Premia™ Astra Core Insurance Solution

Premia™ Astra, the complete Insurance Management Suite, delivers best-in-class solutions across multiple Insurance verticals. With strong domain capabilities in Life, General, Health, Group Life and Islamic Insurance, the solution offers powerful and flexible product configuration, enabling businesses to launch new products with rapid go-to-market tools. Premia™ Astra helps insurance firms innovate and capitalize on the new digital ecosystem.

Premia™ Astra Core Solutions

Premia” Astra helps insurers to be more data driven by optimizing investments in digital capabilities that support scalability, enable easy customizations, build differentiated customer value and build robust back-office processes.

E-Portal

An end-to-end, multi-lingual web portal helps insurance companies improve customer service levels. An interactive and insurance-specific solution, it helps cut costs and increase sales capabilities with:

• Customer Portal: Personalizing information and self-service options
• Employee Portal: Online knowledge repository
• Partner Portal: Self-service portal for financial partners
• Intermediary Portal: Empowers agents and brokers by providing business boosting market information

General Insurance

This scalable, easy-to-use solution can be hosted in intranet/internet or deployed on cloud. It integrates with underwriting, claims and reinsurance processes, and come with:

• Multi-currency, multi-lingual support
• Risk upload facility to reduce data entry time for fleet and group policies
• Integrated Document Management system to manage workflow, automated SMS and emails

Life Insurance

Developed on the latest platform, Premia Astra dramatically cuts costs and time-to-market with effortless process automation and other capabilities:

• Integrated new business, policy administration, claims, and finance modules
• Comprehensive reinsurance management
• In-built workflow

Health Insurance

Premia Astra equips health insurers with innovative process automation to deliver long-term benefits to providers, end-user underwriters, TPA administration, claims processors, and to financial accounting:

• Caters to providers with different ratings and networks
• Dynamic rating engine
• Manages complex products with multiple numberplans and benefits

Pension

A comprehensive solution that covers group and individual pensions, provident funds and immediate/deferred annuities. It helps capitalize on new and existing customer relationships with:

• Support for multi-channel distribution, B2B & B2C, end-to-end sales and servicing processing
• Open and modern service-oriented architecture
• Multi-language and multi-currency support in single instance of system helps regional and global carriers comply with localization requirements

Takaful

An Islamic-specific insurance solution, that streamlines insurance operations according to the Shariah law. It is designed to support both the Mudharabah and Wakalah models of Islamic insurance:

• Powerful analytical tools
• Consolidated surplus or investment returns from different business types into a single participant account
• Streamlined interactions with participants (individual accounts, information on a participant’s cash value, distribution of underwriting surplus, etc.)

Business Intelligence and Insights

Develop business strategies and project futures with an intuitive interface that provides a complete real-time view across serval lines of business, time zones, and geographies:

• Class-leading BI features, information capabilities, security mechanisms and protocols
• Tools rich in insurance domain
• Analytics on-the-go with personalized mobile dashboard to access critical business information anywhere, anytime.

Insights

How Insurers can fast-track their business goals with digitalization?

What makes Premia™ Astra unique

• Flexible, scalable and easy-to-use
• Product configurator with tariff and formula that can be easily adapted to any business component, to set up complex premium ratings
• Integrated risk-analysis tools
• Supports Multi-channel distribution, B2B & B2C, end-to-end sales and servicing processing
• Allows for easy integration to external third party and/or proprietary systems
• Business intelligence via mobile dashboards

Business Advantage with Premia™ Astra

• Develop and swiftly launch new relevant products that help you compete better
• Improve consistency and productivity with intuitive and automated business processes
• Distinguish real opportunities with deep and insightful analytics
• Personalize experiences for customers with smart configurators
• Streamline the entire insurance life cycle with integrated modules
• Prevent frauds with robust audit capabilities
• Complete business view at all times, with integrated underwriting, claims, reinsurance, and finance modules
• Smarter business decision-making with advanced insurance analytics and reporting

Learn more: https://www.azentio.com/premia-astra/