, with all the required definitions, underwriting standards, business rules and rate factors. Once the configuration is set, the product is ready to be released and available for sales to quote throughout the Web.
|
System Characteristics
- Configure products of any line of business in a fast and dynamic way.
- Business rules, validation, subscription formulas and policies are defined and maintained by the user.
- Provides ability to quote fast and by any sales channel
- Automates the rate, underwriting and policy issuance
- Integrates to web portals and back-end systems
- Uses Web services and XML
|
Product Configurator Features:
|
|
Definition of Plans, coverages, risks and payment conditions
Definition of data types and its properties
Definition of formulas and calculations for rating.
Validation and exceptions are along data, calculations, functions, etc
Definition of tables, values, and lists (combined or related).
Date capabilities to be included on plans, coverages, and locations
Definitions of clauses, conditions, requirements, documentation, diagnostics, inspections, etc.
to be included for underwriting purposes and policy issuance.
Definition of end users, roles and security provisions, including the business users to create and maintain the product configuration as well the sales users to quote the products.
|
|
|
|
Product Configurator Features:
|
|
Generation of quote and proposals
Configuration and generation of reports (quotes, proposal, policy, documents).
Proposal control and follow-up
Interaction between the insurer and its channel sales through e-mails generated by the system.
Sales channels and manage access only approved products and the criteria subscription.
Data exchange through XML or Web services
From the Language to the format can be configured.
Rating Engine can be handled as a service from/to an external underwriting program interface
|
|
|
Latest Version Supports:
|
|
Oracle Database 11gR2
Oracle WebLogic 11.1
Oracle Linux 5.5 (or higher) and Oracle Solaris 11
Oracle VM 3.0 (or higher)
Oracle Exadata Database Machine
Oracle Exalogic Elastic Cloud
|
|
|
|
