ISI Core Modules

Most insurers think of reinsurance processing as an afterthought. In fact, in a recent survey, more than 80% of property and casualty insurers handle their reinsurance processing external to their systems using manual processes or spreadsheets. There is a better way. ISI Enterprise allows insurers to configure their reinsurance treaties and facultative arrangements and automatically integrate reinsurance processing within the policy administration and claims lifecycles. ISI Enterprise was architected to handle even the most complex reinsurance requirements, including retentions, layering, complex attachment criteria and pooling.

Key Features

  • Simple user interface to set-up and maintain treaties
  • Visual presentation of reinsurance according to treaty layering
  • Automatic assignment of reinsurance during policy and claims transaction
  • Ability to trace reinsurance calculations
  • Ability to associate reinsurance at coverage and policy levels
  • A centralized module to manage all interactions with reinsurance partners
  • Bordereau report generation
  • Grouping mechanism to manage reinsurance partners
  • Limits for setting up reinsurance are tied to user security
  • Rules-based attachment criteria

Key Benefits

  • Transactions automatically flow through to the accounts of reinsurers for ceded and recovery reinsurance transactions as well as receivables and payables
  • Flexibility in assigning and validating conditions for treaty set-up
  • Ability to trace reinsurance calculations when unexpected results occur due to treaty set-up

The integrated Rules Engine allows you to load and maintain rates and business rules for all your standard and non-standard lines of business. The intuitive interface is easy to use; rates can be copied from Microsoft Excel, allowing business users to effectively manage rates without programming intervention.

The Rules Engine also enables straight through processing of policies you define as standard - based on various parameters or user inputs – and tells the system to ensure that all unusual risks are analyzed. To ensure consistency and improve compliance you can systematically make complex decisions inside the Rule Engine module.

Imagine having a top-down, complete view of every client portfolio. ISI Enterprise Policy Administration makes this a reality by providing users a client-centric interface in order to manage the full policy administration lifecycle.

ISI takes a broader view of what Policy Administration means to insurers, and thus leverages the fully-integrated nature of the ISI Enterprise solution to incorporate claims, risk control, reinsurance, billing and financial information into Policy Administration workflows.

Key Features

  • Automated quote and policy life cycles
  • Full transactional versioning
  • Out-of-sequence transactions
  • Central repository for client communication and documentation
  • Flexible, configurable hierarchal policy structure
  • Policy levels provide attachment points for associating rating rules, documents and underwriting data elements
  • Expandable areas for gathering risk details
  • Automated and manual renewal features
  • Two-tiered transaction locking
  • Unique user interface to facilitate multi-tasking
  • Bulk import feature for large policies

Key Benefits

  • Empowers users by providing integrated client information and at their fingertips
  • Rules-based underwriting system increases efficiency
  • User-friendly interface that support multi-tasking for optimal productivity

One of the most common reasons insurers seek to replace their policy administration systems today is the inability to roll-out new products and make ongoing changes quickly to respond to market demands. 

Configuration Studio allows insurers to implement company-specific requirements for products, claims, billing, accounting and workflow without having to involve programmers or modify source code. Configuration Studio includes a robust rules engine which facilitates the implementation of rates and business rules throughout the core modules in ISI Enterprise.

Key Features

  • Product configuration tools to define and manage product definitions based on flexible package or monoline structures
  • Productivity tools which streamline the configuration process including copy functions, Excel bulk import and pre-configured templates which can be leveraged to reduce time-to-market
  • Full version management for all configuration elements based on dates for new business and renewal
  • Screen configuration tools which enable expansion of the base data model
  • Robust document configuration tools to produce and manage declaration pages, forms, letters, invoices and other communications
  • Integrated ETL tool to facilitate data exchange with 3rd party systems and services

Key Benefits

  • Perform initial implementation and ongoing maintenance changes without modifying source code, minimizing risk and costs
  • All company-specific configurations are table driven and forward-compatible as new system versions are released
  • Insurers have the option of becoming self-suffcient in configuration without having to rely on vendor support for ongoing changes

The Claims module contains a breadth of functionality for all major claims functions. The module contains tight integration with the Policy and Reinsurance modules providing the user with point-in-time coverage verification based on the reported date or date of loss and incorporates Client, Policy and Treaty data directly into the Claim. User authority dictates what functions can be performed and enforces user authority limits throughout the process via the integrated rules engine and manages approvals, tasks and diaries through the integrated activity/workflow module.

Key Features

  • Comprehensive process for managing the claims workflow
  • Manage reserves, process payments, salvage and subrogation recoveries
  • Multiple claimants and loss types on a single claim
  • Multiple examiners assigned to a claim
  • Point-in-time policy coverage verification
  • Full integration with Policy Administration and Reinsurance
  • Automatic generation of claims documents
  • User access security and claims authority limits
  • Automatic adjuster notification
  • Automated approval process based on user authority limits
  • Claims associated to catastrophic events
  • Attach notes, link documents and involved parties to a claim
  • Assign tasks and manage diaries from with a claim
  • Transaction summaries at claim, claimant and coverage levels

Key Benefits

  • Maximized productivity for day-to-day claims processing
  • Streamlined and automated processes for critical claims handling
  • Reduced costs and improved efficiency in a paperless environment
  • Controlled user access and authority limits
  • Efficient rules-based approval processes
Go to top