The General Insurance industry is in a state of flux. New channels of distribution are opening up – banks, the Internet etc – which are adding to the competitive pressure. Newer modes of transactions are evolving requiring a re-definition of the roles played by different entities in the General Insurance business flow. Exposures are becoming increasingly complex and difficult to track. The business environment has become convincingly electronic and most of the traditional systems with their focus on automating specific portions of business are proving to be highly inadequate.

General Insurance System (GIS) addresses the needs of insurance companies that offer services in respect of Fire, Marine, Motor and Casualty lines of business. It is a state of the art system that incorporates the best features of 3-Tier architecture with Internet and web technologies. Virtually every Insurer is faced with a mandate to provide best of breed Information Technology solution to meet the growing sophistication of the Business processes. GIS, with its integrated and analytical approach is intended to fulfill this very mandate

Instead of requiring the Insurers to implement disparate and disjoint systems for claims, accounting, underwriting etc, GIS contains all the functionality required for a sophisticated General Insurance Operation. It is designed as a ‘one-stop’ solution for General Insurers.

GIS provides full support for General Insurance operation covering the areas of Fire, Motor, Marine and Casualty.

Multi-Company, Multi-Currency support capability

Supports Categorisation of the products into various Main and Subclasses. The products may also be bundled into ‘packages’ – For instance, a product offering a mix of casualty and fire classes can be ‘packaged’ together.

Full integration among various modules. Cover notes can be converted to Policies, Policies into Endorsements etc by very simple pick and choose operations.

Full integration between Underwriting and Claims modules