OPEN CO PLUS - GENERAL INSURANCE

OPEN BOX PLUS - FEATURE SUMMARY

Open Co Plus is the insurance underwriting and administration system for commercial and direct insurers and reinsurers.

The speed of business change and the resulting demand on today’s IT systems means that your critical business systems must be highly agile, enabling you to adapt quickly to changing business demands. To help our clients deal with these issues we have combined comprehensive insurance functionality with the latest Business Process Management technologies to create Open Co Plus.

Open Co Plus supports the full lifecycle of the insurance business process from new business acquisition; policy document generation; risk monitoring and administration; accounting; claims management; reinsurance; management information and renewal processing, enabling our customers to manage all aspect of their insurance and reinsurance activities.

Key Features

• Management control of underwriting teams and multiple location operations
• Fast and easy product definition reduces time to market, improving business flexibility and competitive position
• A quick-start path for start-up operations
• Inward and outward credit control with automatic accounting for accruals offering timely management information for more informed decision making
• Multiple section, layer, programme and package policies administration and binding authorities and lineslip recording allows reporting that fits the business, without software-based constraints
• Sophisticated onshore/offshore aggregation and exposure monitoring provides the ability to quickly and easily create, administer and integrate a global view of risk and reward opportunities
• Designed for one year and GAAP accounting
• Seamless integration with document management, business intelligence and other 3rd party business tools to maximise the value of data held by your organisation
• Deployable via the web for faster implementation from a central point, remote access for flexible working, centralised administration for improved user support and more efficient management control
• Integrated diary/workflow module enables workflow management, increased efficiency and performance, and reduced costs
• On line reporting offers up to the minute management information, supporting ‘drill’ and ‘hot-key’ links to underlying data giving easy and quick cascading detailed analysis,allowing better informed management decisions
• Open Co Plus’s “Front Office” trading capabilities allows you to achieve distribution efficiencies and realise cost savings

The following sections provide a brief introduction to the functionality available in Open Co Pus. The software supports multi currency, multi company operations as standard and provides multi language support, as required.