Architecture of the product

ReNova is capable of getting integrated into any kind of legacy systems. Also the reinsurance database can be maintained on any kind of desired system, right from MS Access to RDBMS.

It can be used as a standalone application and multi- user application, connecting through network. The architecture of database is so flexible that it can be customized to the requirements of your system.

ReNova database can be integrated to your existing system or can be maintained independently. The entire product is designed and organized in four layers:

             1. Application Layer
             2. Database Layer
             3. Treaty Engine Layer

ReNova for Group Business

Apart from individual life,Group management is an add-in feature of ReNova. All types of treaty reinsurances are accommodated and processed.This add-in feature is separated from the individual business for making the system simpler and effective.All the activities of the group businessare accommodated with the system.

  Maintenance of group data is simple and easy
   Configuring treaty rules for employer-employee or non        Employer - Employee,cadre - wiseorlife - wise        categorization in a group is made easy with a robust        engine
   Renewal process, additions and drops to the group are        automated with a robust engine
   Claim settlement and tracking in a few simple steps
   Group underwriting and tracking
  Exhaustive reports on group data

Maintenance of accounts, ledger is simple

  Creation of journal entries for other expense and        incomes that need to be adjusted for an SOA.
  Auto posting of new  business and renewal        transactions to the ledger account
  Profit and loss account is made simple and easy
  Creating reserves and IBNR are easy
  Analyze account balance with age-debt