Saturday, 9 April 2016

General Insurance Applications

The main application used in the operating office of the general insurance industry is the Front office System, The applications are written in any of the computer language and may differ between office to office among the insurance companies.
A well designed front office system of a general insurance company allows the insurers and agents to manage the day to day operations of the office. The main components of the Front Office System should include:

  • Policy management and underwriting
  • Coinsurance
  • Reinsurance 
  • Claims 
  • Management Information Services 
  • Statistics and Investments
  • Accounts 

These should enable the business transactions to become effective and efficient. The system should be easy to handle, should reduce office expenses and enable efficient customer services also. The system should be easy to handle the large and growing volume and variety of business of the insurance company.

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