iPams™ is an insurance policy administration system helping you streamline your relationship with the policy holder. It covers the entire cycle of policy management from prospecting to underwriting to premium collection to claims and to exit.
Built-in document management system, broker management system and general ledger system make iPams™ unique in its class. iPams™ is a browser based application promising ease of installation and maintenance.
It offers true straight-thru processing capabilities enabling organisations cut down human intervention and deal with volume business in less time.
It offers true straight-thru processing capabilities enabling organisations cut down human intervention and deal with volume business in less time.
Product Creation:
iPams™ makes product creation and management simple. With its standard controls, companies can build and launch new products by choosing from a wide array of available options (rules).
Claim Management:
The Claims module is used to register and administer all claims against a policy, regardless of their type.
A workflow system manages the process, making sure that claims are handled with utmost efficiency.
his module also helps in fraud management, benefits payment and premium collections.
Premium Collection:
iPams™ supports all major premium collection methods, including; direct debit, standing order, payroll, cash, cheque and credit cards.
Additionally, automatic premium collection, posting and re-conciliation are the features that make
Customer Management:
The customer management module makes it convenient to manage user accounts in a real-time environment.
It maintains personal details, employment and income details, marketing communication preferences, bank account details, assignees, nominees, trustees and power of attorney. All changes are audited.
Correspondence with Compliance:
The module centralises the entire correspondence repository and is linked with the Compliance module.
It then approves and monitors the contents of all correspondence.
For Multitude of Products:
iPams™ is compatible with a multitude of products such as:
- Tax-free saving plans
- Healthcare for Expats
- Income Protection
- Cash Plan
- Travel Cover
- Accident Protection
- Bespoke Product Creation and Management
Partner Management and Commission Payouts:
iPams™ provides an integrated module to create and manage collaboration with external partners, including IFAs and Re-assurors.
Broker – iPams™ has a management section which takes care of the day to day Broker administration. A full portfolio is maintained, keeping track of business and financial information.
Reassurance – iPams™ maintains a database of registered and preferred re-assurors. Each company is evaluated and appropriate scoring is attached.
If you need more information, please contact us on +44 0116 2755 680 or send an email to sales@itsec.co.uk
