PREMIUM(R)

The new Integrated Insurance System PREMIUM is designed for insurance organizations and companies, for all personal and commercial lines of Business. The new product covers the general insurance (non-life) sector, and it will shortly also cover Life and Health insurance.

In particular, PREMIUM currently covers the servicing of the following insurance sectors:

Car Insurance
Fire Insurance
Personal / Group Accidents Insurance
Agricultural Insurance

The system, apart from the above mentioned insurance services, also offers full functionality in the following areas:

Claims Processing (including Reinsurance)
Co -Insurance and Reinsurance
Collections- Payments of Claims/Partners Rewards
Statistics and Reporting

The design of the system is client-centric and multi-currency, with major characteristics the ability to cover different types of distribution networks and all operations for Policy Administration and Claims Management.

PREMIUM is fully compatible with any of the known financial applications/ERP systems, exchanging information using standard interfaces.

The system is developed with the use of Oracle tools (Designer, Developer and Reports) based on client server architecture, and will be soon converted in a fully web-based environment, allowing internet-based servicing and operational flexibility to users, partners and clients of insurance companies.