An insurance Enterprise Resource Planning Software (ERPS) that provides a comprehensive support for insurance underwriting processes, claim settlement, accounting processes, overall resource management, reporting and documentation, inter-branch operations and broker or agency management. The software is a multi-protocol system that implements Internet infrastructure protocols allowing organizations to effectively adopt low cost primary web services for their business transactions. Labsoft e-Insurance Accounting (e-IA) provides an efficient platform for insurance companies to effectively manage all their businesses and other resources, and makes available an up-to-date information on the overall performance of the organization. It is interactive, user-friendly platform independent.

FUNCTIONAL FEATURES

• Integrates Insurance and Accounting System
  This software integrates the insurance underwriting process such as motor, accident non-motor, fire, marine and transit, life (ordinary and group), claims with the corresponding accounting processes such as agency accounts management, insurance risks accounts, receivables, payables, assets resource management, inventory management and human resource management.
• Supports Web Services
  Allows for electronic transaction of Insurance activities such as on-line policy drafting, claims management, premium accounts update over the Internet to provide a wider reach to prospects and customers.
• Supports Inter-Branch Network Operation
  The system supports an on-line real-time service that allows for inter-branch network operations. Once a medium of data transmission is established either through wireless or VSAT, the software can run from remote locations. It supports both centralized and distributed database management systems.
• Monitors Broker or Agent Business Transactions
  Brokers and Agents now have access to necessary information and services such as brokers' transaction updates, commission positions, accounts update, this ensures the building of an enduring business relationship with other third party companies.
• Provides an Enterprise Resource Management Tool
  Effective platform to manage organizational resources such human capital management, inventory management, asset management; it also carries out valuation analysis on these resources and provides viable information to efficiently utilize organizational resources.
• Supports Management Documentation and Reporting System
  Provides over 500 reports to management on business operations and performance, and for managerial decision.
• Manages Insurance Risk Arrangement
  Monitors arrangements such as co-insurance, treaties, local facultative, legal cession, etc.
• Embodies Claims Management
  Manages claims records and schedules and computes claims experience. The system also carries out claims valuation and analysis on clients.
• Parades Numerous Reports
  Over 1,500 reports can be generated to support business processes and managerial decisions.

KEY BENEFITS

• Enhances the over-all productivity of the organization.
• Simplifies insurance underwriting and accounting operations.
• Ensures proper documentation and reporting of underwriting and accounting activities.
• Provides for effective and efficient management planning, budgeting and implementation.
• It reduces over-head cost and enhances adequate return on investment.
• Helps in capacity building.
• Allows for accessibility of services to a wider customer base.
• Customized to suit your peculiar business processes.
• Provides reports to support managerial decisions.