Overview
ESKA® Life supports a wide array of individual and corporate products, serving both the commercial and Takaful businesses, enabling insurers thereby widen their outreach and expand product offerings.
ESKA Life comes with extensive insurance functions and features to ensure you maintain an adaptable and accessible life-insurance enterprise. This powerful system provides a fully customizable and convenient setup process to meet your needs. Characterized by high levels of modularity, integrity and security, both investment and protection lines of business are well-contained in the system with full support of Term, Credit, Unit-Linked and Pension plans, to name a few.
Embracing its activities from illustration and quotation generation through underwriting and issuance to administration, claims processing and reinsurance, ESKA Life keeps insurance corporations competitive while facilitating business ventures into new and niche markets.
ESKA Life covers a number of functionalities related to:
- Product Creation & Underwriting
- Takaful insurance support
- Comprehensive Sales Network
- Personal Profile Manager
- Individual & Group Policy Creation
- Savings & Investments
- Claims Processing
- Reinsurance Administration
- Reserves & Provisions
- Reporting & Analysis
Key Features
- Configurable risk classification and rating
- Hierarchical sales structuring, full administration and remuneration
- Full policy administration through alterations, benefits and services
- Category-based group schemes with seamless benefits mix and match
- Funds and portfolio management with track of investment transactions
- Mortality tables, dynamic formulae structuring and provisions calculation
Key Benefits
Administer policies with a do-it-all platform
ESKA Life gives you the dynamic infrastructure necessary to run a complete and competitive insurance company. From creating your product portfolio and underwriting process to issuing and maintaining policies, configuring payments, and processing claims.
Orchestrate an effective sales network
Retaining current customers while reaching out to new ones is vital to sustaining organic growth. ESKA Life accelerates your sales processes with straight-through processing (STP), agent portals and the ESKA Life Illustrator. Together with customizable incentive strategies and sales analysis, ESKA Life helps you connect with your customers with purpose and insight.
Combine insurance and investment products
Open up your investment potential with your insurance revenues and vice-versa by integrating your insurance and investment products within a single platform. Enabling a variety of insurance-based investment products, ESKA Life helps you meet a wider spectrum of market demand.
Calculate solvency requirements
Every insurance enterprise needs a minimum threshold of cash-on-hand to service claims and payout. Using the reserve and provisions calculation engines of ESKA Life, you can calculate the risk you insure across every policy and adjust your reserves accordingly, enhancing your financial resilience and consumer confidence.
Reduce risk with co-reinsurance
Limiting your product portfolio to only the risks your reinsurer is willing to cover makes it harder to differentiate yourself from the competition. ESKA Life helps you to split the various risks you cover between multiple reinsurers, so you can package bolder insurance products to your clients and pocket the rewards.
Keep everyone updated
The ESKA Life notification system helps keep everybody on the same page by configuring automated notifications for any and every work process. Real-time processing also ensures that any task you change or accomplish is instantly reflected throughout the whole system.
Automate your approval process
The ESKA Life approval system provides easy-to-use automated tasks, which help you delegate and verify all necessary inputs and approvals for multi-step processes. Altogether, ESKA Life helps you slash the bulk from your workloads without sacrificing control.
Diversify products with Takaful
ESKA Life incorporates the guidelines of Takaful, enabling you to design insurance models spanning Morabaha, Wakalah, and Modaraba concepts. With Takaful, you can build a better-diversified insurance portfolio that attracts more customers and gives back to the community.
Expand market access with Bancassurance
Bancassurance opens the door to a new frontier of possibilities by bringing your insurance products to bank-affiliated customers. ESKA Life empowers you to expand your market reach by building mutually fruitful relationships with banking institutions and the clients they serve. Bancassurance automates and accelerates the process of creating quotations, issuing policies, alterations and renewals. Customers can additionally file claims information and receive updates on their claim statuses right from their local bank.
Unleash your scaling potential
In tandem with its adaptable digital features, ESKA General gives you the means to manage and distribute your operations according to sub-companies, branches, departments and sales channels – all while maintaining cohesion and minimizing overhead. Together with consolidated HR, finances, reporting & analysis and digital marketing, you can scale up your operation with confidence and success.
Maximize system accessibility
ESKA Life supports access to portals and mobile apps. Let all your sales professionals fully access the quick policy creation tools of ESKA Life, and help your customers stay up to date with the details of their payments, insurance and prescriptions.