As an insurance company, you take good care of your insured’s, handle their policy rating, premium billing and claims effectively. If you are an insurance service provider, you do similarly good work for your client companies.
Your Information Systems Department provides valuable service throughout the company. You are making money and your investors are happy.
But often, “GREAT” just isn’t enough.
You are constantly on the move, looking to leap ahead and stay ahead of your competitors, through better service, through more complete, accurate and timely data, through more efficient use of your limited resources.
The insurance services and solutions of EDGESYS helps you take that leap…
Edgesys has Products that cater to all aspects of the insurance industry. Our services consist of the following
ODIS:
On Demand Insurance System (ODIS) is a comprehensive insurance solution that combines an extremely advanced process of development, implementation, and process of online access to insurance system.
ODIS delivers an integrated portfolio of Insurance solutions and packages that encompass all aspects of a robust system but without the cost and time constraints associated with pricing, implementation and maintenance of the system.
DMV Reporting
Many states have mandatory DMV reporting requirements for both Personal and Commercial Lines. Insurance companies must have reporting capabilities in order to comply with state DMV departments. We responded to this need by building DMV Reporting. We developed two products:
1) An Insurance System-to-IVANS interface that leverages IVANS reporting capabilities and
2) The “APACHE/EDI” reporting system that “does-it-all”. The system reports all transactions required by the individual states including Non-Renewals and No Activity reporting.
General Ledger Interface
Our General Ledger interface creates Journal Transaction entries from primary insurance systems for several major General Ledger packages. We successfully interfaced Peoplesoft, Great Plains, Solomon, and Freedom. We recently added a feature to selectively back-out entries made via the automated interface. Our interface is flexible and multi platform compatible.
Price Monitor
Price Monitor is used by carriers and MGAs to monitor pricing of individual accounts and individual insurance products. We have developed Price Monitors for a number of Professional Liability products and Commercial Multi-peril Packages.
The Price Monitor runs on a PC, which allows our product to be quickly installed, regardless of what platform a company’s core system resides on.
Web-Based Comparative Rating Engine
We built a web-based solution to purchase travel and health products. We took the rates of seven carriers, matched the coverage and rating algorithms.
The system currently contains over thirty-five separate plans covering travelers from the United States, Canada, and international travelers.
The system was built using Microsoft tools: SQL Server, ASP, HTML, and JavaScript. Additionally, interfaces to carriers were built with XML.
Actuarial Reporting System
We developed an Actuarial Reporting System to assist Actuarial Departments with analysis of profitability of accounts, pricing and reserving.
Agency Interfaces
Using specialized translation software and custom data validation programs, we are able to load program business data into the carrier’s systems and eliminate redundancies.
Billing Interfaces
Our interface feeds premium registrations and subsequent endorsement activity into billing systems such as Maximsoft.
Claims Interface Product:
Many companies rely on use of external TPAs (Third Party Administrators) to administer claims. For such companies, we designed and implemented claims interfaces to translate TPA claim information into company systems.