Individual Products

FIMMAS supports both individual and group products on the same flexible system.

New Business processing provides functions for streamlined entry of information about new applications, validation of new data, preparation of issue documents, commission advance, correspondence, and placing the coverage in force.

The FIMMAS underwriter workstation provides streamlined access to underwriting tasks.

Policy Administration enables customer service personnel to provide assistance to a company's policy owners, insureds, agents, and beneficiaries. All Policy Administration functions are designed to be interactive and immediately update the entered information in master files and record the history. All processing is real-time, on-line. No batch cycles are required.

FIMMAS Billing Administration creates billing extracts, prints notices, and updates master files, based on user-maintained rules for billing. Billing rules include the number of notices per billing cycle, the timing of notices, the header information for notices, and whether or not payment is required to keep in the policy inforce.

FIMMAS allows each policy to be associated with multiple writing agents, with up to ten agent splits. Writing agents can be in a reporting hierarchy of up to nine levels. The number of levels can be easily modified.

In addition to standard FIMMAS reports, new reports can be created through the FIMMAS reporting module or any third-party reporting tool that is ODBC-compliant.

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