Claims

  • Claim Intimation/Registration
  • Claims investigations and Assessment
  • Claims Settlement
  • Claims approval and payments

Core Life Insurance Software

SIBALIFE® Life System Suite: supports entire lifecycle operation of life insurance business ranging from new business, alterations, billing, collections, commission, claims, reinsurance, finance to compensation. SIBALIFE supports all mainstream products from traditional to investment linked, universal life, and annuity, with high degree of flexibility, configurability.

Policy Admin and Services

  • New Business Management

  • Product Management

  • Renewals

  • Loan Management

  • Channel Management

  • Extensive party/Customer management

  • Maturity

  • Alterations

  • Fund Management

Claim

  • Claim Intimation / Registration

  • Claims Settlement

  • Claims investigations and Assessment

  • Claims approval and payments

Reinsurance

  • Surplus Management

  • Facultative

  • Quota share Management

  • Comprehensive RI Commission and Premium Management

Finance

  • Billing

  • Reconciliation

  • Payments

  • Customizable Chart of Accounts

  • Accounts Payables

  • Pre-defined and custom reports

  • Collection

  • Automatic Bank / Service uploads

  • Accounting rules and GL

  • Accounts Receivables

  • General Ledger

Product Master Data Setup

  • Parametric Rating Tariff and Rules

  • User interface

  • Formulas integration

Reporting

  • Intuitive dashboard with Customizable widgets

  • Reports Scheduling feature

  • Export Facility

  • Comprehensive reporting engine

  • Over 200 default reports on Underwriting, Claims, RI and Accounts

  • Supports third party reporting tool integration

SIBAGEN®

Supports entire lifecycle operation of general insurance business, from underwriting, endorsement, claims, renewals, reinsurance to accounts which are seamlessly integrated to avoid data redundancy. The fully integrated component supports the core business processes where data entered from Underwriting is available on real-time basis for Claims, Policy Management, Reinsurance and Accounts for further processing. SIBAGEN is a multi-currency solution that makes comprehensive use of a parameterized approach for the configuration of complex insurance products. SIBAGEN is highly extensible and customizable product.

Learn more
SIBALIFE®

Life System Suite: supports entire lifecycle operation of life insurance business ranging from new business, alterations, billing, collections, commission, claims, reinsurance, finance to compensation. SIBALIFE supports all mainstream products from traditional to investment linked, universal life, and annuity, with high degree of flexibility, configurability.

Learn more
SIBA Suites®

a full lifecycle insurance and financial distribution suite providing automated product management to insurers and financial sector. It is available via the below distribution technologies

  • Siba Portal
  • Siba Mobile
  • Siba USSD
  • Siba Cloud
Learn more
SIBA DIGITAL Suites®

a full lifecycle insurance and financial distribution suite providing automated product management to insurers and financial sector. It is available via the below distribution technologies

  • Siba Portal
  • Siba Mobile
  • Siba USSD
  • Siba Cloud
Learn more

Common Features

The product suites include:

User friendly UI

Role based multi-channel capabilities

Fully Integrated and Centralized system

Bulk import and Export capabilities

Accessible anytime anywhere

Built on State of the Art Microsoft stack technology

Fully web browser based application

Extensive security and auditing

Multi-Currency Support

Advanced security with Authentication server features

Dynamic report builder

Document management capabilities

SIBAGEN®

Supports entire lifecycle operation of general insurance business, from underwriting, endorsement, claims, renewals, reinsurance to accounts which are seamlessly integrated to avoid data redundancy. The fully integrated component supports the core business processes where data entered from Underwriting is available on real-time basis for Claims, Policy Management, Reinsurance and Accounts for further processing. SIBAGEN is a multi-currency solution that makes comprehensive use of a parameterized approach for the configuration of complex insurance products. SIBAGEN is highly extensible and customizable product.

Learn more
SIBALIFE®

Life System Suite: supports entire lifecycle operation of life insurance business ranging from new business, alterations, billing, collections, commission, claims, reinsurance, finance to compensation. SIBALIFE supports all mainstream products from traditional to investment linked, universal life, and annuity, with high degree of flexibility, configurability.

Learn more
SIBA Suites®

a full lifecycle insurance and financial distribution suite providing automated product management to insurers and financial sector. It is available via the below distribution technologies

  • Siba Portal
  • Siba Mobile
  • Siba USSD
  • Siba Cloud
Learn more
SIBA DIGITAL Suites®

a full lifecycle insurance and financial distribution suite providing automated product management to insurers and financial sector. It is available via the below distribution technologies

  • Siba Portal
  • Siba Mobile
  • Siba USSD
  • Siba Cloud
Learn more

Workflow management

Business Intelligence reports

Batch scheduler

Comprehensive formula and rule engine

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