Hansa Solutions

This is a standalone system that works independently. The main features of this edition include New Business Accounting, Renewal Business Accounting, Claims Accounting, Treaty Rule Engine, Sum-at-Risk Engine, exhaustive reports. However, New Business and Renewal Business are rendered under batch process.

How the system works?

With the given standard file formats for NewBusiness,Renewal Business and Claims data is extracted from your existing system and given to ReNova and invoke batch process to do necessary accounting. This could be done at regular intervals or as desired

Maintenance and Control is easy: At any point of time, if any record of the extracted data is inconsistent then the system points out the exact

fault at the respective record and value. This helps you to fix the faults in data easily. Also you will have control over the system how each data is passing on through the process. At any point of time you may rollback the transactions and regenerate them. This makes the maintenance easier.

Semi-automated system:

Claims need to be registered manually with ReNova to process and adjust them along with renewal process The accounting of claims is automated But registering of claims is manual.

Also, proposals for facultative underwriting and racking have to be entered manually. However, while processing the cessions the system automatically identifies whether facultative case has been realized to business or not.

All the ledger accounts and reports are fully automated for new business, renewal business and claims.

Maintenance files for renewal business are required to process the cessions for alterations, cancellations, surrenders, lapsation etc.

India +91 9704888839
sales.india@hansasolutions.com

USA +01 650 776 9789
sales.us@hansasolutions.com

Japan +81 8035398048
sales.japan@hansasolutions.com