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Insurance Core Life

Insurance Core Life™ of SysOne is the platform that supports the entire process of product management for life insurance. It is a flexible software suite safe and constantly evolving, able to increase business productivity. SysOne Insurance Core Life ™ is designed to deliver results in real time, providing centralized data and customer-focused vision, which means it is easier to implement new regulatory changes and customer data across all product lines and sales channels are available in one system. Being a modular solution allows shorter implementation and configuration costs and lower maintenance, thanks to the possibility of phased

SysOne Insurance Core Life™ can be deployed as a complete solution, or insurers may choose to use individual modules such as policy administration, claims, reinsurance, sales management and product configurator, among others. Insurance Core Life™ design is based on the Java EE multilayer technology and a service-oriented architecture. The modules support processes low and high contact throughout the life cycle management policies. The Insurance Service Bus™ platform is the basis of the system.


The products of supported life insurances are:

  • Traditional life: Temporary, of investment, whole life, mortgage life, waiver of premium and fixed annuity.
  • Investment life: Related to investments, universal life, unit linked, variable universal life and variable annuity.
  • Personal accident and health: Accident, serious illness / terminal illness, hospitalization, long-term care and major medical expenses.

Features

Integrable platform Compatible with all existing technologies in the company as well as web services.
Sure investment Delivery of the codes of source. I pay for milestone of the project and contract of technical support.
Scalability Using a 100% stateless scheme, which allows you to add and remove nodes from the server farm horizontally, being able to increase the customer base without high costs, a simple and transparent manner.
Accounting integration Automatic and configurable accounting movements of the company.
BPM Integrated workflow provides flexibility and control over business processes defined by the insurer.
Defined response times Response time guarantee contract, depending on the criticality of the requirement.
Services layer Immediate interconnection with other systems and orchestration of services through REST API.
Bulk operations Management and bulk import the entire lifecycle of life insurance policies.

Benefits

Flexible implementation Possibility implemented as an integrated solution, or purchase individual modules such as policy administration, claims, reinsurance, among others. It also allows integration with other systems and is oriented SOA services.
Massive and global operations Platform with a high degree of automation and easy support for remote collaboration or centralization, to reduce the inherent operational costs and optimize resource utilization.
Improved customer service Allows all stakeholders collaborate on a single platform, which means faster response to market changes and improved customer service. Support from end to end.
Decreased operating costs Built on SOA architecture that allows easy integration with other systems, reducing the investment of time and money, as well as maintenance of the platform.
Omnichannel Front-End Customized user interface, built to measure, where visual and interaction elements are implemented in different supported channels such as web responsive, mobile apps, social networks, SMS, etc).
Technology transfer So that the technical department of the company acquires the necessary knowledge in order to have the operational control and maintenance of the platform.

Functionality

Policies
Subscription
  • Draft
  • High
  • Approval
  • Documents
  • Comments
  • Reinsurance
  • Automatic commissions
  • History of the policy
  • Map of movements of the policy
  • Hedge management
  • Insured risk management
  • Premium receipt
  • Financing
  • Beneficiaries
  • Dynamic form
  • Contacts of the policy
  • State management
  • Integration with doctors
  • Reports on premium
  • Medical analysis
  • Generation of itineraries and health questionnaires depending on the complexity of risk is assessed
Endorsements
  • Increased coverage
  • Decreased coverage
  • Reinstatement
  • Informative
  • Renewal movement
  • Canceling movement
  • Annulment
  • Another type of Endorsements
Renewalss
  • Individual
  • Lot
  • Changing conditions
  • Map Portfolio
  • Announcements
Groupss
  • Subscription
  • Group conditions
  • Certificates revenue
  • Certificates exclusion
Reservations
  • Movements
  • Constitution
  • Liberation
Quotations
  • Offers
  • Tracing
  • Approval
  • Offline
  • Online
  • Through mobile devices
Claims
Claims Administration
  • Workflow
  • Record claims
  • Summary
  • Reinsurance
  • Movements
  • Control of insured property
  • Comments
  • Times control
Collections
  • Registro de documento
  • Control de recepción
Payments
  • Request
  • Breakdown cover
  • multiple recipients
  • Validation reservation
  • Automatic reinsurance
Service orders
  • Registry
  • Tracing
Reservations
  • Registry
  • Settings
  • Validations
  • Reinsurance
Recoveries
  • Registration process
  • Tracing
Claims analysis
  • Reports
  • Graphic analysis
Inspections
  • Photographs
  • Claims mailbox
  • Attach from mobile phone
Reinsurance/Coinsurance
Taller de contratos
  • Automatic management contracts
  • Conditions
  • Participants
  • Simulator
  • Proportional and non-proportional
  • Multilayer
Operating
  • Premium Distribution Control
  • Doctor’s check
  • Approvals
  • Distribution control in claims
  • Catastrophic Events
Contract management
  • Control of settlements
  • Detailed Assignment of Assignments
  • Workflow settlement status
  • Technical Accounts
  • Settlement of participants
Analytical
  • Bordereau of cousins
  • Bordereau of claims
  • Portfolio Profiles
Coinsurance
  • Given away
  • Accepted
Commissions
Configuration
  • Contract management
  • Schema Definition
  • Points
  • Multilevel Participants
Operative
  • Control of commissions generated
  • Control of generated points
Goals
  • Goal setting
  • Goal control
Closeouts
  • Control of settlements
  • Detailed Association of Commissions
  • Workflow settlement status
  • Retentions
  • Points
People
Customer 360° look
  • Contact assets
  • Quick access to active
Contact management
  • General information
  • Natural entity
  • Legal entity
  • Addresses
  • Location Gmap
  • Financial data
  • Roles of the entity
  • Historical
  • Profile
  • Desactivation
Correspondence
  • Multi-channel message
  • Scheduled Letters
Interfaces
  • Synchronization
  • Import
Workflow BPM
Workflow Designer
  • Drag & drop web designer
  • Management by branch / product
  • Editing states
  • Editing Transitions
  • Permits
  • Conditional Transitions
Workflow Engine
  • Sequential and non-sequential tracing
  • Status display in progress
  • Options by state
  • Transition actions
  • Transitional Posts
  • SLA
Process audit
  • Transition Monitor
  • Fulfillment
Optimization of processes
  • Transaction control
  • Graphic
Demands
  • Requirements
  • Tracing
  • Authorizations
Business Intelligence BI
Statistics
  • Dynamic Filters
  • Customizable control panels
  • Combined Filters
  • Real time
Control panels
  • Active premium analysis
  • Analysis of premium charged
  • Casualty
  • Analysis of claims
  • Analysis of producers
  • Cancellations
  • Loyalty
  • Demographic
  • Sales force performance
  • KPI Key Metrics
Operational Reports
  • Filters
  • Dynamically expandable
  • Export
  • Vigor
  • Regulatory
  • Abstracts
Massive Operations
Bulk Load
  • Load validation templates
  • Rules
  • Operations queue processing
Remittances
  • Operations processing
  • Arching
Export
  • Export batch results
  • Export data
Templates
  • Template management by product
  • Mandatory Fields
  • Field Types
  • Uniqueness of fields
Supervisor
  • Real-time batch task monitor
  • Historical batch task monitor
  • Server Cluster Control
  • Control recurring jobs
  • Checking queues
  • Scheduling tasks
  • Failed jobs
  • Successful Jobs
  • Deleted Jobs<
Massive Endorsements
  • Low mass
  • Mass inclusion
  • Mass exclusion
Product Workshop
Product Management
  • Life cycle management
  • Download
  • Change control
  • Coding
  • Dynamic form
  • Definition of hedges
  • Product Documents
  • Dynamic coverage form
  • Outbuildings
  • Incompatibilities
  • Surcharges and discounts
  • Interests
  • Master classes
  • Master coverings
  • Expression of insurability by coverage
Bussiness Rule Engine (BRE)
  • Actuarial variables
  • Mathematical Expressions
  • Logical operators
  • Terms
Product Actuarial Simulator
  • Simulated configuration
  • Input Parameters
  • Switched
  • Results
Taxes
  • Management of liens
  • Tax Simulator
  • Workflow publishing
  • Change history
  • Coverage or Event Tax
  • Non-bankable liens
  • Exemptions
  • Fixed or percentage
  • Conditional application
  • Behavior by process
  • Application by country, state, branch, product, coverage, type and / or person
  • Boards
Boards
  • Switch table management
  • Management of tables of values
  • Import
  • Manual input
Rescues
Rescues
  • Total and partial
  • Rescue application
  • Notification of receptions
  • Verification fit for bailouts
  • Issuance of payment orders
  • Policy reduction
  • Policy Endorsements
Loans
Loans
  • Loan application
  • Loan cancellation
  • Granting Policies
  • Customer Scoring
  • Notification of receptions
  • Loan Verification
  • Generation of payment plans
  • Interest Calculation
  • Monthly fee collection
  • Refinancing
  • Loan Cancellation
Collections
Collections
  • Generation of Billing Statement
  • Automatic collection: Generation of interfaces for collecting entities (banks, credit card, others)
  • Manual collection
  • Collection through pre-settlements of intermediaries
  • Accounting Allocation
  • Notification of non-payment
Accounting
Accounting Module
  • Regulatory reports Superintendency of Insurance (Balance SINESUP, Current investment state)
  • Integrated accounting with Virtual Office
  • Manual Seats
  • Automatic locks
  • Creation of partial periods
  • Cost Center Control
  • Inflation adjustment
  • Bimonetary accounting
Accounts to Pay Module
  • ABM Providers
  • ABM Insurance Producer
  • Loading of vouchers
  • Issue of payments
  • Automatic retention
  • Voucher authorization Worflow
  • Current account providers
  • Current account Insurance Producer
  • Reporting on claims
  • Reporting on insureds
Treasure Module
  • ABM Bank accounts
  • Bank Reconciliations (semi-automatic)
  • Control of Values
  • State of Values
  • Banking positions
  • Fixed background
  • Expenses report
  • Credit cards
Accounts by Pay Module
  • Issue of sales invoices
  • Customers checking account
Investment Module
  • Management of Current Investments (Fixed Term, Securities, Values)
  • Investment reports for SINENSUP
Fixed assets Module
  • ABM Fixed assets
  • Amortization
  • Inventory Reports
AFIP Module
  • Creation of TxT file for import into AFIP and other collection agencies
Auxiliary I
Command line
  • API interface
  • Search Commands
  • Query Commands
  • Creation Commands
  • Editing Commands
Search engine
  • Policies
  • Claims
  • Contacts
  • Box
  • Comands
  • Guard Filters
  • Shortcut keyboard
Document manager
  • Document settings
  • Repository
Alarms
  • Configurable conditions
  • Actions by command
  • Notifications
Security
  • User Management
  • Locks
  • Password Policies
  • Role Management
  • Permits
  • Actions
Configurators
  • Instance Variables
  • Tags
  • Limits
  • Catalogs
Audit accesses
  • IP registration
  • Event
  • Time stamp
  • Denied
  • Browser
  • Thread
  • Path accessed
Auxiliary II
Reports
  • Reports
  • Management reports
  • Comparison of annual budget vs. Production by segment
  • Claims by intermediaries
  • Portfolio health
  • Detail of operations with all its economic values
  • Details of policyholders or policyholders
  • Risk Map
  • Regulatory reports
Control Boards
  • User Management
  • Locks
  • Password Policies
  • Role Management
  • Permits
  • Actions

Architecture

Insurance Core Life™ architecture combines a focused processes and services designed to scale (SOA) with application integration and service partners approach. The platform supports both modules can be implemented with Open Source tools as container owners, obtaining a high availability environment.

Presentation layer

100 % Web, supports multiple devices. It is not necessary to realize discharges to be able to use the system, it is enough to have only the direction URL.

Services layer

It is service-oriented (SOA), based on REST API. HTTP services can be consumed by a wide range of clients including web browsers, mobile, other systems or tablets.

Each process and resource data is exposed through an HTTP service enabling communication and integration between various current or future devices.

Process layer

The platform has an extended BPM (BPMN 2.0) with ability to solve RunTime time domain objects (insurance business). These objects can potentially be mapped to the data layer (relational database, partner service, etc).

This extension of the BPM generates an added value that gives simplicity and ease of reading process. Thus the processes have the ability to understand the business model with their corresponding objects in a natural way, avoiding technical actions within the process.

The process layer also has the ability to execute business rules thanks to embedded rules engine.

Business logic layer

It maintains business rules, constantly updating.

Base layer and data access

The data access layer provides a separation of code by its function. This approach provides flexibility to change the data persistence mechanism in the desired time.