Sara-Insurance Management System

1
Sara-Insurance Management System

• Multi Environment Solutions

2
Modules

•       Insurance Underwriting
•       Re-Insurance
•       Brokerage Calculation
•       Claim Processing
•    Administration of Insurance Policies
•      Finance and Administration
•       MIS
• Back office
• Payroll
• HRD
• Purchase/Store
• Fixed Assets

3
Insurance Underwriting

• Insurance Type Details e.g. Automobile , House,
  Cargo
• Insurance Sub Type e.g in Automobile it can be
  comprehensive or third party
• Insurance Risks e.g. Covered and not Covered
• Insurance Premium for different Risks
• Standard Insurance Policies for Insurance Type
  Sub Type of various insurance companies

4
Competitive Analysis

• General Terms Conditions
• Special terms Conditions for Insurance Type
  Subtype
• Standard Brokerage Percentage on different types
  of Policies
• Display Comparison of Insurance Policies of
  different Insurance Companies for a given
  insurance type/subtype
• Selection of Insurance Policy
• Receipt of First Premium
• Issue of Policy

5
Insurance Underwriting(cont.)

• Insurance Type Details e.g. Automobile , House,
  Cargo
• Insurance Sub Type e.g in Automobile it can be
  comprehensive or third party
• Insurance Risks e.g. Covered and not Covered
• Insurance Premium for different Risks
• Standard Insurance Policies for Insurance Type
  Subtype of various insurance companies

6
Reinsurance

• Reinsurance Companies
• Reinsurance available for various insurance type
  sub type
• Insurance Risk covered, not covered premium etc.
• Reinsurance of a policy/ of policies
• Brokerage Calculation
• Brokers/Agent Database
• Calculation of Brokerage for a policy
• Issue of Credit Note through a Broker for a
  Policy or For a period
• Payment of Brokerage
• Broker Rating

7
Claim Processing

• Receipt of Claim
• Appointment of Surveyors if Required
• Surveyors Report
• Calculation of claim to be paid
• Claim Approval
• Payment of Claim
• Upgrade the Insurer rating

8
Administration of Insurance Policies

• Renewal of Insurance Policy
• Reminder letter to the insurer for lapse of
  Policy
• Reminder letter for payment of Premium
• Cancellation of Insurance Policy
• Reinsurance of Renewed Policy

9
Finance and Administration

• Account codes account groupings
• Details of Banks of the company
• Purchase bills
• Sales invoices
• Receipts from customers
• Payments to suppliers
• Journal vouchers
• Bank to Bank transactions or Bank to Cash
  transactions
• View / print payments to be made
• Approve payments

10
Finance and Administration (Cont.)

• Print payment vouchers
• Print cheque
• Hole payment for an invoice or for vendor
• Compare budgeted expenditure with actual expenses
• TDS rates for various types of bills
• Debit credit notes
• Post transactions to General Ledger
• Perform period end, monthly and yearly
  processing

11
Finance and Administration (Cont.)

• Display / print customers outstanding
• Display / print vendors outstanding
• Print day books
• Print General Ledger
• Print trial balance
• Consolidate account of various division

12
MIS

• Total Exposure of the company for various
  insurance type subtype
• Percentage of Risks reinsured
• Brokers Rating
• Comparison of Profitability of various Insurance
  types