OptiSuite™ INSURANCE is a software solution, which will address the needs of business corporate in the areas of INSURANCE and CLAIMS MANAGEMENT. It supports most types of insurances such as Marine cargo Insurance, Fire Insurance, Burglary Insurance, Engineering Insurance (Machinery Breakdown, Electronic Equipment) and Miscellaneous Insurances like Public Liability, Cash Insurance, Motor and Fleet Insurance, All Risk, Mediclaim and Workmen's compensation. Incorporated in it are features that provide efficient management of all Insurance related activities starting from filing the proposal to claims processing and settlement.
OptiSuite™ INSURANCE integrates with the Sales, Purchase and Finance modules of SAP R/3
Features :
- All the stages in Insurance and Claim Processing (Proposal, Policy Receipt, Policy Endorsement, Declaration, Consumption, Claims Intimation and Claims Administration) is handled by the product
- The policy details are captured and premium calculated with all the components
- Updating and tracking of premium amount
- Facility to store scanned images of documents like policy and survey reports as well as photographs of accident sites
- Customizable location profiles for location based insurance policies
- Address and message Customization
- Provision to capture Transit details, BL number, date of shipment for Marine Insurance Policy
- Tracking of Insured material, quantity and value along with related Purchase/Delivery documents for each policy (for Marine Insurance Policy) and the pending amount under each policy
- Tracking of Insurance Claims and policies through registers and reports
- Checklists of documents to be submitted for lodging Insurance claim
- Increases the efficiency of the supply chain by integrating the routine insurance related activities into the ERP's Business framework
- Centralized access to scanned images and policy documents reducing geographic access restrictions
- Archiving of Insurance object releases the storage space consumed by the accumulated data thereby guaranteeing efficient utilization of the available resources Customisation of message types ensures efficient user specific checks
