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Now
there's no reason for insurance companies
to be afraid of their big, bad competitors.
CMC's GENISYS insures them from the pitfalls
of the present and assures their future
The
product
GENISYS:
General insurance systems
A state-of-the-art general insurance
industry solution, which provides customised
business rules, tariffs and procedures
The
client
The
New India Assurance Co Ltd
Asia's largest non-life insurer (excluding
Japan)
The New India Assurance Co Ltd is Asia's
largest non-life insurer excluding Japan.
It has 1036 offices, 5000 users and 200
types of policies. The company's gross
premium exceeds $800 million.
GENISYS
was first field implemented in late 1998.
It has evolved, following liberalisation,
which brought in dramatic changes in insurance
business rules and functionalities.
Project details
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|
Supply of the application software,
GENISYS |
|
|
Implementation |
|
|
Implementation
support to the offices where client
personnel implemented the software |
|
|
Technical
support services to the users |
|
|
Product
maintenance services |
|
|
Project
management services |
|
|
Training
|
Technical
architecture
The application is deployed on client-server
architecture on LAN
RDBMS: Oracle
Front-end: D2K
OS: UnixWare/ Linux
Benefits for the insurance customer
|
|
Top-of-the-line customer service |
|
|
Minimal waiting period for any transaction |
|
|
Quick
claims settlement |
|
|
Automatic
generation of renewal notices |
|
|
Efficient
redressal of customer grievances |
Benefits for the broker/agent
|
|
Calculation of commission on periodic
basis (daily / weekly / monthly) |
|
|
Prompt disbursement of commission
/ incentives |
|
|
Quick
access to information |
|
|
Immediate issue of policy |
|
|
Quick
claims settlement |
Benefits
for the user
|
|
Easy handling and availability of
timely and relevant data |
|
|
Entry error is minimum |
|
|
Ease
of operations:
|
|
Friendly user interfaces |
|
|
Minimised data capture |
|
|
Computer
generated vouchers, receipts,
pay-in slips, etc |
|
Benefits
for the management
|
|
Ready availability of information |
|
|
Intermediary-wise business analysis |
|
|
Operating
results |
|
|
Premium income |
|
|
Claims paid |
|
|
Claims
outstanding |
|
|
Funds
transferred to higher offices |
|
|
Efficient
management of surplus funds |
|
|
Aggressive
marketing augmented by availability
of a client database |
|
|
Reports
for external regulatory bodies |
|
|
Improved
quality of decision-making through
a better decision-support mechanism |
|
