Reinfo Asia Limited

Core System for General Insurance Company

 

PolyWin series -  PolyO , PolyNet , iPoly , PolyEB  

PolyO, PolyNet and iPoly are designed to manage the operation of a General Insurance company from Inward business to outward business .

The inward business includes Direct, Fac In, Co-insurance, Fronting and Treaty In. The outward business includes Fac Out and Treaty Out (for both proportional and XOL nature). Besides, PolyWin can support Captive insurance company and up-to year of 2019,  three China based Captive insurance companies are using PolyWin to manage their daily operation. 

Modules include Client management, Policy / Endorsement Administration,  Auto Reinsurance % Allocation, Claims management, Settlement Module for AR/AP, Reinsurance contract terms maintenance , Reserves Module (UPR/DAC, IBNR...etc.) and MIS module.
 

iPoly system which is the new version ( to be launched in 2021 Summer ) ,  is designed to run the applications on Cloud based platform;
 

New features in iPoly:

• Further enhancement to PolyWin,  work flow engine,   dashboard ,  data encryption

• Support API with third party systems

• Direct link with iAgency and iEB 

• Support payment gateway

All current package of PolyWin, PolyO, PolyNet and PolyEB could be migrated to iPoly by a short period of time, i.e. 3 months to 6 months.
 

PolyEB system is designed to manage the Group business , such as Group Medical and

Group Life
 

A comprehensive quotation engine, billing process, claims administration, Doctor Panel and Reinsurance are provided.

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iAgency / iEB   ( supports mobile access )

Systems are designed for B2B and B2C operation
 

iAgency is designed to handle  General insurance product via mobile and accessed by direct client, agent, broker and policyholder .  It covers several modules, such as Quotation, Issue of policy, Policy renewal, claims submission, settlement submission ( AR/AP ) and request of output… etc.

iEB is designed to handle Group business product via mobile and accessed by direct client, agent, broker,  policyholder, member and doctor panel ..etc. .  It covers several modules, such as Quotation, Issue of policy,  Member movement submission,  claims submission,  inquiry of benefit usage, claims payment status, application for daily pre-approval process, exchange information with panel doctors , and request of output…etc.
 
 

General Ledger System
 

PolyGL / PolyGL2

The above systems are designed for handling all financial data of the General Insurance company
It consists of :

• Automatic posting (policy data, claim data, AR/AP data, reserves data...etc.)

• Journal Entry to capture non insurance data (consists of excel upload feature)

• Fixed Asset Register

• Budget Analysis (Income and Expenditure forecast)

• Revaluation on foreign exchange

• Year-end posting

 

PolyGL2 which is the new version of General Ledger system and will be launched in Summer of 2021,  is designed to produce the financial reports with notes for IFRS 17 standard.

• Support multiple chart of account to produce both IFRS 4 and IFRS 17 finance reports

• Audit Trail reports are provided to compare data of IFRS 4 and IFRS 17 on policy basis. 

• Produce standard set of reports for Insurance Authority, i.e. Quarterly return...etc.