CMC's state-of-the-art solutions for general insurance products
financials
brochures

Flexible as an indiarubber man, GENISYS Configurator is also available as individual components for specific needs. But be assured, the application as a whole is more than the sum of its individual parts

The product
GENISYS Configurator: General Insurance configurator

A suite of components for a comprehensive insurance system

The client
Reliance General Insurance Co Ltd

The insurance arm of India's largest private sector company

Reliance General Insurance Co Ltd is the insurance arm of India's largest private sector company, Reliance Industries Ltd. It is one of the major private non-life insurers in India.

GENISYS Configurator is equipped with an entire suite of components to meet the complete needs of a typical insurance organisation. But it is also available as individual components based on specific organisational needs, for life and non-life insurers, brokers, agents and other intermediaries. These components can be easily ported to platforms of choice or customised to suit the specific practices of any insurance organisation.

Project details
Supply of the application software - GENISYS Configurator
Configuration of the software
Implementation at the central site
Technical support services to the users
Product maintenance services
Project management services
Training
User
Product administrators

Deployment architecture
Internet deployment with a centralised database for internal / external users. There will be a centralised high-end database server containing the data of all the area offices, along with a central high-end web server. The infrastructure will cater to transaction and query requests from all the area offices. The area offices will be connected to the central server either through intranet or through the public internet.

Users can access the site through proxy, as shown in the diagram below:




Benefits for 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
Policy guidance and online chat facility with insurance company professionals
Guidance on geographic information about offices / agents / surveyors, tariff information, etc
Anywhere service: Policy, endorsement, renewals, claims across geographical locations
Home service on quotes, buying policies, intimating claims and status tracking

Benefits for brokers / agents
Calculation of commission / brokerage on a periodic basis (daily / weekly / monthly)
Prompt disbursement of commission / brokerage
Quick access to information
Immediate policy delivery
Quick claims settlement

Benefits for users
Easy handling and availability of timely and relevant data
Entry error is minimal
Ease of operations owing to:
Friendly user interfaces
Minimised data capture
Computer-generated vouchers, receipts, pay-in slips, etc
Online help and guidelines

Benefits for the management
Ready availability of information
Operating results
Premium income
Claims paid
Claims outstanding
Funds transferred to higher offices
Intermediary-wise business analysis
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 better decision-support mechanism
Opening up of new business channels with intermediaries and business partners
Enables a customer-focused business orientation

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