Life & Pension 

ALIS Insurance Software Functional Components

ALIS Life and Pension software is equipped with robust functionality and regulatory support. The configuration tools enable our customers to efficiently address territorial products, process, legislation and regulations requirements, to meet the business challenges of today's dynamic insurance marketplace.

ALIS Functional Overview

ALIS functional components include:

  • Quotation & Illustration
  • New Business
  • Policy Servicing
  • Underwriting
  • Billing & Collection
  • Claims Processing
  • Agency & Commission
  • Reinsurance 
  • Document Management

ALIS is currently deployed and in production in eight different countries, all with country specific products, processes, and regulatory requirement, allowing for the customization of business and local needs, including:

Configurable Product Support

Product Workbench enables the user to configure virtually any insurance or investment product. Configurable products, transactions, features and formulas, provide our customers with complete flexibility to rapidly support emerging new insurance products.

Add-on Regulatory Support

A robust and configurable regulatory engine that enables the user to configure regionally specific regulatory requirements. Regulation rules are configured separately and then connected to the product to easily accommodate product specific differences and compliance testing

Robust & Flexible User Interface

A flexible user interface that can be pre-configured based on user-type. The user interface provides easy access to enter or retrieve to information with the minimal number of key strokes.

Embedded Workflow

Flexibility to establish workflows that are tailored to your specific processing needs. The system administrator can create a workflow by defining and associating activities using the rules engine.

Multi-Language

The system supports multiple languages; languages are selected based on user profile. ALIS is currently implemented in six different languages.

Multi-Currency

The system supports multiple currencies. ALIS is currently implemented in seven different currencies.

Multi-Branding/Channel

The system can be easily configured to support multiple brands and distribution channels.

 




Download the Celent report - CELENT-2011 PAS Life Insurance Vendors