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Insurance Solutions Where TECHNOLOGY means BUSINESS
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AL-HARIS Framework & Legitimate Compliancy
AL-HARIS is a fully integrated general Insurance Solution that handles all policy admin, underwriting, claims and reinsurance operations and activities for the following classes of business: Motor Marine & Hull Fire General Accidents Engineering Liabilities in accordance with: Islamic Shari' a principles (Surplus Distribution / TAKAFUL) Audit, Accounting Organization for Islamic Financial Institutions (AAOIFI) standards
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AL-HARIS Framework & Legitimate Compliancy
Profit Sharing Surplus Distribution (TAKAFUL) Risk Sharing
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AL-HARIS Technology Platform
AL-HARIS has been designed and developed using Oracle database and Oracle tools and efficiently scalable over multiplatform.
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AL-HARIS Feature Highlights
Bilingual GUI Standardization Parameterized Fully Integrated Lower future development and maintenance costs Flexible design allows easy interface with other systems Modular Design supporting phased implementation Robust Multi-Level Security & Log files
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AL-HARIS Business Modules
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Surplus Distribution / TAKAFUL
R E I N S U R A N C E UNDERWRITING & CLAIMS Architecture Motor Marine & Hull Fire General Accidents Engineering Liabilities Data Flow Integrated Business Layers Policy Admin General Insurance Set Up Accounting Clients Security Core Systems
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System Value Added Chain
Set Up Business Process Automatic Vouchering Reporting Inquiry
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First Layer Set Up Accounting Clients Security Core Systems
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Set Up Security Clients Accounting Core Systems The Set Up system defines several parameters to establish unified interfaces: Organizational structure Error messages Defining programs, functions, elements and their relevant. Defining Employees and users
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Set Up Security Clients Accounting Core Systems The Security & Privileges system manages and controls users/groups authorities and profiles parameters to guarantee full system protection and monitoring, such as: Log time & frequency Control Users groups Group privileges Users records Active users
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Set Up Security Clients Accounting Core Systems The Clients system manages the clients’ basic information on any nominal level Unique card numbering Types of client :Client, Insurer, Broker, Reinsurer, Garage, Beneficiary, lawyer…. Client Black Listing Inquiry about various types of clients, using any part of their full names.
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Set Up Security Clients Accounting Core Systems Features Unlimited COA
Multi-Currency Multi-Companies Closing Periods Reporting Automatic Vouchering Compliant with (AAOIFI)
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Second Layer R E I N S U R A N C E UNDERWRITING & CLAIMS Policy Admin
Motor Marine & Hull Fire General Accidents Engineering Liabilities Policy Admin General Insurance
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Production (Underwriting) R E I N S U R A N C E Motor Fire GA Eng.
Underwriting & Claims Policy Admin Motor Marine & Hull Fire GA Eng. Liab. Policy Admin General Insurance Class/Minor Of Business Production (Underwriting) Serial Numbering Coverage's Fees Discounts Object Insured Condition Clauses Reinsurance XOL/Prop. Business Source Incoterms Zone Mapping Conveyance Type Payment TYPES Production Periods Automatic Vouchering
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Claim R E I N S U R A N C E Motor Fire GA Eng. Liab. General Insurance
Underwriting & Claims Policy Admin Motor Marine & Hull Fire GA Eng. Liab. Policy Admin General Insurance Class/Minor Of Business Claim Accident Types Settlement Types Claim Parties Vehicle Types Settlement Methods Repair Types Settled & Recovered Parties Recovery Types Spare Parts Bodily Injuries Damaged Parts
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Production (Underwriting)
R E I N S U R A N C E Underwriting & Claims Motor Marine & Hull Fire GA Engineering Liabilities Policy Admin Production (Underwriting) WORK FLOW General Insurance Policy Info. No Minor COB. Client Broker Validity Accounts Property Risk Type SI Veh/Fleet Prem. Fees Coverage Prem. Sum. Rate SI Discounts Add. Cov. Fees Total Prem. Endorse. Add Modify Cancel Renewal Automatic Vouchering
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Claim WORK FLOW R E I N S U R A N C E Marine & Hull Fire GA
Underwriting & Claims Motor Marine & Hull Fire GA Engineering Liabilities Policy Admin Claim WORK FLOW General Insurance Claim Info. Retrieval of Policy Info Claim No Accident Intimation Date & Time Vehicle (s) Descriptions Claim Responsibility Type Driver Info Claim Parties (Ins Material/Bodily TPM/TPB/Prop damg.) Damage Type Damage Parts Repair Orders Accident Doc. Image Estimated Loss Amt Recoveries Automatic Vouchering Outstanding Settlement Recovery
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Production (Underwriting)
R E I N S U R A N C E Underwriting & Claims Marine & Hull Motor Fire GA Engineering Liabilities Policy Admin Production (Underwriting) WORK FLOW General Insurance Marine Sub Classes Cargo Hull Open Cover Aviation Policy Info. Number Sub Class Client Broker Validity Accounts Property Risk Type LC details Conveyance descriptions Prem. Risk details Fees Coverage Prem. Sum. Rate SI Discounts Fees Total Prem. Certificates Open/Annual/ Land Cover Endorsement Automatic Vouchering
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Claim WORK FLOW R E I N S U R A N C E Motor Fire GA Policy Admin
Underwriting & Claims Marine & Hull Motor Fire GA Engineering Liabilities Policy Admin Claim WORK FLOW General Insurance Claim Info. Retrieval of Policy Info Claim Number Accident Intimation Date & Time Vessel(s) & Property Descriptions Risk Type Accident Type Estimated Recovery Automatic Vouchering Outstanding Settlement Recovery
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REINSURANCE WORK FLOW Underwriting & Claims Motor Fire GA Policy Admin
Marine & Hull Motor Fire GA Engineering Liabilities Policy Admin REINSURANCE WORK FLOW General Insurance Policy Info. Retrieval of Policy Info Premium details Fac. R/I allocation RE/In Co. RE/In % share Commissions Rate Net Premium Treaty R/I allocation Treaty number RE/In % share RE/In Amt Retention % Share Retention Amt Net Premium SI Automatic Vouchering
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Production (Underwriting)
R E I N S U R A N C E Underwriting & Claims Fire GA Engineering Liabilities Marine & Hull Motor Policy Admin Production (Underwriting) WORK FLOW General Insurance Policy Info. # Minor C. Client Broker Lawyer Surveyor Validity Accounts History Risk Risk location SI Deductibles Liability limit Prem. Fees Coverage Prem. Sum. Rate SI Discounts Add. Cov. Fees Total Prem. Endorse. Add Modify Cancel Renewal Automatic Vouchering
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Claims WORK FLOW R E I N S U R A N C E Marine & Hull Motor
Underwriting & Claims Fire GA Engineering Liabilities Marine & Hull Motor Policy Admin Claims WORK FLOW General Insurance Claim Info. Retrieval of Policy Info Claim # Accident Intimation Date & Time Cause of Loss Accident Type Estimated Recovery Automatic Vouchering Outstanding Settlement
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REINSURANCE WORK FLOW Underwriting & Claims Marine & Hull Motor
Fire GA Engineering Liabilities Marine & Hull Motor Policy Admin REINSURANCE WORK FLOW General Insurance Policy Info. Retrieval of Policy Info Premium details Fac. R/I allocation RE/In Co. RE/In % share Commissions Rate Net Premium Treaty R/I allocation Treaty # RE/In % share RE/In Amt Net Premium SI Procedures ADD MODIFY CANCEL Endorsement Automatic Vouchering
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Surplus Distribution / TAKAFUL
Third Layer Surplus Distribution / TAKAFUL
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Surplus Distribution / TAKAFUL
R E I N S U R A N C E UNDERWRITING & CLAIMS Architecture Motor Marine & Hull Fire General Accidents Engineering Liabilities Data Flow Integrated Business Layers Policy Admin General Insurance Set Up Accounting Clients Security Core Systems
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Surplus Distribution / Takaful
Defining Surplus Pools Corporate Pool Class(es) of Business Pool Distribution Methodologies Profit on Prem. % on Claim Profit on net Prem. X Distr. % Prem. X Distr. % X Claim % Prem. – Claim X Distr. % Net Profit T.Prem
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Surplus Distribution / Takaful
Auto Calculation Premiums Outstanding Settlements Auto Calculation Of Surplus Automatic Voucher Settlement & Generation Accounts Definition & Mapping Pool Revenue Expenses Distribution % Net Profit T.Prem Net Profit
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Thank You For Your Kind Attention
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