APEX Core Insurance system
Core Insurance Modules
Supports the complete lifecycle of insurance contracts, integrated with financials, reinsurance, CRM, Archiving, Notifications, IFRS17, and Workflows.
Hierarchal LOBs, Departments, Branches, Products, Risks, Covers, and more.
Product Designer, Risk Designer, Cover Designer.
Custom Attributes Designer.
Quotations Management.
Calculations: SI, Base SI, PML, Top Location.
Risk Collections for Group policies efficient management.
Risk Geo-Location.
- Policy Navigator (Quotations, Endorsements, Renewals, Up-to/Slide views).
- Pricing Matrix.
- Installments.
- Multiple Currencies.
- Batch Policies Loader (TPL).
Handles the entire claims lifecycle from outstanding to payment, integrated with reinsurance and financials, notifications, IFRS17, and workflow.
Flexible Document Setup.
Single/Multiple Covers, Risks, Policies; per claim.
Estimation Types.
Single/Multiple, Fully/Parital Payments.
Batch Processing.
Deductions Reminder.
Incidents management with Geo-Location.
Claims Adjustment monitoring.
Purchase Orders.
TPL Management.
Legal Cases Management.
Dynamic Reports.
- Manages all reinsurance operations including treaties definitions, allocations, closure with financial integration, for proportional and non-proportional treaties and facultative.
- Proportional, XOL, Facultative.
- Bases: Risk, Policy, Object (life).
- Loss-Limit Control.
- Shared Covers.
- Hierarchal Reinsurers.
- Robust Visual Closure Model: Monthly, Quarterly, with Transition Support.
- Treaties Renewals Management.
- Reinsurance SOAs, IFRS4, IFRS17.
- UW/CLM Auto-Allocation.
- Flexible Fac Session Management: Fac first, Fac Later.
- Table of Retention.
- Dynamic Reports.
- A fully-featured and powerful financial system compliant with IFRS17.
- Single-File Architecture.
- Flexible Chart of Accounts
- Cascaded/Overlapped Periods, Month 13.
- Multiple Currencies, Exchange Rates Control.
- Transactions Types Designer.
- Transactions Matching.
- Up to 16 Transactions Integration Dimensions.
- Ledger, Trial Balances, SOA, Aging reports, and Financial Statements..
- Year-End Processing.
- Integration Data Management.
- Petty Cash.
- Takaful Support.
- Parallel IFRS -4 and 7 executions, with IFRS-17 bridging vouchers (CE).
CRM
A customer relationship management system for managing client, broker, and agent data and communications, quotations and pricing.
Archiving
A fully integrated archiving system for documents, images, and records with advanced search and linking capabilities.
Flow
Automates and standardizes business processes through a drag and drop workflow designer with monitoring and reporting tools.
Eve
A non-intrusive notification system that can send alerts and reminders through various channels based on events occurring in the system.
DSS
An interactive reporting and business intelligence tool for data-driven decision making.
Key Features :
- Innovative & modern web-based UI.
- On-Premises/On-Cloud Hosting.
- Flexible and dynamic for new customizations (Quick time to market for new products).
- Scalable as you grow.
- Integration Capabilities.
- Designers everywhere (Product, Risk, Cover, …).
- Full auditing (logs, historical data).
- Hierarchical Line of business, Branches, Products, Risks, Products, Covers, …
- Driven by Business Rules.
- Flexible Closure Model.
