REINSURANCE MANAGEMENT SYSTEM MEDICAL INSURANCE GENERAL INSURANCE LIFE INSURANCE TAKAFUL

Insurance Applications by Insurance People

THE SYSTEM

General Insurance System (GIS)

General Insurance System (GIS)

The General Insurance System (GIS) caters for the full range of non life and medical lines of business. This includes Motor, Marine, Fire, Property & Casualty, Liability etc. The embedded Product and Process Generator tools allow users to rapidly design and introduce new products as well as the ability to control the screen format and screen flows for the various processes. Some of the available functionality are Product Set Up, Offer and Policy Processing, Endorsements, Integrated Claims, Reinsurance and Accounting. The system also includes a parameter driven General Ledger interface to any third party GL system. The latest version of the system uses forefront technology and it is fully web based.

.insurance applications by insurance people.

The Systemhigh LeVeL

General Insurance System (GIS)

System Features
The GIS system caters for the end to end processing of General Insurance and includes the following: Product Definitions Process Generator Quotation Module Policy Module Auto load facility for Fleet Motor Integrated Claims management module Full Reinsurance Module Integrated accounting module General Ledger interface Powerful reporting and on line enquiries User & Security Maintenance Commission Scheme Agency network setup Comprehensive Endorsement processing Table Maintenance (For the reference data i.e. currency, Exchange rate) etc.

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PRODUCt ADmiNistRAtiON

General Insurance System (GIS)

Plan/Product Administration
The GIS system includes tools that allows for the rapid creation of new products. This includes the facility for the power end users to design their own screens for the capture of the required data for the specific line of business. Users are also able to amend the premium calculations and to upload the new calculations into the system without the need to revert back to ARIMA. Rules Various product rules are maintained that control Policy and Claims processing.

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pRODUCt geNeRAtOR

General Insurance System (GIS)

Product Generator
The GIS system includes a Product Generator that allows the client to define and parameterize the design and validation of the item screen. These include: Adding database fields Apply Script based validation, and calculation formulas. Changing the properties

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PROCess GeNeRAtOR

General Insurance System (GIS)

Process Generator
The GIS system includes a Process Generator that allows creation of various processes. These include: New Policy (Company/Individual) New Client (Company/Individual) Claims handling Various Endorsement Types

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QUOtes

General Insurance System (GIS)

Quotation Processing
Quotes can be produced with automatic production of Quotes advice. Additional discounts and loading can be applied to the quote subject to the product rules defined. When a quotation is accepted, the data is transferred to the policy record which reduces the amount of administration work.

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pOLiCy

General Insurance System (GIS)

Policy Management
The policy module caters for Group (i.e. Fleet) and Individual business. The same module is used for all lines of business. The data capture for the specific line of business is defined in the Product Generator. E.g. Motor Marine Property Car Registration, Make, Model, Engine size etc. Vessel Registration, cargo type, destination etc. Address, Building type etc.

Different Coverages are defined for the line of business: E.g. Motor Third Party Comprehensive Travel Assist

An automatic load facility is available for the loading of Fleet Motor details and members for Workman Compensation. Policies are input on an initial status of pending acceptance and when the status is changed to accepted, the applicable premium is raised, the reinsurance transaction created and the required policy documentation/ schedules produced. On line wizard processing assist the user with the policy creation.
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CLAims

General Insurance System (GIS)

Integrated Module

Claims

Management

An integrated claims module makes use of the Product and Policy rules to ensure the correct amount is processed. Claims are recorded against the insured item as well as the applicable covers. Initial Claim Reserves are recorded and the amount approved prior to any payments being released. Reserve Increase or Decrease is controlled via separate transactions to maintain a full history. Claim settlement can be either via Credit Notes, Cash or using an additional Automatic Cheque Production facility.

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ReiNsURANCe

General Insurance System (GIS)

Reinsurance Processing
The GIS system includes an integrated Comprehensive Reinsurance Module that caters for all types of reinsurance: Quota Share Surplus Excess of Loss

At policy acceptance, the reinsurance Treaty limits are validated against the Sum Insured and the system automatically flags if Facultative cover is required. The inward policies are then linked to the applicable reinsurance contracts that are identified by a reinsurance program. Reinsurance transactions are automatically generated from the inward Premium and Claim transactions. Periodic Reinsurance Accounts are generated when due and are split based on the Participant percentages. Details of the underlying Securities are captured to allow full review of any exposures. For XOL covers the M&D premiums are maintained and released when due.
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ACCOUNtiNg

General Insurance System (GIS)

Accounting Processing
The GIS system includes an integrated Accounting module that caters for the financial processing of the General Insurance Business. This includes: Receipt Processing Credit Debit Notes Claims Settlement Refund Premiums Post Dated Cheques Reconciliation of Transactions

Trial balances can be run on any of the General Insurance transactions. There is also a General Ledger interface that allows for the transactions to be mapped to the relevant GL Account codes and Journal Vouchers (JVs) are automatically created and can be imported into any Third Party General Ledger.
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RepORtiNg

General Insurance System (GIS)

Reporting
The GIS system incorporates comprehensive reports that run at a range of levels and frequencies. These include: On Line Daily Weekly Monthly user requested reports and event driven Daily control reports Weekly summary reports Monthly summary statistics and triangulation reports

On line underwriting statistics provide an overview of the history of a policy, client or products.

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misCeLLANeOUs

General Insurance System (GIS)

Additional Modules
Imaging Documents can be scanned and attached to Policies and Claims and can be viewed while using the GIS system via a common icon. The Policy and Claims folders are broken into sub folders to allow easy access to the images. Table Maintenance A separate module allows the end user to view and update (where applicable) reference data tables. Automatic Cheque Production (ACP) A separate ACP module can be used for the settlement of any claim payments via cheque. Court Case Claim transactions can be marked as under litigation and details of any hearings; decisions etc are recorded in a separate court case module.

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seCURity

General Insurance System (GIS)

Access & Controls

Role Based User roles are defined which control the access to the various modules available. New users are allocated to their specific role. In addition to the Insurance company staff, users can be clients, agents, providers with specific system privileges. Authority Limits There are several user defined limits which include: Underwriting Limit Claim Limit Override Approvals Based on specified business rules, manager override may be required to process various transactions (e.g. Discount percentages etc). Users with this authority are defined and maintained. Audit Trail All transactions are retained in the database and are stamped with details of the user and date/time created as well as user and date/time last updated.
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TAKAFUL SYSTEMS

General Insurance System (GIS)

TAKAFUL
ARIMA have developed a Takaful version of the GIS system. The system includes all of the processing requirements for the particular line of business: Specification and Creation of Insurance Pools Mudaraba and Wakala terms Surplus Calculation Surplus Distribution

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ARIMA TEAM

General Insurance System (GIS)

ARIMA TEAM
ARIMA have a dedicated team of professional software developers with a strong business background. The team includes qualified Project Managers, Business Analysts and skilled Technical personnel. In additiona a Help Desk is available to all clients which includes a 24hr x7 emergency contact/support number.

Contact Details For more information on ARIMA and its range of products please contact:

Customer Services Manager ARIMA Insurance Software ARIG House, Diplomatic Area PO Box 15642, Manama Kingdom of Bahrain Tel: +973 17544111 Fax: +973 17918111 e-mail: arima@arima.com.bh

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