Comarch Nonlife Insurance

Comarch NonLife Insurance is a comprehensive core business solution supporting processes in the P&C insurance company. The scope of implementation may include all modules and product lines, or just functional areas and products selected by the insurance company. Comarch NonLife Insurance differs from the other products on the market by way of its flexible Product Generator, system configuration, modern Web Front-End, SOA architecture and full support for all non life insurance lines of business as well as new distribution channels.

Comarch Insurance NonLife supports key areas of property insurance activities:

• defining insurance products to quickly and independently expand an offer with new insurance products created from scratch or using existing ones
• preparing offers and sales which supports the multi-channel registration and applications service
• managing policies of the whole life insurance business cycle
• settlements includes handling the financial arrangements for the generation of premium size, records, premium importsinclusive massive reconciliation of payments
• defining and accounting the sales network for sales structure management, record keeping of sales units, setting commission tariffs and remuneration programs, as well as counting due commission
• active service of damage claims allows the application to record damage and provide comprehensive support for liquidation
• defining workflows to create and modify business processes and ensure efficient group work taking into account the rights of users to perform various operations
• calculation enables the calculation of insurance technical provisions for the valuation of balance sheets as well as to meet the reporting requirements
• information exchange with institutions provides information flow to all the insurance entities required by law, thanks to the specifically built-in mechanisms for data exchange
• reinsurance programs include support for all the elements of a reinsurance policy and processes related to it.

Business and Operational Benefits:

• easy management of diversified insurance portfolio
• quick reaction to changes occurring in the insurance market by matching the offer to the latest trends
• reduction in IT costs and implementation time through the easy integration of Comarch NonLife Insurance system with other company computer systems.