Personal Insurance
Applicon Personal Insurance is a pre-configured SAP system that is designed to cover the needs of small and medium sized insurance companies.
Present and future requirements
The solution is optimal for smaller and medium sized insurance companies and is designed to be as risk free as possible, yet flexible and at an affordable price. The solution addresses many of the challenges that are present in today‘s insurance market. It is also designed to be easily upgradable and therefore it is ready for future requirements and growth of a company.
Even though this is a standardised solution it is easy to adapt to special requirements for each company. Best practices of configuring requirements based on standard SAP were followed during the design, e.g. regarding marketing and training plans, business processes, unit testing and acceptance testing.
Main features of Applicon Personal Insurance
- Policy Management
- Commission
- Re-insurance
- Claims
- Bank Connections
- Accounting
Powerful solution for fast moving business
With Applicon Personal Insurance it is easy to create new insurance products and premium calculations can be based on multiple conditions. The same applies for re-insurance as those contracts can suddenly change and therefore, powerful reporting is essential.
Discounts and surcharges are just as flexible and can easily be custom-made. The system is designed in such a way that all possible discounts are found automatically, and that both reduces manual entry and guarantees data security.
Examples of products
- Life Insurance
- Critical Illness Insurance
- Combined Life and Critical Illness
- Group Insurance
- Salary Insurance
- Unit Linked Life Insurance
The system is fully integrated with SAP finance modules, which means that all relevant accounting information is updated as soon as each transaction is saved.
