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| Access Insurance Management
System (AIMS) |
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An innovative parameter driven
web-enabled software designed to drive
the general insurance business dynamically through well-defined
workflows. |
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| Insurance |
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| Highly competitive and plenty
of risks is what Insurance business all about.To succeed
and survive,Insurance companies need not only generate
as much income from Premiums and Investments but also
be able to cut administrative tasks & expenses, analyze
reinsurance arrangements to minimize net liability, respond
to new business opportunities quickly and compute complex
premiums in the shortest span of time. |
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| Managing Business Processes |
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| AIMS is a decision support
system for under writing, claims, reinsurance and accounting.
It is tailored to improve and enhance Insurance business
processes and other aspects of a General Insurance company
that directly consequents to high profitability. Employing
a modular and parametric approach to the management of
insurance business and deploying it enterprise wide through
client-server and web-based technologies, AIMS ensures
quick, accurate and easy access to information. Parametric
approach to defining new or revising the existing Insurance
products facilitates dynamically altering the process
in time with the market conditions. Additionally AIMS
components contain everything required to entirely create
& manage various workflow processes. |
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| Data Integration |
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| AIMS has the facility to handle
all classes of General Insurance business through integrated
modules of Underwriting, Claims, Reinsurance and Accounting.
AIMS exhibits dynamism as it builds, retrieves and analyses
a rich database of varied information and statistics on
all aspects of issued policies and can be customized to
meet your specific business operations and rating methods.
AIMS maintains links and validates claims against policies
and apportions claim amounts in addition to maintaining
historical data on premiums and claims for customers. |
- Fire
- Engineering
- Motor
- Marine Cargo
- General Accident
- Hull
- Health
- Miscellaneous
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| Data Capture |
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Crucial to all business decisions
is the availability of accurate and valid information.
AIMS modules allow you to capture relevant and detailed
information on different classes of business for a variety
of processes such as Policy Generation, Endorsements,
Client Profiling, Claims Handling, Reinsurance, and Accounting.
AIMS captures policy information including clauses and
conditions, installment payment details and schedule information.
Additionally, various
Co-insurance arrangements and Facultative arrangements
with commissions and compulsory government cessions are
stored in the system. |
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| Analyzing & Referencing
Information |
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AIMS's integrated workflow component allows Insurance
companies to manage their Insurance processes and make
them more responsive, efficient and effective. Workflow
integrated AIMS modules can be defined and deployed as
web-based applications using Savvion Business Manager
on an enterprise web server. Through installed portals
and web browsers, AIMS modules are accessed using the
workflow. This allows Managers to monitor, control and
analyze processes and resources. Also administrators can
manage users, processes,services and
configuration of workflows |
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| Architectures |
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AIMS is based on a three-tier
client server architecture viz. a Database Server, Web
Server, an Application/Tool Server and a front-end client.
The architecture ensures optimum utilization of computing
resources in an organization and provides growth in terms
of additional users & capacity.
AIMS modules are appropriately integrated with one another
and provide web-based workflow functionality for all Insurance
business processes. |
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| Underwriting |
Covers all activities from Calculation
of premium through Proposals for acceptance of risks
and Policy writing, to Endorsements of direct,
co-insurance and inward FAC business. |
| Claims |
| Covers all activities from Intimation
through Estimates,Payments and Salvage recovery
to Accumulation. |
| Reinsurance |
| Covers all activities from defining
treaties through Ceding risks, FAC RI and recalculation
on endorsements, to provide periodic information
to the reinsurers. |
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| Accounting |
| Covers all activities of Budgeting,
General Ledger, Payable, Receivable, Bank Reconciliation
and Fixed Assets. Accounting transactions that get generated
from Underwriting, Claims and Reinsurance combined with
other direct accounting transactions generate a comprehensive
Information System. |
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| System Specifications |
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AIMS works on Oracle RDBMS
or above as the Database Server
AIMS can be deployed on a Windows 2000 Server, Novell
Netware, UNIX or a Microsoft Windows NT Server ver 4.0
or above.
For Workflow management, AIMS requires Savvion Business
Manager
Client machines require a Pentium PC with a minimum of
32 MB RAM and running Microsoft Windows 98 or higher operating
system and Internet Explorer 5.0 / Netscape Navigator
4.6 or higher version browser for web-based functionality. |
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