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 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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