Azerbaijani insurance company automates business processes via INSIS system
Azerbaijan, Baku, Sept. 23 / Trend H.Valiyev /
MBASK Insurance Company of Azerbaijan put a new operating system INSIS into trial operation, the company told Trend . The system was developed by the Bulgarian company Fadata.
The implementation of the INSIS system will automate the entire standard business processes with the additional feature of the configuration in accordance with specific requirements.
The software product supports the business logic of property insurance, liability insurance and personal insurance, including individual, collective and life insurance contract.
The system will allow realizing the automatic processing of transactions on bonuses, commissions, payments, reinsurance and providing the integration with external financial system. INSIS will also generate static and dynamic reports of any complexity.
The system was developed on the basis of ORACLE and has a modular architecture that allows using only necessary functionality for the automation of the insurance company. The functionality of the system allows specifying more than 5,000 configuration parameters that enables the system to determine the business rules of any complexity.
The cost of the project is over $500,000.
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