MIP Personal Finance is an end-to-end solution that manages all aspects of the complete administration life cycles within the Individual Life Insurance, Group Life Insurance, Wealth Management and Motor Vehicle Warranty & Maintenance spaces, whilst adapting resourcefully to market and regulatory changes.
Our streamlined policy processing is achieved through reduced paper, workflow management and shorter processing times for new business and changes.
There is no need for CRM (Customer Relationship Management) to access multiple systems to find the required information. Instead, all related information is logically grouped for quick review so that one can move easily from one area to another, simply by clicking a button or selecting a link. As a result, the management of an insurer’s business is made both efficient and cost-effective.
By following user configurable business process definitions, the Personal Finance system automatically performs accurate activities for each type of policy at each stage of its lifecycle. Furthermore, the real-time processing of all transactions ensures that one will not have to wait overnight for batch cycles and time-consuming follow-ups.
In a saturated industry, you need to differentiate your products from your competitors and now this is economically feasible.
Flexible user-controlled product configuration is one of the key features that set Personal Finance system apart from most policy administration systems available today. With traditional systems, even the small changes needed to keep product lines current can take months to make. Within the Personal Finance system, all product information is stored as data so product changes do not have to be coded. This is our way of ensuring that new product introduction results in a much faster time-to- market with minimal, if any, programming changes and no system downtime.
You will benefit from our business experts who are empowered to implement system changes with ease so that you will achieve new levels of responsiveness.
Sales Channels/Distribution Management
If you wish to see a demo of the above features, please click on the button below and submit your contact details and we will contact you within 24 hours to set up a “face to face” demo with your relevant stakeholders.
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