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Credit Protection

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The architecture is a dynamic and flexible set of components for managing the full life cycle of line of business Insurance Credit Protection. It has a product design tool powerful and intuition that allows its users to design, and even the most complex plans without any kind of programming products. CPIA includes full configuration and business rules to provide integrated workflow subscription capabilities, and the ability for the user to create and maintain data structures, presentation of the life cycle, behavior and processes of the entire line business without further intervention of the IT department.

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CPIA has a product design tool powerful and intuition that allows its users to design, and even the most complex plans without any kind of programming products. CPIA includes full configuration and business rules to provide integrated workflow subscription capabilities, and the ability for the user to create and maintain data structures, presentation of the life cycle, behavior and processes of the entire line business without further intervention of the IT department.

Protection Plans and Coverage:

Policy Administration

New Business

  • Premium Rate Engine

  • Validation against premiums calculated by partners or sales channels.

  • Subscription.

  • Inclusion of new business with end-user interaction.

  • Inclusion of new business through automated processes and integration information for partners / channels.

  • Commissions and fees to sales channels and partners.

  • Regular premiums.

  • Premium Payment Plans and Financing.

Service Policies

  • Turnover regular premiums.

  • Endorsements and changes.

  • Renewals.

  • Cancellation.

  • Refund.

  • Management plans and different combinations / combos.

  • Managing different types of coverage under the same product, such as:

  • Life

  • Accidental death

  • Inability

  • Dismemberment

  • Unemployment

  • Multicurrency

  • Administration of different ways to pay for the same product.

  • Document Management Policy.

Agent Administration

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Client and Third Parties Administration

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Sales Channel Administration, Partners, and Commissions

Processing

  • Maximum amount of benefit payments per claim.

  • Validation of prior losses.

  • Rejections.

  • Period of re-eligibility.

  • Timeout periods.

  • Requirements.

Claim Payment Validation

  • Experts

  • Benefit payment

  • Monitoring Approvals.

  • Control of non-payment of benefits for other items such as:

  • Attorneys

  • Workshops

  • Medical services

  • Etc.

Customer Service

Policy

  • Contractual information

  • Insured Information

  • Endorsements

  • Cancellations

  • Renewals

  • Resets

  • Policy History

  • Related Polizas

Claim

  • Opening / Reserve

  • Opinion

  • Payment of Claims

  • Closure

  • Rejection

  • Reopening

  • Totalization

  • Requirements

  • Related claims

  • Record

Other Processes

  • Automatic generation of accounting entries.

  • Collections and payments

  • Accounts receivable and payable

  • Complete auditability

  • Processing Billing and Collections

  • Coinsurance and Reinsurance

  • Management information and reporting

  • Defining Business Network and calculate commission

  • Document generation (Open Office, Documaker)

  • Task Scheduler

Technological Advantages

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CPIA is a native Web application that manages and services over the Internet. It was developed in Java for standard J2EE environment. The integration is based on SOA to facilitate interaction between any environment or IT environment, taking into account the records or information received or import and file transfers batch from sales channels and services or partners, so that synchronization is performed in real time. The aplcacion is enabled to operate in Cloud.

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