ANTENIA has been implemented in multiple contexts (companies, brokers, TPA, banks…), it therefore inherits from the best practices of the industry.
It may be viewed as:
ANTENIA allows to easily parameterizing any insurance product for personal lines, small business or commercial lines, for P&C, life & savings and health coverage.
Web forms used to collect underwriting data and to present quotations may be customized with specific graphical interface layouts and ergonomics.
Tariff computation is programmed. All variables (such has insured capitals, underwriting ranges, indexes…) are stored in tables, so that product managers may easily maintain them without involving IT peoples.
Therefore, time-to market is very short, implementation productivity is excellent and there is no limit to tariff design.
The same quotation routine is used for new business, renewals and endorsements whatever the users and its location.
ANTENIA handles and records every event on a policy (pre-sale quotation, new policy, endorsement, suspension, cancellation, renewal…)
As ANTENIA is multi-entities and multi-lingual, it deals with policy’s environment.
There is also very strong fleet policy management functionality
Designed for direct insurers as well as intermediated business, ANTENIA handles all approaches for collecting premiums: credit cards, bank transfers, directly or through brokers’ account, premiums splits, discounts and discount budgets...
On claims, ANTENIA’s performance relies on the coexistence of simple transactions that handle mainstream features (record a claim, set reserves, compensate and close a case within one or two screens, for most risks) and sophisticated rules-based workflow and document management to handle complex cases.
The coinsurance features include recording coinsurance plans, computing premiums and claims breakdowns including if retroactively.
ANTENIA handles proportional reinsurance cession, either treaties or facultative by computing on each policy ceded part due to each treaty, by alerting the underwriter that a fac is needed, and by producing accounting, bordereaux and claims alerts.
On the same way, non proportional treaties are recorded in order to produce bordereaux and to alert when parameterized thresholds are reached.
All EDIs (Electronic Data Interchange) needed are implemented in each country: banks, brokers, loss adjusters, fraud DB...
ANTENIA enables to deal with marketing & sales features in the same environment than policy management. Training is easier and processes are leaner.
ANTENIA provides extensive functionality: multi-criteria query tools and campaign design, tracking of customer contacts and behavior, script marketing for call centers...
Operational accounting benefits from ANTENIA’s on-line Internet architecture: a validated business event will immediately impact both company’s and broker’s accounts.
ANTENIA exports entries according to parameterized schemes to external general ledger.
ANTENIA provides inventory treatments to compute reserves and technical accounts. An end-user query tool allows extracting needed data for specific analysis. Data may also be exported into BI servers.
ANTENIA proposes several reporting tools: