sohamLife

Key Features

The solution provides seamless integration between Underwriting, Claims, Reinsurance and Accounting departments thus avoiding data redundancy.The solution addresses global as well as country-specific operational, processing and reporting requirements. SohamLife is a multi-currency and multi-lingual application. It is a fully integrated component-based solution supporting the core business processes, and data entered into one component like Underwriting is available on real-time basis for Claims, Product Management, Policy Management, Reinsurance and Accounts for further processing. The solution makes full use of their parameterised approach for the configuration of complex insurance products. The externalisation of parameterisation rules allows changes to be quickly made without the need for any programming changes.Built on component-based architecture, sohamLife is highly extensible and customisable product. Leveraging on the JEE design, the solution uses “Plug & Play” along with Dream Tekis Service Oriented Architecture (SOA) support. sohamLife, a dynamic policy administration system, helps insurers to market new products quickly, improve customer service, and reduce operating costs. Fully loaded with prebuilt, product-specific templates driven by simple, intuitive Wizards, the system ensures what you need is already in place. Highly configurable by the user, sohamLife supports multiple product lines on an enterprise, web-based system. Designed to be User Friendly sohamLife is a dynamic, enterprise policy administration system designed to manage all insurance processes from product development and self-service web portals through policy administration and claims. sohamLife’s rules-based configuration engine streamlines product development, policy administration, and customer service with advanced functionality specially designed for the user. The solution offers Product Configuration, New Business & Underwriting, Policy Administration, Billing & Collections, Agent Management & Commissions, Claims, Document Management, and Web Portals for Agents, Administrators, and Policyholders, and MIS for complete reporting and analytics.