The management of provident insurance contracts: a real challenge

Provident is a very large area, which encompasses all of the insurance systems allowing individuals to protect themselves from the vagaries of life. Among the various provident contracts, we find in particular:

  • Death insurance : it guarantees the payment of a capital or an annuity to one or more beneficiaries in the event of the death of the insured.
  • Funeral insurance : It allows the subscriber to constitute a capital for the financing of his funeral, but also to predict the organization of his funeral. There are also two categories of contracts: the funeral services contract and the capital contract.
  • Disability insurance : It aims to compensate for the loss of resources suffered by the insured following an accident or illness. He can thus receive income during the duration of his disability, provisionally or final.
  • The Guarantee of Accidents of Life (GAV) : it covers bodily damage, or even the death of the insured, in the event of a domestic accident (for example: gardening, DIY, fall, etc.), medical accident, natural or technological disaster, aggression, attack …
  • Dependence insurance : it provides for the payment of an annuity or capital to an elderly person when it presents a loss of autonomy, which can be partial or total depending on the terms of the contract.

Moreover, A provident contract can be subscribed for individual or collective basis. Collective provident designates the guarantees put in place within a company to protect employees against financial risks linked to a stop or an inability to work. Thus, this insurance completes the services of compulsory social security plans and offers greater security for employees, especially in the event of death or disability.

For an insurer, The management of provident contracts is therefore particularly complexgiven the multitude of existing contracts and their highly personalized dimension. Indeed, the guarantees provided are likely to vary strongly depending on the profile of the insured, but also the nature of the contract (individual or collective).

Key features of provident contract management software

To gain competitiveness and develop on the provident insurance market, a powerful and customizable contract management tool is essential. Here are some of the essential features of such software.

A configurable and scalable solution

An insurance company must be able to rely on an easily configurable toolallowing to manage all cases, whether guarantees related to disability, death, inability to work or dependence, in an individual or collective framework.

The software must also offer customizable business processes, capable of adapting to the insurer’s strategy and the specifics of its activity. Finally, you have to opt for a solution capable of Take charge of a growing volume of operations and an increasingly diverse range of contractsin order to support the development of the insurer.

Insurance products design with a reduced time to market

Acceleration of Playing new products is a priority for insurers. Hence the interest in adopting software to quickly deploy innovative and tailor -made offers, according to developments in the needs and uses of insured.

Intuitive web portals

Good provident software allows you to easily design insured spaces and web portals, in order to Propose subscription and exchange of simplified information With different stakeholders: insured, health organizations, reinsurers, etc.

These intuitive online services also allowlighten the managers of managers and reduce management feesby limiting in particular the solicitation of telephone standards.

Software in accordance with regulations

In a constantly evolving legislative environment, insurance companies face increasingly strong requirements. Provident contract management software must therefore offer high regulatory compliance guaranteeswhile facilitating internal control (especially in the context of solvency II).

What provident software for effective management of different contracts?

With Ciriselsa, choose a reliable, efficient and flexible solution for managing your individual and collective provident contracts. Develop new processes independently, depending on the specificities of each branch, and meet the requirements of individuals and businesses, while respecting the regulations in force to the letter.

Our provident software allows you to Manage the entire life cycle of your contracts from a single cloud platform. From product design to accounting, including subscription routes and claims management, all the modules you need are gathered in one and the same place.

Furthermore, Cloud accommodation guarantees you optimal performance, including in the event of a rise in load : addition of new features, increase in the number of customer files, creation of new agencies …

Better still, Ciriselsa is a management system allowingistribute and manage your provident contracts on the same platform as your health, retirement and Iard contracts, without limitation.