Hansa Solutions
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Insurance Solution
 
 
 
Insurance Solution
 
The name ‘HANSA’ has been branded as pioneering solutions company in Insurance industry with 90% market capture.
 
One Solution
Changing dimensions of business needs and complexity in integration of umpteen systems at different levels of system maturity and platforms driven us to think on one solution.

It is this and it is this... Insurance One.

The system is designed with a highly dedicated team that has expertise on Insurance Solutions and having complete understanding on the user need.

“Insurance One” is one solution for entire Life Insurance Process. Underwriting, Claims, New Business, Policy Servicing (Surrenders, Part Surrenders, Revivals/Reinstatements, Mode Change, etc., 32 Processes) and many more modules are inherent in Insurance One. For implementation, these modules can be chosen independently or as complete Suit.

The Company’s technology vision is to focus on convergence of all insurance channels, processes and entities in a manner such that data can seamlessly flow from one system to another.
 
Insurance One is not an integrated system. It is one complete system for entire Life Insurance Process with inherent features.
Arrow Built-in configurable Workflow
Arrow Built-in Document Management
Arrow Inherent Robust Rule-Engine
Arrow End to End solution
Arrow Fully automated at real time
Arrow Free from nightly batch runs
Arrow Fastest and Robust
 
Actuarial Configuration as Key Setup
Actuarial Configuration as Key setup
Insurance One starts with Actuarial Product development where in the complete process is dedicated to configure the product and define all Underwriting, Policy Maintenance and Claim Rules that are derived from Reinsurance Treaty, Business Rules and Product Pricing.
One setup of Product for all processes
 
Direct configuration of Treaty per product
Centralized control of Product configuration with Treaty Rules, Underwriting Rules, Claim Rules and Administrative Rules
 
 
Start with Instant Policy
Start with Instant Policy
Instantaneously customer will get the policy online for simple Underwriting category of insurance.
Create Quote and Process Questionnaire
Issue Policies Online
Payments and Appropriation Online
 
 
Claims Process is Robust and faster
Claims Process is Robust and faster
Claims module is a complete suite and simple to adopt. All the rules and computations that are configured by Actuarial setup avoid duplication of activities at claims process level.
All types of Claims supported
Easy Integration with Investigation Team
Quick disposal of Claims
Claim approval is claim paid to claimant
Claim settlement and reconciliation with Reinsurers is fully automated
Complete tracking till dispatch and Receipt of Claim amounts by claimants
Legal Issue Tracker
 
 
Everything is under one Roof
Everything in one Roof
Insurance One has every process that requires automation and dependency on external systems. It is all in one processes. It is a Complete System.
Actuarial --- Product Development, Product Setup, Reinsurance Treaty Setup, Underwriting Rules, Claim Rules and Valuation setup.
Finance --- All financial transactions and investments
Underwriting --- Complete Underwriting (Auto/Facultative) and simple Underwriting, Quote, Instant Policy, Policy Creation, Deposit Adjustments, Policy Bonds creation and dispatch, TPA integration
Claims --- Complete Automation
Marketing --- Licensing, Channel Management, Quote Management, Competitions and Training
IT --- Project Management, Procurement, Contracts and Maintenance
HR --- Resource Procurement, Management, Training, Corporate Policies, Appraisal and Settlements
Policy Administration --- AFMs, RFMs, Invoicing, Appropriation, Notices.
 
 
Underwriting is now easy with in-built Rule Engine
Underwriting is now easy with in-built Rule Engine
Underwriting rules are configured at Actuarial Process with all Treaty Rules, Product Rules and Business guidelines. Medical, Financial and Other aspects of Underwiritng are exhaustively setup.
Complete Medical Underwriting, EMR Rating
TPA integration
Medical Billing Management
Policy conversion happens immediately after Underwriting Decision
Auto adjustment of Proposal Deposits
Facultative Business integration with Reinsurers
Exhaustive Rating Sheet
 
 
Policy Administration is fully automated
Policy Administration is fully automated
It means, no nightly batches and no chaos at month end activities.

A new technology is invented that completely eliminates nightly batches and does all the activities instantly.
Complete automation of AFMs
Derived from New JET Technology
Zero down time
Saves more space, time, effort and cost
No expertise required to administer
Faster and efficient
 
 
Finance Process is an inherent feature
Finance Process is an inherent feature
Finance Process includes everything from cash collection to Balance Sheet, Costing Accounting and Investments.

This whole process is a part of inherent activity with all other processes.
Premium Collection
Claim Disbursements
Instant Premium Appropriation
Proposal Deposit Appropriation and Management
Organize Chart of Accounts and T Codes
International Standards and Principles of Accounting
Cost Accounting and Cost Sheet
Investments and Fund Management
Shareholders Interest
Finance in Toto
 
 
 
Quotation & Pricing
Insurance One Quotation module ease you to register proposal by providing Online and Offline Quotation facility, Quotation on mobile and many more value added services. Conducting a complete insurance transaction can be difficult due to the necessity of Underwriting, Sales, and whole network of employees to ensure the contract is up to company standards. For this reason, We developed a fully automated Quotation module and gives you one of the most efficient Quotation module to speed up and grow your business.
 
Important Features:
Arrow Quotation on Mobile (Android and Apple)
Arrow Benefit Illustration Demonstration
Arrow Offline and Online Quotation
Arrow Quotation to Proposal Conversion
Arrow Emails, SMS integration
Arrow Customer Profile Management
Arrow Workflow
Arrow Document Upload
Arrow Print Quotation
Arrow Quotation Management
 
New Business
With our New Business module, you can quickly create and roll out intelligently targeted, highly effective customer acquisition campaigns. It offers response rates that not only meet goals, but exceed them.

Hansa’s New Business software soothe the new business process by managing requests and assembling account details, fully automated Underwriting process and dynamically assessing the quality of the total risk.
 
Important Features:
Arrow Dual Data Entry
Arrow Admin Configurable Validations
Arrow Configurable Product Rules
Arrow Dynamic Check Lists
Arrow Configurable Letters/Letter Wizards
Arrow Dynamic Requirement Generation from Rules
Arrow Inherent Workflow
Arrow Inherent and Integrated Document Management Solution
Arrow Requirement Tracking
Arrow Dispatch Tracking
Arrow Proposal Deposit Appropriation
Arrow Refund Management
 
Policy Servicing
Policy Servicing is a technology invented to eliminates nightly batches completely and does all the activities instantly. It is a fully automated system. Policy Servicing consist of Surrenders, Part Surrenders, Revivals/Reinstatements, Mode Change, etc.
 
It gives services in following categories:
Cancellation from Inception Future Premium Allocation
Fund Switch Address Change
Alteration from Inception Name Change
Automatic Cover Maintenance Contact Details Change
Full Surrender Date of Birth Alteration
Part Surrender PAN Card Update
Payment Mode Change Discontinuance
Nominee Change Survival Benefits
Vesting Maturity Benefits
Death of Policy Owner Stop Payment & Reissuance
SA/Premium Decrease/Increase Lump-sum Injection
Rider Addition/Deletion Adjustment of LSI
Policy Document Error Assignment
Personal Details Alterations Duplicate Policy Issuance
Loan Inherent Workflow
Termination Document System
Revival Dynamic Check List
 
Important Features:
Arrow Complete automation of AFMs
Arrow Derived from New JET Technology
Arrow Zero down time
Arrow Saves more space, time, effort and cost
Arrow No expertise required to administer
Arrow Faster and efficient
 
Underwriting
Insurance One’s Individual Underwriting module is very comprehensive that renders Medical and Financial Underwriting. There are several features in this system including numerical rating method, financial eligibilities, reinsurance facultative shopping arrangements and requirement tracking.

Insurance One’s Individual Underwriting module has inbuilt workflow, rule engines, document management core Underwriting engine. The workflow is having business intelligence and comprises of multi-layer workflow and it is fully configurable.

Rule Engine is very robust, where users can configure all Underwriting rules and conditions.
 
It comprises of following modules:
JET Underwriting
Tele Underwriting
Financial and Medical Underwriting
 
Important Features:
Arrow Complete Medical Underwriting, EMR rating
Arrow TPA integration
Arrow Medical Billing Management
Arrow Auto adjustment of Proposal Deposits
Arrow Facultative Business integration with Reinsurers
Arrow Exhaustive Rating Sheet
 
Claims
Claims Process is one of the most Robust and faster system.
 
All the rules and computations are configured by Actuarial setup to avoid duplication of activities at claims process level.
 
Claims Module is very exhaustive and complete module for efficient performance. It comprises of all types of claims.
 
It has the following modules:
Maturity Claims
Death Claims
Health Claims
PWB Claims
Survival Benefit Claims
Annuity Claims
 
Important Features:
Arrow Death, Maturity, Survival, Health and Annuity Claim Processing
Arrow Robust Admin driven Rule Engines
Arrow Inherent Claim Accounting
Arrow Inherent Reinsurance Solution Claim Accounting
Arrow Claim Underwriting
Arrow Claim Accounting , Settlement/Disbursement
Arrow Integration with Finance System
Arrow Inherent Workflow
Arrow Inherent Document Management
Arrow Auto Reminder and Follow up
Arrow Mail Approval
Arrow Claims Tracking
Arrow Claim Disbursement Tracking
Arrow TPA Billing, Accounting and Tracking
Arrow Easy Integration with investigation team
Arrow Quick disposal of claims
Arrow Claim approval is claim paid to claimant
Arrow Claim settlement and reconciliation with Reinsurers is fully automated
Arrow Complete tracking till dispatch and receipt of claim amounts by claimants
Arrow Legal issue Tracker
 
Channel Management
Important Features:
Arrow Quotations
Arrow Commissions
Arrow Business Management
Arrow Prospective Customers
Arrow Competitions and Targets
 
Policy Administration System
Important Features:
Arrow Policy Creation
Arrow Automatic File Maintenance
Arrow Policy Accounting
Arrow Fund Maintenance
Arrow Bonus Accounting
Arrow Premium Notices
Arrow Policy Bond Printing
Arrow Insurance Accounting
Arrow Product Setup
Arrow Valuation
 
Policy Accounting
Important Features:
Arrow Double Entry System
Arrow Proposal Deposit Appropriation
Arrow Renewal Premium Appropriation
Arrow Commissions Appropriation
Arrow Claims Appropriation
Arrow Surrenders etc Appropriation
Arrow Funds & Bonus Appropriation
Arrow Reinsurance Premium, Claims & Chargeback Appropriation
Arrow T-Codes, Chart of Accounts