PROFIDA presents Administrator Edition

Computer Science Software, developer of leading policy administration systems, is presenting the PROFIDA Administrator Edition at the 2008 conference of the Insurance Institute of South Africa (IISA), taking place at Sun City on 22 and 23 June 2008.

“Our team will be present at this leading trade conference and exhibition, and we look forward to presenting to delegates the latest features included on PROFIDA,” says Daniel Putra, Managing Director of PROFIDA.

“Of particular interest is that PROFIDA now has the capability to integrate with EasyPay, a leading provider of electronic funds transfer and bill payment processing services. This was developed in response to the need by insurers and underwriters to support new payment methods that serve their "un-banked" and "under-banked" markets effectively.”

With EasyPay, when issuing a policy a unique number is generated and printed on the schedule. Customers can take the policy schedule to retailers like Pick’n Pay or Checkers and make payments at till points. PROFIDA reconciles the EasyPay payments on a daily basis via the Internet.

“We are very proud to have PROFIDA as the first policy administration system integrating with EasyPay. This signals our commitment to meeting clients’ needs to employ profitable and feasible solutions for the management of their entry-level products,” explains Putra.

Another highlight is the PROFIDA Rating and Quotation Engine, designed in such a way that rates can be changed on the fly.

The PROFIDA Rating and Quotation Engine manages multiple products and all classes of short-term insurance. It is also geared to support niche and value-added products like roadside assistance and even considers life product add-ons like funeral or accident cover.

Quotations can be fully customised and users can include notes for clients to explain sections, covers, excesses and other quote-related issues.

Says Putra: “This gives great flexibility to first find the best rate for each section of cover. When happy with the result the new rates for specific sections only or for the entire product can be applied.”