TurnQuest Life Insurance


Robust core systems that will enable life insurers adapt product portfolios and business processes to take advantage of growth opportunities while increasing enterprise agility to better respond to market and regulatory pressures.

The TurnQuest Life Insurance suite caters to various areas of the life insurance business through the following products:

Individual Life

Delivers comprehensive support for term life, whole life, endowment, loans and savings, permanent and short-term disability and various types of health covers including catastrophic illness, accident, and student plans.

Group Life

Adopts a 3-tier approach to the unique needs of group insurance business processing by delivering the flexibility to develop defined books of business, associations, or major employer units within which clients, groups, internal divisions or small

Unit Linked Life Insurance

Helps in administer the holdings of your unit-linked (life insurance and retirement savings) products efficiently and from a single interface.

Pension (Group & Individual)

TurnQuest Life Pensions is designed to help insurers to deal with the complex set of rules and regulations which govern the pension business. It covers all the main types of pension arrangements including; defined contribution schemes, defined benefit

The TurnQuest LMS system is comprised of several tightly integrated modules:

Core Module

Core module is the parameter definition module used to define all the business rules and static information that the system need to enforce and perform the day to day processes.

Quotations Module

Provides the user with the capability to give New Quotations, Revisions and Authorizations for any or multiple products.

Underwriting Module

Manage New Business, Endorsements (Revisions, Extensions, Declarations, Cancellations, Lapsations, Reinstatements

Reinsurance Module

Manage Setups, Portfolio Management, Risk Profiles, Pool Management, Minimum Deposit Premium (MDP) Payments, Reinstatement, Quarterly Accounts and Accumulations

Claims Module

Claim Registration, Revisions, Payments, Recoveries, Reinsurance Processing, XOL Reinsurance Process, as well as the Legal Activities

Accounts Module

Covers Receipting, Payment requisitions, Allocations, Commission Management, Write-Ins & Write-Offs, GL Account Mapping, UPR (Unearned Premium) and Incurred But Not Reported (IBNR) processing

Key Features

Integrated and Scalable end-to-end solutions

Pre-built templates for faster product development

Multicurrency functionality to comply with local requirements

Proposal Forms management: Requisition, Allocation and Submission

Full traceability of data with comprehensive audit trail

Real-time access to policy information

Release management tool for visibility and controls

Multiple quotation scenarios

Key Benefits

Achieve Sustainable Growth and Profitability

TurnQuest LMS integrated end-to-end solution helps insurers achieve the level of efficiency critical to achieving scalability that leads to growth and supporting informed decision-making. TurnQuest LMS also provides greater visibility into business performance facilitate increased operations efficiency.

Accelerated Speed-to-Marketing

TurnQuest LMS’s supports rapid product innovation and deployment within short timescales helping reduce development costs for new products and maximizing product development to take advantage of opportunities and satisfying the needs of an increasingly savvy customer.

Enhanced Customer Service

TurnQuest LMS provides insurers a 360-degree client and agent portfolio view through consolidated data aggregated from various touch points. TurnQuest LMS’s all-in-one solution with self-service tools helps streamline user experiences through the delivery of compelling user journeys and engagement.

Rapidly Comply with Regulatory Changes

TurnQuest LMS helps insurers effectively manage their regulatory requirements by automating regulatory compliance processes and workflows. Its in-built flexibility and native localizations help streamline business processes required to meet regulatory standards.

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