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.

3

The System…high LeVeL .

e.insurance applications by insurance people. Exchange rate) etc. ……. 5 . currency.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.

PRODUCt ADmiNistRAtiON .

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. 7 .insurance applications by insurance people. ……. 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.General Insurance System (GIS) Plan/Product Administration The GIS system includes tools that allows for the rapid creation of new products. Rules Various product rules are maintained that control Policy and Claims processing.

pRODUCt geNeRAtOR .

• Changing the properties …….insurance applications by insurance people. 9 . and calculation formulas. These include: • Adding database fields • Apply Script based validation.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.

PROCess GeNeRAtOR .

These include: • New Policy (Company/Individual) • New Client (Company/Individual) • Claims handling • Various Endorsement Types …….insurance applications by insurance people.General Insurance System (GIS) Process Generator The GIS system includes a Process Generator that allows creation of various processes. 11 .

QUOtes .

Additional discounts and loading can be applied to the quote subject to the product rules defined.insurance applications by insurance people. When a quotation is accepted. …….General Insurance System (GIS) Quotation Processing Quotes can be produced with automatic production of Quotes advice. the data is transferred to the policy record which reduces the amount of administration work. 13 .

pOLiCy .

15 . E.insurance applications by insurance people. …….g. Fleet) and Individual business. The data capture for the specific line of business is defined in the Product Generator. cargo type. Different Coverage’s are defined for the line of business: E. Model. Engine size etc. Vessel Registration. the reinsurance transaction created and the required policy documentation/ schedules produced. On line wizard processing assist the user with the policy creation. Motor Marine Property Car Registration.General Insurance System (GIS) Policy Management The policy module caters for Group (i. Policies are input on an initial status of pending acceptance and when the status is changed to accepted. the applicable premium is raised. destination etc.e. Motor Third Party Comprehensive Travel Assist An automatic load facility is available for the loading of Fleet Motor details and members for Workman Compensation. Address.g. The same module is used for all lines of business. Building type etc. Make.

CLAims .

Claim settlement can be either via Credit Notes. Cash or using an additional Automatic Cheque Production facility. Initial Claim Reserves are recorded and the amount approved prior to any payments being released. ……. 17 .insurance applications by insurance people. Claims are recorded against the insured item as well as the applicable covers. Reserve Increase or Decrease is controlled via separate transactions to maintain a full history.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.

ReiNsURANCe .

The inward policies are then linked to the applicable reinsurance contracts that are identified by a reinsurance program. 19 . Periodic Reinsurance Accounts are generated when due and are split based on the Participant percentages.insurance applications by insurance people. 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. the reinsurance Treaty limits are validated against the Sum Insured and the system automatically flags if Facultative cover is required. Reinsurance transactions are automatically generated from the inward Premium and Claim transactions.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. …….

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.insurance applications by insurance people. There is also a General Ledger interface that allows for the transactions to be mapped to the relevant GL Account codes and Journal Vouchers (JV’s) are automatically created and can be imported into any Third Party General Ledger. 21 .

RepORtiNg .

……. 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.General Insurance System (GIS) Reporting The GIS system incorporates comprehensive reports that run at a range of levels and frequencies. 23 . client or products.insurance applications by insurance people.

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. 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. Table Maintenance A separate module allows the end user to view and update (where applicable) reference data tables.insurance applications by insurance people. 25 .

seCURity .

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. Discount percentages etc).g. providers with specific system privileges. In addition to the Insurance company staff. agents. Users with this authority are defined and maintained. New users are allocated to their specific role. ……. Authority Limits There are several user defined limits which include: • Underwriting Limit • Claim Limit Override Approvals Based on specified business rules. users can be clients.insurance applications by insurance people. 27 .General Insurance System (GIS) Access & Controls Role Based User roles are defined which control the access to the various modules available. manager override may be required to process various transactions (e.

TAKAFUL SYSTEMS .

insurance applications by insurance people. 29 .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 …….

ARIMA TEAM .

31 . In additiona a Help Desk is available to all clients which includes a 24hr x7 emergency contact/support number.insurance applications by insurance people. The team includes qualified Project Managers. Diplomatic Area PO Box 15642. Contact Details For more information on ARIMA and it’s range of products please contact: Customer Services Manager ARIMA Insurance Software ARIG House.General Insurance System (GIS) ARIMA TEAM ARIMA have a dedicated team of professional software developers with a strong business background. Business Analysts and skilled Technical personnel. Manama Kingdom of Bahrain Tel: +973 17544111 Fax: +973 17918111 e-mail: arima@arima.com.bh …….