INGENIUM®, is a high-performance, Web services-enabled policy administration system that scales to high-volume environments, providing robust, full-function processing for an extensive range of life and investment products. Through its powerful PathFinder browser interface, INGENIUM enables dynamic business activity monitoring, providing real opportunities for business process improvement and rapid return on investment (ROI). Integration with ProductXpress allows IT to rapidly define and implement new products using table-based design and calculation configuration. INGENIUM integrates seamlessly with standard third-party solutions including customer service Web portals and other mid and front office tools. INGENIUM's extensible real-time availability provides accessibility to all distribution and customer service channels, even while your daily batch processing is running.

Requiring nothing more than a browser, INGENIUM provides easy access for distributors, customers and business partners. INGENIUM's PathFinder architecture supports the definition of tailored business processes and user interaction to suit any user or business scenario. With this ability to define an intuitive, friendly interface for all users, INGENIUM provides tremendous flexibility for the way companies do business.

INGENIUM™ is the leading administration system for life insurance and wealth management products.

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"The system boasts top-notch scalability matched by few competitors."

Celent Communications

IDIT™ is a suite of comprehensive, component based insurance software solutions for the general insurance (P&C) market - both personal & commercial insurance. IDIT™ addresses the specific needs of general insurance for traditional insurance, direct insurance, bancassurance and brokers markets.

IDIT™ system supports all personal and commercial lines of business including fleets as well as a variety of health, medical and term-life insurance products through the dynamic, parametric product and coverage manager. It is the leading enterprise application software for the Direct Insurance industry integrating sales, service, policy administration, claims processing, collection, back office and business intelligence modules.

IDIT™ is comprised of modular software components which can be customized to match specific legacy systems and insurance business requirements, while providing pre-configured functionality.

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Inalyst: Insurance Need Analyst Inalyst analyses the profile and insurance needs of the prospect and recommends life and non life insurance policies including indicative sum insured, premium and policy term. It is highly parameterised to allow for changes in the logic of recommending policies, adapting to new products and changes in insurance environments.

With an HTML front-end and an Oracle back-end, it can be hosted on a central server and deployed over the web. It handles large volumes of data and concurrent transaction entries from different locations

PAS: Proposal Administration System PAS handles insurance proposals for agents/ brokers working with multiple insurance companies.It supports various types of proposals - personal and commercial; term endowment and annuity; motor, travel, fire/property and marine.It handles premium receipts from clients, payments of commission and expenses, other insurance accounting and interfacing with a General Ledger.

It is integrated with Inalyst, but can also be deployed independently. With an HTML front-end and an Oracle back-end, it can be hosted on a central server and deployed over the web. It handles large volumes of data and concurrent transaction entries from different locations.

INSBANK-Bancassurance Package With the emergence of banks as one stop shop for all financial needs of their customers-banking, investments and insurance-banks are seeking to provide their customers with a unified view of their relationship with the bank. This in turn calls for banks to work closely with insurers to keep bank customers updated about their insurance policies, say over bank portal.

InsBank is the IT backbone for banks and corporate agents in their operation and interfacing with insurers.

CANVASS-Benefit Illustration System Canvass is an Illustration solution which is highly customizable, allowing companies to define their formulas and rates, input and output variables with no programming. The solution uses ProductXpress as its calculation Engine. Canvass has a web enabled front end and can be deployed on website.

Canvass supports traditional as well as unit linked calculations, multiple riders and top ups. Canvass is capable of calculating multiple configurable interest rates and other components including premiums, death benefits, charges, cash values, annuity values. It contains flexible output configuration and can provide output results in HTML and PDF formats.

Canvass has a presentation layer based on HTML/JSP. The presentation layer allows the user to enter product details like payment term, funds. The Integration layer acts as a bridge between the presentation layer and the PX calculator enabling communication between the two layers either through TCP/IP or SOAP messages. The PX calculation request is serviced by PX. This has a model-driven product design suite that provides the ability to rapidly define new product characteristics.

Channel Incentive Management IBEXI‟s Channel Incentive Management System provides a highly effective, rule-based solution to manage slew of incentives for different channels like tied agency, corporate agency, bancassurance. CIMS not only manage these incentives developed by channel management professionals for different channels but also across different hierarchies and processes within each channel through continuous tracking of sales performance.

CIMS configures aggregation rules and incentive calculation rules in rules engine like Visual Rules, ProductXpress, Cordys and even SQL based language. Schemes can be set up for different period viz. annual, quarterly, monthly and even on-off campaigns. CIMS provides easy to use web based interface which runs on any standard browser. CIMS can be integrated with any core administration system to allow importing of agent hierarchy, policy and commission data.

CIMS provides a complete incentives management system which assures speedy ‘Time to market’ for schemes, Cost effectiveness and ideal for large scale deployment.

Collection System Ibexi’s Receipting and Collections System manage the entire process from receipt of filled proposal form with instrument till data to be fed into the core policy administration system after realization. It helps an insurance company to issue receipts for the payments received, reconcile payment with the bank and entry of realized policies/proposals in core administration system.

The system can handle collections through various instruments i.e. Cheque, Cash and DD. User will be able to do reconciliation through auto matching as well as manual matching between the bank book i.e. records send to the bank for clearance and the bank statement i.e. file sent by bank containing the status as Credit/dishonor. RCS supports online as well as offline versions i.e. remote offline branches can also have a system in place for collections. The system can be hosted on a centralized server for online branches and on a local server for off-line branches.

RCS has three-tier Web architecture with JSP and AJAX as the front-end, Java Beans, Servlets, Hibernate for the middle-layer and Oracle/DB2 and SQL as the backend database.

Other than the main functionalities, RCS also provides Bounced cheque processing, late bounce exception handling and pushes only cleared and realized proposals/policies.

Insurance Dashboard Ibexi’s Insurance dashboard solution provides role based action oriented information to executives across the enterprise. The solution is the result of Ibexi’s expertise in the insurance domain and Business Intelligence. The solution covers multiple departments in an insurance company namely, sales, operations, underwriting etc. It presents information in the form of Key Performance Indicators (KPIs) and comes with pre-built standard KPI’s for Life and General Insurance companies. These can be customized or extended to include the customers distinct KPI. Ibexi’s dashboard tool adds an attractive visual experience to the information provided. These attractive visual displays in the form of bar charts, line charts, pies, traffic lights etc. communicate complex information quickly and help in effective decision making.

Ibexi’s insurance dashboard proves to be a complete BI solution answering the challenge of keeping track of KPIs for different roles in an insurance company and at the same time being cost effective for wide enterprise deployment.

Insurance Portal Framework Insurance companies are now reaching out directly to their customers and partners using portals as new channels afforded by the spread of the internet, integrated technologies and the increased band-width available. Ibexi has developed a framework for a quick turnaround of a portal solution for the Insurance industry.