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:
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.
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
Helps in administer the holdings of your unit-linked (life insurance and retirement savings) products efficiently and from a single interface.
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 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.
Provides the user with the capability to give New Quotations, Revisions and Authorizations for any or multiple products.
Manage New Business, Endorsements (Revisions, Extensions, Declarations, Cancellations, Lapsations, Reinstatements
Manage Setups, Portfolio Management, Risk Profiles, Pool Management, Minimum Deposit Premium (MDP) Payments, Reinstatement, Quarterly Accounts and Accumulations
Claim Registration, Revisions, Payments, Recoveries, Reinsurance Processing, XOL Reinsurance Process, as well as the Legal Activities
Covers Receipting, Payment requisitions, Allocations, Commission Management, Write-Ins & Write-Offs, GL Account Mapping, UPR (Unearned Premium) and Incurred But Not Reported (IBNR) processing
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
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.
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.
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.
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.
