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Description
Data Vera, created by CATEX, serves as an all-encompassing solution for binder management, specifically designed to tackle the difficulties faced by insurers and brokers who deal with various separate data sources. It integrates data management and storage, providing consistent access and reporting capabilities across different business lines. Notable features encompass the ingestion and normalization of bordereaux data, enabling the smooth handling of extensive files without the need for complicated templates. Furthermore, the platform's automation and learning features allow it to evolve over time, facilitating automatic data corrections during future uploads, which enhances operational efficiency. The solution also includes extensive program management for both inbound and outbound operations, aiding in the consolidation of policy and claims information at the program or facility level and accommodating multiple reinsurance structures like treaty, facultative, and proportional. Moreover, the accounting module is designed to generate a tailored general ledger that meets the specific requirements of an organization, providing additional functionalities such as levy and tax accounting, thus ensuring complete financial oversight. Ultimately, Data Vera represents a significant advancement in the integration and management of data within the insurance industry.
Description
VERMEG has developed SOLIFE, a robust policy administration system specifically designed for life and health insurance providers. This system streamlines the complete management of new business activities, policies, and claims, featuring capabilities such as cash and events management, seamless accounting integration, and oversight of distribution and fees. It also addresses reinsurance, tax and legal compliance, dedicated reporting, and efficient claims handling. With over two decades of industry experience informing its design, SOLIFE adopts a client-centric model and is regularly updated to align with evolving regulatory requirements, including MiFID and PRIIPs. The platform is built to facilitate digital processing via APIs and responsive design, ensuring a modern user experience. Its high degree of automation not only minimizes administrative expenses but also includes a versatile product-design workbench that enhances the speed of market delivery. Furthermore, the system accommodates various distribution models, making it adaptable to a wide range of business requirements, ensuring that it remains relevant in an ever-changing marketplace. This flexibility empowers insurance companies to optimize their operations and meet their unique challenges effectively.
API Access
Has API
API Access
Has API
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Catex
Founded
1994
Country
United States
Website
www.catex.com/data-vera-for-binder-management/
Vendor Details
Company Name
Vermeg
Founded
1993
Country
Netherlands
Website
www.vermeg.com/product-solife/