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1. Price
Structure |
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GLIMS has the
following
advantages in
regards to the
product pricing: |
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A reasonable
price
compared to
other
competitors
product,
making it
affordable
to small,
middle, and
large scale
insurance
companies
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A flexible
pricing
structure,
where the
system can
be priced
based on
modules, in
such a way
that the
insurance
company can
choose a set
of modules
and it would
be priced
accordingly
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2.
Deployment in
Wide Countries –
Example Nigeria |
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GLIMS is
currently
functioning in
the Nigerian
market for an
insurance
company
(GoldLink PLC)
having 15
branches all
across the
country, with a
large number of
users that are
simultaneously
accessing the
system, with a
remarkably fast
response time
considering the
large number of
policies,
variety of
products, and
the distance
constraints |
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3.
GLIMS - One System for General Business,
Group & Pension, and Individual Life |
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GLIMS is a one
system that
handles General
Business, Group
Life, Pension,
and Individual
Life |
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General
Insurance
Products |
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GLIMS handles
all aspects of
general
insurance
products, not
limited to: |
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Fire & Special
Perils,
Householders,
Industrial All
Risks, House
Owner,
Consequential
Loss, Combined,
Personal Lines |
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Motor, Private
& Commercial,
Motorcycle,
Motor Trade |
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Marine Hull &
Cargo, War,
Seizure, Excess
Buy Back,
Loading |
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Engineering
Plant All Risks,
Contractors,
Machinery
Breakdown &
Consequential,
Electronic
Equipment,
Loss, Computer
All Risks |
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Burglary,
Money Insurance,
Goods & Cash in
Transit,
Personal
Accident,
Workmen
Compensation,
Combined
Policies,
Fidelity
Guaranteed,
Liabilities |
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Oil & Gas on
Shore and Off
Shore, Machinery
Breakdown, All
Risks and
Liabilities |
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Bonds &
Indemnities,
Custom, Bid and
Performance
Bonds, Advanced
Payment Bonds,
Loss of Share
Certificates,
Retention and
Security Bonds |
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Aviation Hull
& Cargo, Full
Flight Risk,
Ground Risk,
Crew Personal
Accidents,
Passenger,
Luggage, and
Third Party
Liability |
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... |
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Life
Products |
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For Individual
Life, the
following
products
currently
covered by
GLIMS: |
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Unitised
Uni-dowment –
Unit Linked |
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Unitised
Flexi-dement –
Unit Linked |
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Endowment
Assurance with
Profits |
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Anticipated
Endowment
Assurance with
Profits |
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Educational
Endowment
Assurance with
Profits |
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Whole Life
Assurance with
Profit- Limited
Term |
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Mortgage
Protection
Assurance –
Annual Premium |
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Level Term
Assurance |
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Family Income
Benefits |
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... |
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Group Life
Products |
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For Group Life,
the following
products are
covered by GLIMS |
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Group Life
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Pension
Contributory |
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Pension Non
Contributory |
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Pension
Endowments |
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... |
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4.
Multi Company |
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GLIMS covers the
multi company
structure
system, where an
organization
with multi
company, with
multiple
branches in each
company, can be
accommodated
easily, and with
one key stoke,
the balances,
trial balances
and balance
sheets can be
produced and
printed for the
whole company’s
subsidiaries and
branches, giving
the management
an immediate
results any time
it is needed. |
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5.
Multi Lingual &
Multi Currency |
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GLIMS is a multi
lingual system,
giving the
insurance
company the
flexibility to: |
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Produce
documents in
multi
language
format,
based on the
needs.
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Change the
graphical
user
interface
language if
necessary to
appear in
the local
language, or
any foreign
language
required
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In addition,
GLIMS is a multi
currency system,
with 3 base
currency
structures,
making the
handling of on
shore and off
shore business
as easy as it
could be. |
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6.
Printing &
Reporting Tools |
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GLIMS produces a
set of
predefined
reports, as well
as is fully
integrated with
Microsoft Word
and Excel,
making the
printing
mechanism very
flexible and
manageable by
the users.
Any Client
document can be
tailored based
on a user
request, and be
available at
once, without
any delay or
programming
effort. The
report can be
produced either
in PDF Format,
Microsoft Word
or Excel, and
the user can do
all the
necessary
amendments if
needed on that
report.
This feature
gives the
insurance
company an
advantage and a
competitive
edge, where no
constraints
exist for
printing any
type of reports,
logos, titles,
formatting,
colors, etc. |
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7.
Fully
Integration |
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GLIMS is a fully
integrated
system, with a
single entry
point. Once an
entry is entered
to the system,
such as a
client, it would
be automatically
reflected all
over the system
as one single
code, preventing
duplication, and
making accurate
company
decisions in
regards to: |
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Clients Sum
at Risk.
-
Client
Reinsurance
Limits
-
Statistical
Reporting
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...
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8.
Client/Broker Portal |
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GLIMS is fully
web enabled
system developed
with the latest
Oracle database
and designers
technology.
Having said
that, all GLIMS
functionalities
can be hosted
and made
available on the
World Wide Web,
based on a
system security
and user
administration
rules set by the
insurance
company. Both
insured, and
Agents/Broker
can access the
system based on
a user name and
password
provided by the
insurance
company, and can
do the
following: |
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Insured |
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Query the
outstanding
premiums and
payment
schedules |
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Query policy
statuses |
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Validate
processed
payments
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Review unit
linked policies
and prices based
on the markets
changes |
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... |
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Agents |
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Review proposals |
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Review payment
schedules for
customers |
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... |
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