LIFEfit Profile

LIFEfit offers flexibility and scalability, and supports the full range of life and pensions products.

100% web-based interface - new business, enquiry, servicing, product design, daily operations
Flexible, parameter-driven product setup, policy design, underwriting, servicing and claims handling - requires no IT programming
Supports unit-linked and traditional product lines, both individual and group business, for full policy lifecycle from quotation to claim
Automated premium billing and reconciliation including Direct Debit, Credit Card and other methods
Automated payment (direct credit, telegraphic transfer or cheque print) for claims and commission, with authorisation limits
Undeletable audit trail for all activity - who and when
Double entry ledger for all financial transactions (including detailed margin analysis), with standard automated interface to corporate ledgers
Premium tax accounting and reporting
Flexible commission structures and agent hierarchies, with automated statement generation (printed or e-mailed)
Reinsurance reporting with automated referrals, accumulation controls and bordereau preparation
Client/broker self-servicing over internet, including straight through processing for new business
Full multi-currency support (even within a single policy) for premiums, investments, claims and commissions
Multi-language, including Arabic, by user/client preference, for both input screens and outgoing correspondence including e-mail
Generates client/agent correspondence based on MS Word templates, printed or e-mailed in secure pdf format (includes automatic archiving)
Inbuilt scanning and imaging
Workflow with RAG-rated individual operator "to do" lists, and extensive monitoring
Built-in report-writing to CSV for MS Excel
ODBC-compatible database for standard reporting tools (e.g. Crystal Reports)
Sophisticated CRM/mailshot functionality
Automated anti-money laundering checks with daily e-mail reporting to company compliance officer
Automated feeds for Actuarial valuation and modelling applications
Operational since 1990 and bench-tested to 4 million unit-linked monthly processing policies