Overview
TurnQuest Life Insurance System (LMS) is an integrated application that optimizes life insurance business operations for both individual and group. TurnQuest LMS helps Life insurers improve operational efficiencies and speed up the once slow purchase process. Life insurers gain unique opportunities to utilizing technology and data - both internal and external - to streamline quote generation and the underwriting processes and simplify the application process. TurnQuest LMS provides the necessary tools and flexibility to support a range of hybrid products – both group and individual schemes – so traditional insurance components can sit alongside life, disability and unit linked investment ones, and, if required, lending and mortgage components.
Key Features
• Fully integrated and scalable
• Highly flexible, rules-based engine to support configurations
• Prebuild life insurance templates for faster product development
• Task management solution that enhances user productivity
• Full traceability of data with comprehensive audit trail
• Release management tool provides visibility and control of rules
• Multicurrency functionality to comply with localization requirements
• Real-time access to policy information
• Proposal forms management (Requisition, Allocation and submission)
• Multiple quotation scenarios
• Ticketing and workflows
• Integration capability
Key Benefits
• Streamlined quote generation and underwriting processes
• Simplified coverage application
• Accelerated product development
• Personalized / tailored products and experiences
• Enhanced user collaboration
• Regulatory and tax compliance
• Improved employee and customer experience
• Reduced internal error rate
• Better agent management
• Extended market reach
• Lower client acquisition costs
• Improved service response time
• Streamlined debit/credit posting
• Detailed & updated accounting