PREMIA ASTRA

Core Insurance Solution

Implemented in

115+

Companies

As digitalization transforms the way we interact with the world, financial institutions like insurance companies need to incorporate innovative technologies in their processes. Azentio offers a complete Insurance Management Suite, Premia Astra that delivers best in class solutions across multiple Insurance verticals. With strong domain capabilities in Life, General, Health, Group Life and Islamic Insurance, the solution offers powerful and flexible product configuration, enabling businesses to launch new products with speedy go-to-market tools and drive new business acquisitions through a digital ecosystem.

Premia Astra Core Solutions

Premia Astra helps insurers to be more data driven. It optimizes investments in their digital capabilities that support scalability, enable easy customizations,build differentiated customer value and build robust back-end processes

E-Portal

This end-to-end, bilingual web portal solution helps insurance companies improve customer service levels. An interactive and insurance-specific solution, it helps insurance companies to cut costs and increase sales capabilities with:

  • Customer Portal – for personalizing information and self-service options
  • Employee Portal: Makes employees self-driven business enablers with an online knowledge repository
  • Carriers Portal: Reduces expenses by providing a self-service portal and access to financial partners
  • Intermediary Portal: Empowers agents and brokers by providing business-boosting market information

General Insurance

This solution includes an innovative product configurator and a rating engine to smoothly set up complex premium rating in a scalable, effortless and flexible manner with:

  • Multi-currency, multi-lingual support
  • Risk upload facility to reduce data entry time for fleet and group policies 
  • Integrated DMS – workflow and automated SMS and emails

Life

Developed on the latest platform, this is a powerful suite of tools. A dynamic, bi-lingual, multi-currency solution, it dramatically cuts costs and time-to-market with effortless process automation and other capabilities:

  • Integrated new business, policy administration, claims, and finance modules
  • Comprehensive reinsurance management
  • In-built workflow

Health

This solution equips health insurerswith innovative process automation to deliver long-term benefits to providers and end users alike and better manage underwriting, TPA administration and claims processing, to financial accounting:

  • Providers can be grouped with different ratings and networks
  • Dynamic ratings engine
  • Product master can be defined with multiple numbers of plans

Pension

A comprehensive solution that spans group pension, individual pension, provident fund to immediate/deferred annuities. It is easy for you to leverage new and existing customer relationships:

  • Supports Multi-channel distribution, B2B & B2C, end to end sales and servicing processing
  • Open and modern service oriented architecture
  • Multi-language and multi-currency support in single instance of system helps regional and global carriers comply with localization requirements

Takaful

An Islamic-specific insurance solution, it streamlines insurance operations according to the Shariah law. It is designed to support both the Mudharabah and Wakalah models of Islamic insurance:

  • Powerful analytical tools
  • Consolidated surplus or investment returns from different business types into a single participant account
  • Streamlined interactions with participants (individual accounts, information on a participant’s cash value, distribution of underwriting surplus, etc.)

Business Intelligence

We help you develop business strategies and project futures with an intuitive interface that provides a holistic real-time view across several lines of business, time zones and geographies: :

  • Class-leading BI features, information capabilities, security mechanisms and protocols
  • Tools rich in insurance domain
  • Analytics on-the-go with personalized iPhone/mobile dashboards to access critical business information anywhere, anytime

Insights

How Insurers can fast-track their business goals with digitalization?

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What makes our product Premia Astra unique

  • Flexible, scalable and easy-to-use
  • Product configurator with tariff and formula that can be easily adapted to any business component, to set up complex premium ratings
  • Integrated risk-analysis tools
  • Supports Multi-channel distribution, B2B & B2C, end to end sales and servicing processing
  • Allows for easy integration to external third party and/or proprietary systems
  • Business intelligence via mobile dashboards

Your Business Advantage with Premia Astra

  • Develop and swiftly launch new relevant products that help you compete better
  • Improve consistency and productivity with intuitive and automated business processes
  • Distinguish real opportunities with deep and insightful analytics
  • Personalize experiences for customers with smart configurators
  • Streamline the entire insurance life cycle with integrated modules
  • Prevent frauds with robust audit capabilities
  • Complete business view at all times, with integrated underwriting, claims, reinsurance, and finance modules
  • Smarter business decision-making with advanced insurance analytics and reporting

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