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LIAS Overview

One of the major challenges facing any growing organization is bringing all its diverse functions into perfect sync with each other. Too often, islands of information exist within an organization, which in turn, create bottlenecks between departments. Indeed, in the age of information, the need to channel data smoothly and thoroughly is integral to success. ERP (Enterprise Resource Planning) is a crucial stepping-stone to achieving that success in today’s business environment. An international standard for implementing high-quality business processes, it enables companies to integrate their driver functions into a lightly-knit whole. By connecting the various facts of modern-day business, ERP enables companies to grow by sharing information and resources.

LIAS is an ERP solution framework which offers solution for all critical business flows of a life insurance company.

Module & Functionality

Life Insurance Administration System includes all back-office and front-office functions necessary for everyday
operations of core general insurance business process as well as usual financial accounting, HR, Payroll, asset etc functions. It has a user friendly interface and offers cost effective and fast system implementation. The key modules and features of the software are given below:

Major Modules

· Underwriting
· Development Admin
· Policy Servicing
· Group and Health Insurance
· Policy Alteration
· Policy Laps & Surrender
· Commissioning
· Bonus Management
· Loan Management
· Actuarial Management
· Claim Management
· Re-Insurance
· Accounting Management
· Fixed Asset Management
· Board meeting
· Payroll
· FDR Management
· Fleet Management