The KCI Policy WebstationTM
system is a web browser-based application for servicing life insurance
policies. It connects to administrative
source systems to provide real-time policy information over the intranet or
internet. This allows insurance
companies to provide timely, accurate advice to their policyholders.
With the KCI Policy WebstationTM
system, users can immediately perform policy inquiries, perform ‘what-if’
analyses, and print policyholder letters. Other capabilities include producing tax
related reports (e.g. recent MEC failures), and updating policies with special
handling alerts.
Inquiry
Inquiries include current policy
values (tax and non-tax related information) and a display of all policy
history. This enables an easy and
accurate response to questions like:
- “How much more money can I pay into my
policy?”
- “What is my current cost basis in the
policy?”
- “What will I get for a 1099 this year.”
What-ifs
What-if analyses can be performed
allowing you to evaluate the impact of:
- premium payments
- withdrawals / partial surrenders
- loans
- policy changes
- surrenders / 1035 surrenders
Typical questions answered by
“what-ifs”:
- “How much will my tax be if I
surrendered?”
- “What is the impact of my planned
reduction in coverage?”
- “How much money can I withdraw without
having to pay tax?”
Letters
The KCI Policy Webstation
provides automatic policyholder letter generation, merging policy information
into pre-defined letter formats.
All quote transactions utilize the KCI Tax ServerTM system, thereby subjecting the quote
transaction to 7-Pay Testing, Necessary Premium Testing, Guideline Premium
Testing, Recapture Ceiling, etc.
This distributed application
provides a web browser interface (deployable on intranet and/or internet), a business
object application server, and connections to sources of policy information and
the KCI Tax ServerTM system.
Reports
A variety of reports are available,
including:
- MEC failures
- DEFRA failures
- Tax Distributions (i.e. 1099s)
- Necessary Premium Test Failures
- Pending MEC refunds
User Alerts
Special handling alerts
can be added to policies to alert servicing personnel about special situations
related to the policy.
Technical
Features:
- Built in J2EE on IBM WebSphere®
- Integration with IBM MQSeries® messaging and relational
databases (e.g. DB2®, Oracle)
Design
& Source Code Option:
The Design & Source Code option
includes:
- Use cases
- Object models and diagrams (in UML)
- HTML, Java source code
Skills transfer, training, and
mentoring are also available.
The KCI Policy WebstationTM
and the KCI Tax ServerTM
systems are built by Koehler Consulting, Inc., a recognized leader in providing
component based solutions to the insurance industry.
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Koehler Consulting, Inc. |
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in the
Last updated: January
15, 2010