Insurance

GlobServ is a partner of MphasiS, an international IT company with $1 billion in revenues and 38,000 employees. As a comprehensive and universal solution, Wynsure manages all insurance lines of business and covers all process domains.

Wynsure regularly gets outstanding assessments in major analysts' reports. For example, Celent believes Wynsure is a good choice for most insurers in North America, including large group carriers, and through its 25-customer basis, has been proven to enhance the business of leading insurers across the world.

Wynsure efficiently manages end-to-end processes with business capable rules configuration and straight through processing, thus ending the need to maintain multiple outdated legacy systems. Its multi-language and multi-currency capabilities ensure its use across regions; moreover, Wynsure covers all functional needs of an insurance player.

Wynsure deployment has flexible options including a web portal which allows customization of graphical interfaces and helps customers manage operations and distribution in a simple manner. It also offers all features of self-service capabilities for online subscription, contract management, claim declaration, etc.

Functional domains

Product Factory: Maximum flexibility for a diversified product portfolio and reduced time to market

  • Business staff can create new products or adapt existing products without intervention of your IT department

  • Support coverage of all lines of business

  • Test products in a test environment before delivery

  • Have products immediately available to sell to customers

Quotes: Faster response times to transform your sales

  • Deliver quotes to prospects

  • Manage the prospect's portfolio for the sales team

  • Reuse known data at enrollment

Policy: Comprehensive functionality for a complete management of the policy lifecycle

  • Manage policy through the whole cycle

  • Design contracts automatically from product configuration

  • Easily manage future and back-processing

Claims: Enhanced usability for optimized processes

  • Manage claims through the whole process from declaration to payment

  • Manage declaration of loss, benefit definition, and calculation

  • Automatically propose the concerned coverage

  • Deliver output of claims payment to the General Ledger

Billing and Accounting: A precise flow tracking for a better control of risk

  • Offer view of account per contract

  • Manage billing according to product specifications, by batch or manually

  • Manage the lapsing process and installments

  • Support retroactive billing mechanisms for endorsements

  • Support billing-specific features for group life

Commissions: A powerful tool to manage various distribution models

  • Manage commission contracts and relationships with brokers

  • Support unlimited levels of agents and agencies

  • Manage hierarchy among all parties involved

Reinsurance: A fully integrated module

  • Manage relationships and ceding treaties involving several reinsurers with different levels of involvement

  • Support reinsurance processes for both the ceding part and the reinsurer

  • Define rules of eligibility, reinsurance limits, cessions, etc.

Service Management: A customer-focus application for a better service quality

  • Get access to all client information, across all distribution channels. A user interface was especially created for call centers

  • Manage history, contracts, billing, accounting and generate reports by batch

Lines of business

An Integrated Solution for your Life Insurance Needs

Developed in partnership with leading insurers, Wynsure puts the tools you need in the hands of the business users. Wynsure Life provides full insurance administration processing for Carriers, TPAs, Agents, and Employer Groups. The integrated modules for Proposal, Customer Care, Product Workbench, Policy Administration, Claims, Billing/Accounting and Commissions can be implemented as a full system or as individual domains, allowing your system to grow with your business.

Full web access allows Agents/Brokers and Employer Groups to manage their own accounts, bills and employee census files.

Discover why other Wynsure clients have increased productivity by 40% and measured significant improvements in client satisfaction scores through an integrated system engineered to fit your business.

Features:

  • Available in all 50 states and Canada

  • Full web access

  • Multi-language

  • Multi-currency

  • One of the most scalable solutions on the market

An Integrated Solution for your Property & Casualty Insurance Needs

Like our other modules, Wynsure P&C was developed in partnership with leading insurers, offering complete Commercial and Personal Lines administration processing for carriers. The integrated modules for Proposal, Customer Care, Product Workbench, Policy Administration, Claims, Billing/Accounting and Commissions can be implemented as a full system or as individual domains to meet your current and future needs.

Wynsure provides full versioning, which allows you to endorse the policy at any point in time (including out of sequence). It also manages all policy versions.

Features:

  • Available in all 50 states and Canada

  • Full web access

  • Multi-language

  • Multi-currency

  • One of the most scalable solutions on the market