Insurance Software Suite Based on StarINS Platform
StarINS represents a complex enterprise level solution for commercial insurance companies covering LIFE (Life, Unit & Indexed-Linked and Annuity) and GENERAL (Property & Casualty) insurance. This process-oriented modular software solution provides full coverage of front- and back-office operations including active steering and notification of end users via its integrated workflow module. The extensive parameterization capabilities of the software is one of its distinctive features providing self-sufficiency, flexibility, variety and promptness in reactions to market needs. StarINS represents a future-proof product with managed roadmap. Its continuous improvement is ensured by a highly qualified experts in IT, actuarial science and financials. The complexity of functionalities in both horizontal and vertical direction renders the software suite the ambition to become a standalone package covering the companies´operational (back-office) as well as sales (front-office) needs.
StarINS – optimized for your business needs
The system follows a building-block principle of its 15 modules, of which 13 are aimed to serve the back-office operations of the insurance company. The modules are mutually independent and strictly preserve their business competences. The modules cover the needs of specific business areas of insurance and complementing each other.
By choosing the right infrastructure it is possible to scale-up efficient (optimized) solutions for small, mid-sized and large companies.
BUSINESS AREAS
covered by StarINS Software Suite
Product builder
Powerful Tool for Design and Configuration of Product Lines
Policy administration sub-system
Management of Policy Life-Cycle and Endorsements.
Claim management
Workflow-driven Claim Handling and Settlement.
Billing and collection
Powerful Billing and Collection Mechanisms, Reminders
System administration
Integrated Document Management System, Administration of User Rights
Agent management and commission processing
Centralized Administration and Processing of Commission and Overrides, Management of Distribution Channels
Agent and Client portal
Mobile based Portal Solution integrating online and offline into ONE Solution
Reporting
High-quality reporting tool, predefined management summaries and statistics
Reinsurance
Full support for all types of Reinsurance Treaties
Financials and Accounting
Fully Automated, Rule-based Technical Accounting including Generation of Subsidiary GL
Unit-linked
Administration of Unit-linked and Saving Insurance Products
Design
Designed with the aim of minimizing the end-users´ work
Provisions
Processing of Premium and Claim reserves and configuration of other Technical Provisions
Business Process Management (workflow)
Enterprise-Level Workflow Management
Affordable. Flexible. Comprehensive. Be invited for a demo session!