LIRIS caters for the management of conventional life policies as well as for unit link policies for individuals or groups.
LIRIS is a fully developed system covering all life insurance company's operations including general ledger, accounts receivable, accounts payable and cost accounting, client’s administration, policy administration, claims reinsurance premiums commissions and management information reports.
LIRIS is available on Oracle multitier web platforms in premises or "On Cloud".
Main Functions
LIRIS is a complete and comprehensive application for the administration of Life Insurance.
LIRIS design principles:
- Integrated modules and calculations
- Central administration of Clients and Producers
- Clients
- Producers and Agents
- Flexible product development
- Products for all lines of business
- Complete On-line history:
- Policy
- Installments
- Payments
- Reinsurance
LIRIS nucleus module:
- Security
- General Codes and Parameters
- Policy, Client and Producer Administration
- Accounting
- General Ledger
- Reporting
- Document Management
LIRIS main modules:
- Nucleus
- Front Office
- Product Definition
- Product Management
- Premiums
- Commissions
- Loans
- Reinsurance
- Units Accounting
- Claims
General Features
- Secure
- Secured Access and Log-on
- Password complexity check
- Multilingual and Multi-Alphabet
- Customer centric
- Flexible, evolving and fully parameterized
- Customizable with dynamic workflow engine
- User friendly with automated capabilities
- Comprehensive with clearly defined functionality
- Interactive and Online real time
- Aligned to international and local standards
- Comprehensive information with 360° views
- Rich set of reports with drill down to details
- Open for BI tools for ad hoc reports
- Straight through processing
- Ease of integration through standard APIs
- Reusable components web and micro services
- Full audit trails logging all interactions and approvals
- State-of-the-art open platform
- Modern web multi-tiers technology
- High availability and proven scalability architecture
- Scalable, Centralized and Decentralized