LIFEfit Profile |
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| 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 Document Management System (DMS)
- Workflow with RAG-rated individual operator "to do" lists, and extensive monitoring
- Built-in report-writing
- Industry standard reporting tools interface (e.g. Crystal Reports/Business Objects, Qlikview, Tableau)
- Web Service integration
- 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
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