The Diamond System Insurance Software Features

Policy Processing MADE EASY
Insurance Software Redefined.
Insuresoft's Diamond System, insurance software v5.0 is a fully functional policy processing, billing, and claims solution built entirely on the .NET platform.

Success through Insurance Automation.

THE DIAMOND SYSTEM
Fully functional, policy processing system features:
Out-Of-Sequence (OOS) transactions

The Diamond System can streamline oos transatction in one step.
Enter an deffective date and the changes are applied to all subsequent policy images.
All policy history is maintained. View how the policy looked before the out-of-sequence transaction was processed, as well as how it looked after the changes apply. Written, earned, and full term premiums are updated for each policy image. Once invoice is generated for the revised amount due. Simple, effective and secure handling of out-of-sequence transactions.

Diamond Data Warehouse - Real-Time Analytics in a snap. Create fast, easy, real-time, web-based reports. Rapid access to the information you need when you need it. Provides real-time analytics so you can make important decisions accuratley and quickly. Useful data that works for you. Flexible reporting options allow you to evaluate your products.Create historical and predictive reports in virtually any format you want using Microsoft SQL and Office applications.

User Configured Rating Tool - Policy processing and rate modeling made easy. Another Insuresoft value added product for an insurance company's most valued tool for leveraging technology. With the User Configured Rating tool, companies experience ease of intuitive configuration, and accurate market analysis, faster implementations. Adds flexibility and ease in handling policy changes.

Claims - The Diamond System's claims module supports multiple lines of coverage that can be set up from a single screen. Supports split transactions for payments, reserves and recoveries. Real time coverage verification and litigation managment, Configurable data capture, Salvage and subrogration.

Billing - The Diamond System's Billing module provides real-time billing capabilities including midterm pay plan change, flexible pay plans,credit Card/EFT, and configurable data capture.

Data Warehouse - SQL Analytical Services as well as SQL Reports to provide actuaries with robust and flexible managment. Provides "sandbox" modeling cpabilities to analyze rate changes across a book of business.

Agency and Cosumer Web Portals - Enables internet based inquiry, quoting, rating, underwriting, transactions and policy issuance to carrier's apointed independent insurance agents and policy holders.

Diamond Publisher - Publisher provides full printing/pdfing capabilities. Output can be directed to print in any desired location/tray or order. Offers built in intergration options for third party imaging systems and other software programs.

About Insuresoft:
Insurance software.Insuresoft is a Microsoft Gold-Certified independent software vendor delivering insurance software to the property and casualty insurance industry. Insuresoft offers a suite of products and services that are configured to meet the unique needs of insurance companies and managing general agents in North America. Insuresoft is a privately-held company headquartered in University Park, Illinois, with offices in Alabama and Minnesota. For additional information,
please visit http://www.insuresoft.com.