Blink
Del.icio.us
Digg
Furl
Google
Simpy
Spurl
Y! MyWeb
Insurance Management System
Apart from the challenges of deregulation, consolidation and convergence of financial services world wide, Radix has oozed out an innovative system of Insurance Software Solutions provider to the clients of multi angels providing insurance business management at a feasible cost features according to the relevant functionalities. The online Insurance Management System Software solution is a fully automated and integrated policy processing system for both personal and commercial insurance carriers. It is a scalable, reliable, and cost-effective solution for carrying out all business-critical insurance processing functions.
We are a leading Insurance Software Solutions provider for all segments of the insurance community and insurance product management. Our web based Insurance Management System Software solution helps to solve long-standing time-to-market challenges. Our web based insurance management system expertise and solution can dramatically lessen the cost of policy ownership services.
We offer a focused, supported approach to provide a secure future for our clients through affordable solution that helps to meet their needs and expectations.
Insurance Policy Management Software Solution
Radix is committed to serving the needs of the clients providing an insurance technology outsourcing service for the insurance industry. Radix has an in-depth understanding of the insurance business management with dedicated experts to the insurance practice to furnish to the specific business requirements for the industries. Our team of insurance technology consultants has developed a conceptual framework for the insurance tracking system, processing flows and other assets that enable a detailed analysis of both the life and non-life sectors. We are one of the business specialists that drive the demand for Insurance Industry.
We are offering a robust web based insurance solution, which has the flexibility of customizations to match the specific needs of clients for achieving their business goal of good service and revenue generation. Here are those modules for your insurance business management.
- Insurance Policy Administration System
- Claims Management Systems
- Insurance Agency Management System
- Insurance Agents Management System
- Policy Management System
- User Management System
- Endorsements Management System
- Data import / Export system
- Policy Registration and Quotations Engine
- Insurance Administration Management System
- Content Management System Module
- Insurance Document Management System
- Insurance Accounting and automation
- Workflow solutions
- Auditing
- Business Intelligence
- Online Data Back-up System
- The benefit of On line Insurance Management System
Insurance Policy Administration System
- Insurance policy administration system consists of a mathematical notation that captures the relationship between policies and objects and the entities that manage policies for those objects.
- The Insurance policy administration system is consisting of a number of policy administration domains.
- The domains are arranged in a hierarchy, representing descending levels of authority.
- The presence of an object in a domain represents the ability of the manager of that domain to write policy for that object.
- A number of important issues for policy administration are identified and addressed within the model.
Claims Management Systems
We can build applications that will ensure claims are processed fast and efficiently. Operator flexibility is the key, and we aim to improver operator productivity while processing claims.
- Real-time status for quick resubmission and faster reimbursements.
- Unique claim aging tool shows thousands of claims status in one view.
- Insurance Claims System uses electronic filing system to primary and secondary payers.
- Each claim is scrubbed with up-to- date Medicare rules.
- This Claim Processing System helps in quick resubmission for claim rejections.
Insurance Agency Management System
- Insurance Agency Management System facilitates an insurance company's ability to address relationships with its product distribution channels.
- This system helps in managing current Agencies, can add New Agencies or Delete Current Agencies.
- Insurance Agency Management System is the solution that delivers to manage and grow your insurance agency to assist day-to-day management of your agency. Agency management utilized for small business, individual or enterprise business.
Insurance Agents Management System
- Insurance Agent Management System maintains Multiple Agents from Multiple Agencies, keep the track of their activities from Policy Registration to Claim processing.
- All their data, their commission, their policies status updates, etc. are taken care by this module.
- This Insurance system helps in smooth functioning of the Agents working and makes the processes faster and efficient.
Policy Management System
- Policy registration is intended to be a vehicle for the exploration and discussion of policy issues and is aimed in particular at enhancing communication between health policy researchers, legislators, decision-makers, and professionals concerned with developing, implementing, and analyzing health policy.
- Policy quotations engine is an on demand quotation management feature coupled with detailed profit optimization and approval management engines.
- With quotation engine you can automate the sales and services processes that are currently being done using a hybrid of spreadsheets, documents and emails with little to no process control.
- When you have completed your quotation you can use the engine to seek approvals for non- standard pricing and/or terms and conditions. Discounts and loading management.
- Policy renewals and policy cancellation can be managed by the insurance policy management system.
User Management System
- A new user registers by filling in a form on your web-site.
- If necessary, the new user is first place in a waiting list until you approve the new user.
- After adding the user, the user can login to the system with his or her username and password to make changes.
- You can use overviews of users for mailing purposes etc..
- User Management System manages all the users of the system i.e. Customer, Administrator or Agents.
- It keeps the track of thee the activities they performs, their data, their access information, etc.
Endorsements Management System
- Endorsements to a title insurance policy are addenda or attachments to the policy that may correct or modify a previously issued title policy, or alter or modify the provisions of the exceptions, conditions and stipulations of the title policy so that the insured party receives greater coverage than would exist under the terms of the unendorsed title policy.
- Endorsements create a greater liability for the title insurance underwriter, and therefore most endorsements require an additional charge to be collected in excess of the usual title insurance premium.
Data import / Export system
- It handles large amounts of data to import and export it securely.
- It does processing and management of large and sensitive data compression/decompression and/or encryption/decryption allowing the exchange of data through the network with high performance and stability, exchange of data among Web server(s), business application server(s) and database server(s) and account information including user passwords.
Policy Registration and Quotations Engine
- Policy registration is intended to be a vehicle for the exploration and discussion of policy issues and is aimed in particular at enhancing communication between policy researchers, legislators, decision-makers, and professionals concerned with developing, implementing, and analyzing health policy.
- Policy quotations engine is an on demand quotation management feature coupled with detailed profit optimization and approval management engines.
- With quotation engine you can automate the sales and services processes that are currently being done using a hybrid of spreadsheets, documents and emails with little to no process control.
- When you have completed your quotation you can use the engine to seek approvals for non- standard pricing and/or terms and conditions. Discounts and loading management.
Insurance Administration Management System
- Insurance Administration Management system can manage multiple administrators and can have the track of the right assigned to them.
- It takes care that all the Administrators function wit the system as per the rights assigned to them ad they can get their work done in efficient manner.
- Customizable and strong administration system.
- Insurance Sales Management can be managed by insurance sales system.
Content Management System Module
- Content Management System is used for managing the capture, storage, security, revision control, retrieval, distribution, preservation and destruction of documents and content.
- Content Management System especially concerns content imported into or generated from within an organization in the course of its operation, and includes the control of access to this content from outside of the organization's processes.
- Content Management System is designed to manage unstructured content (and to a lesser degree structured data), so that an organization, such as a Insurance Companies, can more effectively meet business goals (increase profit or improve the efficient use of budgets), serve its customers (as a competitive advantage, or to improve responsiveness), and protect itself against non-compliance, law-suits, uncoordinated departments or turnover within the organization.
Insurance Document Management System
It's important to maintain documents so that you can get to them faster, and easily. Eden IT offers document management solutions for easy maintenance of your policies, endorsements, quotes, binders and the like. You can design your templates in common word processing tools, and the document management system will integrate and process these templates to generate and maintain documents. The documents can be retrieved at any time and are indexed in a database for quick searches.
- Insurance Document Management System is a secure file upload management system with built-in audit tracking, and is a plug-in extension to the Power Central Portal.
- The System provides the capability for Health and Hospital Portal Editors to build secure document upload screens, with audit tracking, for the hospital department administrators to upload mandatory, mission-critical documents.
- Customized reports and Ad Hoc reports are generated from the system.
- Admin can set the access of all of the reports generated.
- This System will maintain the generation of the various reports which will be provided to the users as per the requirement.
- The reports like Modification Report, Policy Management Report, Payments Received Report, Agent commission report, etc.
- A Document is generated at every step of the system.
- These documents are then displayed within the hospital Intranet portal for authorized staff to review and download.
- This System is designed to create an audit trail of all document uploads, manage the process of document approval, and track viewer profile attributes.
- Each group can have different criteria defining their document upload screen, such as document type, document size, upload time frame, and facility type.
Insurance Accounting and automation
Insurance accounting is quite a complicated task, given the fact that there are so many issues with regulation, taxes, filing, commissions, brokers/underwriters, endorsements etc. We can build applications of insurance accounting systems and insurance billing systems that automate part of this task for you and help build better and more flexible solutions.
Workflow solutions
Radix offers you workflow solutions that will ease the task of issuing claims, policies, reimbursements, payments etc. You can enforce hierarchical constraints and automate workflow, thereby ensuring that all your checks and balances are in place.
Auditing
Insurance is a highly regulated industry, so audit controls are very important. For this purpose, Radix can write audit control solutions customized to your purpose that will help you track and control business issues within your organization.
Business Intelligence
Reporting and charting solutions that will make sense of your data. We can help you analyze your past data for better decision-making and help you make more informed decisions.
Online Data Back-up System
- Online Back-up System is used to have the backed of the data on another server so that in case Original Data get Damage, Lost, etc. then the data is available for work.
- This system helps in the Real Time Data Backup and maintains the data for the future purpose.
- It also facilities the data back-up at other Geographical location.
The benefit of On line Insurance Management System
Radix is the right technology choice for the vast majority of insurance-selling organizations on line. We have been closely associated with leading insurance players. Radix is essential for successfully managing and growing your business. Our web based insurance management system can manage your insurance business perfectly.
Our solution focus is on the following benefits.
- Compliance
- Speed- to-market
- Cost reduction
- Web-enablement
- Consolidation
- Integration
- Business process flexibility
You can view our Healthcare Insurance Policy Management System to get more details.
Case Study :Web Based Healthcare Insurance Policy Sales and Management System
We invite you to browse our on-line inventory and expect your valuable Inquiries.