Introduction to the Life Insurance Business System With the WTO to cancel the foreign insurance company, more and more foreign insurance companies entered China, and more and more private capitals entered the insurance industry. One prerequisite for insurance companies is the improvement of IT systems. The following is a brief introduction to the IT system required for life insurance companies. A life insurance company generally requires the following IT systems: 1) Life Insurance Core Business System 2) Image Workflow System 3) Sales Information System 4) Custom Information System 5) Recommendation System 6) Telephone Center 7) Management Information System (MIS) 8) Financial System 9) Actuarithm 10) Electronic Transfer System 11) Investment Management System 12) Other following, the above systems are described one by one. 1. Life insurance core business system According to the different characteristics of the insurance, life insurance mainly includes the following categories: a) Life insurance B) Accident insurance C) Health insurance According to the insurance is personal or group, can be divided into the following two categories: a) insurance b) Survey, the pensioner core business system mainly has the following main functions: a) Product definition product definitions include the definition of product rate, cash value, payment cycle, insurance cycle, currency, etc. At the same time, it also includes the definition of mortality, product type, product responsibility, and restrictions, NFO, etc. b) The new contract (including underwriting printing) includes the entry of the insurance book, the entry of the insured, the first time premium entry, underwriting, printing, etc. c) Nuclear, warranty, is reviewed by the application, including the addition of more, and the a review of the claims. The approved, additional, except, deduction, refusal (refusal), etc. can be approved. Nuclear Insurance and Nuclear Claims introduced later are the core work of the insurance company. Nuclear security systems not only need very powerful systems, but also more professional data, such as disease code, occupational grade, regional information, and the permission treatment of the Nuclear Insurance system is also a very complex part. d) Customer Service Customer Service is also called preservation. Generally is divided into non-financial changes and financial changes. The biggest difference between the two is a change that will not happen, one will change the money. Financial changes can be divided into two kinds of non-financial changes that need to be subjectized (non-financial changes). Non-financial changes typically contain the following categories: 1. Change the beneficiary 2. Change the process of handling cash, cash dividends. Life Insurance Contract No Loss Value Selection (NFO) 4. Change Address 5. Change the signature 6. Changing the Insured Financial Change contains the following categories: 1. Change the insured information 2. Change Occupation 3. Change the payment period 4. Add additional contract 5. Delete additional contract 6. Increase the main contract / additional contract. Reduce the main contract / additional contract. Change Insurance Plan 9. Delivery 10. Survey 11. Survival payment E) Codification claims are based on the relevant provisions, responsibilities, and the specific conditions of being insured, pay or refuse to pay for the review process of the relevant provisions, responsibilities, and the specific conditions of the insured. General claims can be divided into three kinds in immunity, health claims, and death claims. Claim decisions can generally have full claims, some claims, refusal claims, agreement payment, etc. The immunity is for the policy of policyholders. When the policyholders are disabled or died, the insurance company will exempt the remaining or all of the remaining premiums. The policy will continue to be effective after exemption claims. Health claims generally refer to some health insurance claims, such as medical insurance, generally divided into subsidy, compensated types. The policy will continue to be effective after health claims, or it may be terminated. Death claims refers to the claims that occurred in the absence of full or death. After the death claims, the contract will terminate. f) Rebirth is the reinsurance of some guarantees to the reinsurance company, and the reinsurance company assumes this part of this risk.
