Life & Pension Insurance Software

Policy administration software solution for Life, Pensions and investment insurance products, both for individual, group and worksite clients.

ALIS Life & Pension Insurance Software

ALIS is an advanced policy management software package which enables insurers to manage the entire life cycle of Life, Pensions and Investment (LPI) products for individual and group clients. With ALIS, insurers can provide comprehensive responses to the rapidly-changing requirements of clients, changing business rules, and the competitive environment.

ALIS is based on software components that contain embedded global insurance industry knowledge on individual life insurance, group life insurance, pensions and investment products. Its parameter-driven product-configuration engine provides unparalleled flexibility in rapidly developing products (one platform - multiple applications) with minimal or no software modifications. This means quick launch, administration and maintenance of a new product, significantly reducing time-to-market

ALIS’s rich functionality and configurable architecture built up over many years allows companies to take control of their business and react to changing market needs rapidly be it new products, new distribution channels, new brands or simply changes to existing products.

ALIS is Solvency II and  RDR ready and supports the requirements of gender neutral pricing.
     
ALIS offers seamless integration with key enterprise and external applications addressing part of the policy lifecycle or complementing the policy management capabilities. These include: CRM, Workflow management, Auto-underwriting, Document Management, Reinsurance, General Ledger and many others. Some of these are provided as part ALIS, but the client is free to choose the internal offering or to use an external solution if they wish.

ALIS is truly product agnostic allowing user’s to  re-use the rich core business logic to drive efficient and rapid change to products and processes.

Two decades of industry expertise with proven  implementations in 11 Countries across the 4 Life&Pension sub verticals and a profound belief in the heritage and future of our technology adds to the equation, yet our success comes down to our old-fashioned belief in true client support.

 

The ALIS platform delivers both a multi channel and multi media service solution meeting the ever changing market and customer needs.

Individual Annuity Products.

ALIS supports all types of annuities including deferred, fixed and variable, payout annuities, equity indexed annuities, Enhanced and Impaired Life annuities. ALIS has been integrated with xpert underwriting systems risk assessment and categorisation of applications.

Group/Worksite Life & Protection Products.

The system includes robust and agile functionality to supporting the on-boarding and administration of  group life and protection policies at the worksite including Universal Life, Variable Universal Life, Income Protection, Critical Illness, and Disability Income.

Individual Life & Protection Insurance Products.

ALIS provides robust and agile functionality supporting  Term Life, Universal Life, Variable Universal Life, Income Protection, Payment Protection, Critical Illness, Whole Life, and Endowment products.

Worksite Group & Voluntary Benefit Products.

Many clients use ALIS to support retirement plans including individual and group personal pensions, stakeholder pensions, transfer plans, group additional voluntary contribution plans, and group self-invested pension plans.

Hybrid Products.

The US Pension Protection Act of 2006 now permits an annuity product to provide a long-term care rider. In order to keep you ahead of the competition, we’ve already configured ALIS to support these hybrid products..

U.S. Regulatory Requirements.

ALIS comes equipped to support 7702 and 7702A processing, as well as U.S. regulatory requirements based on commonly accepted U.S. practices. Instant introduction of future regulation requirements will keep your business on the fast track..

More on ALIS functional aspects

More on ALIS technical aspects