ALIS Life Insurance Software Product
ALIS – A single platform package, based on software components that contain embedded insurance industry knowledge on group life insurance, individual life insurance, pensions and investment products, globally.
ALIS - FIS’ insurance software - enables insurers to manage and administer life insurance, pensions, investment and retirement annuity (superannuation) administration products, for individual and group clients.
ALIS incorporates, in single policy administration software, all activities along the insurance policy lifecycle - from marketing through underwriting, billing, servicing and changes, to claims and exit processing.
ALIS is a multi-company, multi-brand environment, eliminating the costs associated with multiple systems. ALIS is a "one-stop-shop" for policy administration and superannuation software providing every administration provider with solutions for accounting, investment and reporting requirements.
ALIS was specifically designed to match the territorial legislation and regulations and to meet the business challenges of today's dynamic insurance marketplace through:
- Fast release of new insurance products to the market
- Superior, internet-based, customer-centric service
- Reduction of operating costs
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ALIS modular software components contain embedded insurance knowledge that serves the key sub-verticals of the global insurance marketplace, while allowing customization to match specific business requirements and legacy system needs. These software components can be used independently or collectively, and are already helping insurance companies to cope with business process changes and quickly adapt to the marketplace’s complex challenges.
ALIS business rules engine includes reusable basic components, such as; insurance cover types, claim types, tax rules, commission types, role types, contributions etc. Insurance products are created, using these catalogs, through a unique set of parameters, each one representing a business rule, which can be determined by ALIS software users, subject to their authorizations.
ALIS integrated workflow management enhances efficiency and provides full control of entire workflow processes, task management and automatic letter generation. Insurance workflow procedures are fully user-defined and are either automatically or manually controlled. This includes diary and schedule management.
ALIS customer-centric insurance software allows all key stakeholders to have a single view of an account, including policy, billing and claims information. ALIS integrates customer and product information, thus transforming policy-centric to customer-centric processes and reducing process time drastically to offer the tailored solution that the customers want. ALIS was designed to be fast, flexible, easy to maintain and quick to integrate with legacy systems.
With almost 20 years experience in insurance software development, FIS has a continuing commitment and proven track record in this ever-changing insurance software industry