INGENIUM
EDS SOLCORP / INGENIUM®, is a high-performance, Web services-enabled policy administration system that scales to high-volume environments, providing robust, full-function processing for an extensive range of life and investment products.
"The system boasts top-notch scalability matched by few competitors."Celent Communications
Through its powerful PathFinder browser interface, INGENIUM enables dynamic business activity monitoring, providing real opportunities for business process improvement and rapid ROI. Integration with EDS SOLCORP / ProductXpress allows IT to rapidly define and implement new products using table-based design and calculation configuration. INGENIUM integrates seamlessly with standard third-party solutions including customer service Web portals and other mid and front office tools.
Quick Introduction of New Products
INGENIUM offers financial organizations the ability to define and administer a broad range of wealth protection, accumulation and preservation products in addition to more traditional individual insurance products. New products can be introduced with comprehensive sales and service support very quickly. EDS SOLCORP / ProductXpress™, when implemented with INGENIUM, can further expedite new product time-to-market with a common enterprise calculation engine and repository.
By virtue of INGENIUM's underlying table and parameter-based design, changes can be made to plan rules and variables without the need to define a brand new product (for example, new pricing). A feature, rate, rule or calculation can be shared between several products or can be unique to a specific product (for example, interest rates). INGENIUM provides comprehensive validation for combinations of insurance benefits and/or investment vehicles that can be sold and administered within a single policy contract.
Flexibility and Accessibility
INGENIUM's extensible real-time availability provides accessibility to all distribution and customer service channels, even while your daily batch processing is running.
No two financial organizations have exactly the same business operations environment – policies and procedures may vary depending upon location, distribution channel, product mix, organizational structure and target market. Flexibility in the design and implementation of business processes, ease of use and quality are all critical criteria. Requiring nothing more than a browser, INGENIUM provides easy access for distributors, customers and business partners. INGENIUM's PathFinder architecture supports the definition of tailored business processes and user interaction to suit any user or business scenario. With this ability to define an intuitive, friendly interface for all users, INGENIUM provides tremendous flexibility for the way companies do business.
eBusiness Capabilities
The world of eBusiness presents unprecedented opportunities for financial services organizations. It provides an ideal platform to deliver an easy to use, interactive experience with immediate fulfillment of customer or distributor needs. INGENIUM fits neatly into the solutions framework for financial organizations that are developing and implementing eBusiness strategies. INGENIUM provides secure access to customer and contract information, submission of new business and business processes via the Internet or over an Intranet infrastructure.
Complete Contract Life Cycle Business Processing
INGENIUM's business functionality fully supports new business, underwriting, customer service and administrative processing throughout the entire life cycle of a contract – from acquisition of new business through to final settlement or claim.
- Business processing is client-centric, providing access to all customer portfolio information
- Customer and distributor inquiries or service requests can be processed immediately with all necessary activities and calculations performed automatically
- Interoperability with other enterprise systems
- The contract administration system resides as a mission-critical, back-office engine
- Communicates with other strategic enterprise systems such as customer relationship management (CRM), business intelligence, call center and telephony systems, image and workflow
- Advanced architecture and adherence to published standards ensures the ability to integrate within the enterprise IT environment
- Can be easily integrated with other financial and front office solutions such as banking and investment systems, ATMs, kiosks and storefronts
INGENIUM v7.0
INGENIUM v7.0 is the first release in a multiyear enhancement plan for INGENIUM. It continues to blend traditional programming practices with state-of-the-art modeling tools that allow insurers to configure selected business functions, while retaining the ability to support the high-performance, high-volume characteristics that have made INGENIUM a market leader.
INGENIUM .NET
INGENIUM .NET is for insurers who want to benefit from a complete policy administration solution operating in a .NET framework. Unlike other solutions INGENIUM .NET is full-featured, scaleable and supports the complete .NET framework.
INGENIUM PathFinder
PathFinder, the SOLCORP / INGENIUM interface is flexible, powerful and easy to use. It provides the technology that allows other systems to communicate with INGENIUM. The component nature of the architecture permits easy integration with other front office solutions such as Interactive Voice Response systems, mobile devices, etc.
- INGENIUM Products
- INGENIUM v7.0
- INGENIUM .NET
- PathFinder
