IBM Genelco Insurance Administration Solution™ (IBM GIAS) is scalable for growth, portable to any environment and extensible through its integrated, world-class, business rules engine and Web Services tools and applications to provide the end user with an end-to-end solution for insurance processing. This comprehensive solution supports virtually any individual or group insurance product thus easily replacing a myriad of disparate systems. Furthermore, the inherent issue of multiple systems is eliminated. With IBM GIAS an organization will have one, simple, but functionally-rich, system solution.
Based on a componentized processing model, IBM GIAS uses proven, robust processing service components to handle an insurer’s administration processing needs from new business to policy issue, health claim adjudication to claims disbursement, loan processing to policy surrender and more. IBM GIAS is built to naturally support the following products:
As a core insurance system for back office administration, IBM GIAS, compliments any distribution channel—digital, direct mail, worksite or face-to-face sales. It fully integrates to IBM ODM, a world-class rules engine allowing the Operations area, without IT intervention, to add or adjust any unique processing need, such as a new product type or a change to an insurance product feature or coverage type.
In summary, IBM GIAS, a powerful rules-based, comprehensive core administration system, maximizes user efficiency and provides the flexibility and adaptability insurance organizations need today to quickly move products to market, handle diverse claim and benefit payouts while serving the sophisticated demands of customers.