IPSI was founded using an innovative Policy Administration system, known as CLOAS. Like our Fund Administration system, our Policy and Distribution Administration system, which is currently supporting all of IPSIs clients, allows IPSI to provide solutions for a broad range of financial transactions and fund structures. These include premiums, switches and claims transaction processing, commission deductions, tax and surrender charge deduction and financial and regulatory reporting.
Our Policy Administration system known as CLOAS.NET is a descendant of an original CLOAS policy administration package as licensed by CSC. This application has been the trusted backbone of IPSI’s T.P.A. service delivery over the last two decades, with the evolutionary introduction of a huge amount of new functionality to supplement the already functionally-rich base product.
Our Customer Administration Team helps you through:
- Servicing throughout complete policy life cycle,
- Electronic Policy Acceptance & Issue,
- Electronic Post sales servicing,
- Electronic Investment Funds Administration,
- Claims/Maturities Processing,
- Distribution remuneration & management information,
- Realtime Policy enquiries & updates,
- Electronic disbursement of payments in multiple formats,
- 3rd party call center models,
- Multi- Lingual Support,
- Distribution Service.
If you are interested in finding out more then contact us here.