General Insurance Management System (GIMS)

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Rate, Quote and Issuance

Product and Rates Editor

Is your company experiencing:

• Delivery time issues with product enhancements and rating changes?
• Delayed business decisions because of system constraints and programming changes?
• Seen your best agents or brokers sending their quality submissions to other firms because of a lack of submission time responsiveness?
• Lost some of your best underwriters to competitors, who have them working on the complex & interesting files, versus everything?

GIMS is supported by a business rule and rating engine, called the System Support Centre, which is extremely open and flexible. The unparalleled architecture improves time-to-market, reduces support and maintenance costs  by enabling business analysts to change rates and products at any time, without any knowledge of programming. Change in rates and coverage can be setup, tested and distributed well in advance, and become effective instantly on a scheduled date/time, simultaneously in the main system and in all remote point of sale locations.  Changes that in the past with legacy architecture could take months to change, test, and deploy; are reduced to days and weeks.

The System Support Centre, via the use of table based setup, provides for rating, processing rules, and edits for all personal and commercial lines, across all p&c insurance transaction types:

Personal Lines:

• Auto (standard & non-standard).
• Homeowners / condominiums / tenants / mobile homes / acreage & country estates.
• Seasonal / cottage properties, rental properties. 
• Motorcycles, all-terrain vehicles, snowmobiles, watercraft, scheduled articles, etc.
• Umbrella Liability.

Commercial Lines:

• Business Auto - individually rated, fleet, garage.
• Farm.
• BOP, CPP, CMP - commercial packaged policies.
• Manuscript or subscription policies.
• General Liability & professional & specialty liability forms.
• Business interruption and crime.
• Ocean & Inland marine.
• Surety and fidelity bonds.
• Workers compensation.

Rating engine special features include:

• Highest-rated driver - highest vehicle.
• Multi-tiered rate filing.
• Mono-line / Multi-line with Mono-risk / Multi-risk processing.
• Automated discounts and surcharges.

Rules engine supports:

• Edits & processing rules for all transaction types; automatic versus non-automatic & warnings; accounting for multiple factors & dimensions.
• Routing of transactions for review before completion to appropriately authorized positions.
• Ability to transfer work in progress or portfolios of business in blocks or individually based on your rules.
• Multiple levels of security access & processing ability at the transaction level, policy type level, department,  jurisdiction. 

GIMS supports all insurer market segments:

• Standard
• Non Standard
• High Risk
• Niche

GIMS is ideal for:

• Insurers - Standard & Surplus / Specialty Lines.  
• Reciprocals and captives.
• MGAs and wholesale providers with underwriting authority.