Business Lines
Credit Protection
CPIAS (Credit Protection Insurance Administration System) is a dynamic and flexible set of components for managing the complete lifecycle of Credit Protection Insurance lines of business. Furthermore, the application is fully multilingual, multi-country, and multi-currency, allowing for implementation in any state or country. It can be configured to meet local needs, regulations, and practices, dramatically improving time-to-market and operational efficiency.
It features a powerful and intuitive product design tool that allows users to design even the most complex products and plans without any programming. CPIAS includes complete business rule configuration and an integrated workflow to provide subscription capabilities, as well as the ability for users to create and maintain data structures, lifecycle presentation, behavior, and processes across the entire line of business with minimal IT intervention.
Protection and Coverage Plans:
Credit Cards
Credit life insurance
Disability insurance
Involuntary unemployment insurance
Guaranteed goods
Credit life insurance
Disability insurance
Involuntary unemployment insurance
Credit/debit
Robbery/heist
Fraudulent withdrawals
Fraudulent Charges
Loan
Car loan
Personal loan
Mortgage
ATM Theft / ATM Coverage.
Accidental death
Card or PIN theft
Robbery or hold-up
Fraudulent charges
Policy Administration
New Business
Premium Pricing Engine
Validation against premiums calculated by associates or sales channels.
Subscription
Inclusion of new businesses with end-user interaction.
Inclusion of new businesses through automated processes and integration to receive information from partners/channels.
Commissions and fees to sales channels and partners.
Periodic bonuses.
Premium Payment Plans and Financing.
Insurance Services
Billing of periodic premiums.
Endorsements and changes.
Renewals.
Cancellations.
Refunds
Management of different plans and combinations/combos.
Managing different payment methods for the same product.
Life
Accidental Death
Inability
Dismemberment
Unemployment
Multicurrency.
Management of different plans and combinations/combos.
Policy Document Management.
Agent Management
Customer and Third Party Management
Sales channel management, partners and intermediaries
Prosecution
Maximum amount of benefit payments per claim.
Validations of previous claims.
Rejections
Re-eligibility period.
Waiting time lapses.
Requirements
Claims Payment Validation
Experts
Payment of benefits
Approval Monitoring.
Control of non-payment of benefits for other reasons such as:
Lawyers
Workshops
Medical Services
Etc.
Customer Service
Policies
Contractual information
Insured's Information
Endorsements
Cancellations
Renewals
Restorations
Policy History
Related Policies
Complaints
Opening / Reservation
Opinion
Claims Payment
Closing
Rejection
Reopening
Totalization
Requirements
Related Claims
Opinion
Other processes
Automatic generation of accounting entries.
Collections and payments
Accounts receivable and accounts payable
Full auditability
Billing and Collections Processing
Co-insurance and Reinsurance
Information management and report preparation
Definition of the Commercial Network and calculation of commissions
Document generation (Open Office, Documaker)
Task scheduler
Technological advantages
CPIAS is a web-native application that manages and provides services over the internet. It was developed in Java for the standard J2EE environment. The integration is based on Service-Oriented Architecture (SOA) to facilitate interaction between any IT environment, taking into account the files or information to be received or imported, and batch file transfers from sales and service channels or partners, so that synchronization occurs in real time. The application is cloud-enabled.