Solutions & Capabilities

Solution

It is a web integrated policy administration site available worldwide.



  • Our clients will profit from the power of web integration
  • Increase automation and reduce your costs substantially
  • Respond to challenges, market conditions and opportunities faster
  • Improve collaboration, getting information where it is needed and when it is needed.
  • Rapid launch of new product lines, product self-sufficiency
  • Maximize the profitability of all your distribution channels
  • Manage risk more effectively Increase profits
  • Give you more time to grow your business.



The system is capable of the following functions



  • Web processing of policies, claims, accounting and reinsurance
  • Knowledge and Document Management
  • Loss Control Inspections



Whatever business you are in, we have a solution to fit your business and your budget.
The system handles Personal lines business, Commercial (Multi Mark type) and a number of high volume products e.g. Taxi, Credit life and funeral products via our integrated rating engines.




Product Maintenance

Product setup and design are driven by 1000's of data tables which make it easy to customise and configure policies to your business' specific needs and requirements.


Communication

Policy schedules are e-mailed to clients directly from the system, providing full maillog of previous communication. Hard copy documentation can be scanned and stored against the client, policy of claim level.

Changes to a policy do not overwrite previous information, changes are version controlled, and access controlled.


Business Intelligence and reporting

Business intelligence is based on your needs, custom dashboard selected from the more than 50 system standard reports means that setup time to analyse your business decreases significantly.

Several parties have specific reporting requirements either in the form of hard copies or electronic files, thus several formats are already available.




Claims

The claims module records and logs all relevant transactions against each claim. These include initial claims registration, upward or downward adjustment of estimates, creation of multiple quote candidates, acceptance of quotes, payments, salvages and recoveries.

Loss ratio management are available on several levels from claim, section, sub-section, item, based on a 365th earned premium calculation methods.


Financial Management

Financial transactions generated by the system are visible and available immediately after an update, with detailed calculation visibility and the policy can be endorsed again, if required, immediately thereafter.

Several collection and payment functions are available within the system:

  • Debit order
  • Electronic Funds Transfer
  • Automated Bordereaux reconciliations and payments
  • Preferred supplier management and payments

We place great importance on the analysis and the allocation of funds, to show what and how much is due to:

  • the broker (fees and commission)
  • insurance companies
  • add-on product risk carriers
  • sub agents
  • underwriting management agencies

The financials handles the recording of receipts, payments, journals and RD's.

Statements are available in the format of a standard age analysis providing information on age risk.

  • Johannesburg Branch:
    54 Maxwell Drive, Woodmead North Office Park, Woodmead, Johannesburg, 2000
  • Bloemfontein Branch:
    2 Oubos Estate, Kenneth Kaunda Avenue, Tredenham, Bloemfontein, 9301
  • Phone: 0861 266 562
  • Email: info@1web.co.za

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