Insurance solutions

IF FullCycle

Supporting your "end to end" operation. Consolidation of your core systems is key to simplifying and improving any business process. Grasping new opportunities, launching new products, improving service levels, adapting to new compliance regulations, and reducing operating costs are often inhibited by the capabilities of your current core systems.

IF FullCycle can help you overcome these challenges. It is a proven solution that supports the entire end to end requirements of your insurance operation.

Whether you have a compelling business or technical reason for change, IF FullCycle can help you meet your objectives. The solution supports sales, administration, claims and reinsurance, ensuring business benefits across multiple insurance sectors.

Solution Features & Benefits:

  • Commercial models to suit you

    We can design a flexible commercial model which will align with your business needs.

  • Speed to market

    Our solutions are designed to deliver agility and speed to market for your products and channels.

  • Configurable for your needs

    Our comprehensive suite of configurable business components will deliver full cycle capabilities for all lines of general insurance.

  • Scalable

    We have implementations of over 1.2 million policies in production, with over 1 million transactions per week.

  • Proven

    Our solution has proven capabilities for insurers with user communities from 20 to 4000 and supporting call centres with 2,500 users.

Highlights

  • Supports the entire end to end requirements of your insurance business
  • Designed to deliver agility for your business
  • Provides a customer centric view
  • Our solution is configurable for your businesses needs

FAQs

How knowledgeable are your staff regarding the insurance market?

Target harlosh has a strong history of recruiting insurance business experts directly from the insurance market.  Our key personnel have previously been employed as branch underwriters, city underwriters and claims handlers - responsible for all manner of insurance, reinsurance and coinsurance processes. 

Is InsuranceFaces a complete integrated solution?

IF FullCycle is a complete and fully integrated general insurance solution capable of handling full lifecycle business. It supports quick quotes, quotations, new business, midterm adjustments, renewal processing, complex claims management through to sophisticated payments and insurance accounting capabilities. InsuranceFaces fully supports personal, general and specialist lines of business from within a single product.

How quickly can you provide benefits to my business?

Speed of implementation, business agility and rapid delivery of business value are all hallmarks of the InsuranceFaces solution family. Our solutions are designed to reduce the level of IT involvement and empower the business users in implementing change.

How speedily can your solution help us react to market changes?

Our innovative product builder allows your designers to respond and even influence the market, as soon as the business provides you with their instructions.  Our product builder does not require any programming skills.  The trained designer can apply changes immediately.

What do we need to do to sell our products on the Internet?

Our product builder tool allows you to define different versions of the same product for different business channels - the Internet being just one.  All you need to do outside of the product builder tool is design your own style sheets - the solution does the rest.

Can products be maintained and set-up by the business users without recourse to the client’s internal IT department?

Our product builder has been specifically designed to be used by business users requiring little or no IT experience. Our clients have located the product build functions directly in the business and have trained business analysts and underwriters to undertake these tasks. The experience of our clients is that once business users have been trained there is little or no recourse for support from the internal IT department or to us.

What types of products can be built within your solution?

Our solution can be used to build a wide variety of private, commercial and specialist lines of business. It is especially effective at constructing highly sophisticated multi risk, multi cover, commercial combined style products. For example one of our clients has implemented a fully auto rating 40 cover class Commercial product as well as Commercial fleet products.

What channels does the InsuranceFaces solution family support?

The following channels are supported:

  • A direct sales force
  • Sales direct to head office through in house call centre
  • Internet based sales, including aggregators
  • Sales through a branch office
  • Affinity group business
  • Supporting business administration for risks underwritten by a third party insurer