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All Press Releases for November 20, 2002 Subscribe to this News Feed    
 

Powerful Insurance software from Fast Forward Systems India.

Fast Forward Technologies is an R&D oriented company specializing in authoring powerful IT solutions for the Finance and Insurance verticals. It is involved in research projects in collaboration with several multi-national corporations and Government bodies in Singapore and India. It enjoys a reputation of authoring robust, 'easy to use products, which lend themselves to rapid implementation and deployment across the enterprise. Fast Forward is headquartered in Singapore and has offices in several parts of the Asia Pacific including India, Thailand and Australia.

Fast Forward Technologies is an R&D oriented company specializing in authoring powerful IT solutions for the Finance and Insurance verticals.

As a derivative industry , the insurance sector has to constantly adjust itself to the ever changing business and natural climate around it. The entire practice of insurance revolves around information. The more comprehensive and analytical the information, the better the rating of risks. F-Ins General Insurance System developed by Fast Forward is highly
analytical and provides full suite of functionality required to operate both the Front and back office functions of large corporations.

The claims function is totally integrated with the Underwriting and Re-insurance functions. The system automatically retrieves the recovery information from the Re-insurance modules and computes the net loss on anon-going basis.

The system also generates advices- preliminary loss advice, settled loss advice etc and gives flexible format for transmitting the information to the re-insurers.

Product Configuration - This function allows users to define the characteristics of the various products and services offered by the company. The flexible definition includes defining the range of information associated with the product, the commission and discount schemes associated with the product etc.

Underwriting - F-ins provides very extensive and intuitive underwriting facilities. The underwriting activities covered include generation of quotation , issue of policy and endorsements and completing the information related to Ceding of risks to re-insurers.

Claims - The claims function is totally integrated with the Underwriting and Re-insurance functions. The system automatically retrieves the recovery information from the Re-insurance modules and computes the net loss on anon-going basis.

The system also generates advices- preliminary loss advice, settled loss advice etc and gives flexible format for transmitting the information to the re-insurers.

Reinsurance

O Facility for creation of facultative arrangements
O Support for proportional and non-proportional treaties.
O Integration of treaty functions with the underwriting functions
O Integration of treaty functions Claims functions.
O Facility for creation of risk cards for accumulation of exposure


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CONTACT INFORMATION
P S Iyer
Fast Forward Technologies
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