Innovative life insurance solution that cuts costs and time-to-market via automated underwriting, claims processing, report generation,
reinsurance, and financial processes.

Overview

PREMIA Life Insurance Developed on the latest Oracle platform, PREMIA Life is an award-winning, end-to-end solution that enables life insurance companies to stay ahead in a rapidly changing business environment. With a powerful suite of inbuilt tools for all insurance operations from underwriting and claims processing to financial accounting, this dynamic bi-lingual and multi-currency solution dramatically cuts costs and time-to-market with innovative process automation, delivering long-term benefits.

Over 110 Customers Worldwide

110+ PREMIA™ Life Insurance

  • Proposal-to-policy conversions
  • Integrated new business, policy administration, claims, and finance modules
  • Financial underwriting
  • Medical underwriting
  • Batch underwriting
  • Agency management
  • Auto RI allocations
  • Auto financial accounting
  • Image and document uploads
  • Flexible and dynamic components and tools that can be easily adapted to any business requirement
  • Integrated risk-analysis tools
  • Innovative product configurator with tariff and formula components to set up complex premium ratings
  • Deployable in both Internet and intranet environments
  • Improved productivity and shorter time-to-market with automated business processes, market-ready products, standard checklists, and minimal data entry
  • Reduced business costs
  • Complete business view at all times with integrated modules
  • Smarter business decision-making with advanced insurance analytics and reports
  • Increased flexibility and scalability with parameterized tariff and calculation tools, resulting in quicker service cycles and reliable data entry
  • Efficient handling of voluminous transactions and documentation requirements
  • Enhanced fraud prevention with transaction auditing capability

PREMIA Life can also be deployed with Oracle Database 11g Release 2 on Oracle Linux 5.5 and Oracle Weblogic Server 11g R1.

PREMIA Life is now Oracle Exadata & Exalogic ready.

Industries We Serve