The SAP for Insurance solution portfolio integrates your core insurance processes with back-office operations and customer-facing functions. It empowers you to deliver a complete set of innovative insurance products and a high level of customer service. So you can attain operational visibility and control, optimize customer relationships, and achieve profitability and growth.

SAP solutions support the core business processes of the insurance industry, including:

• Sales force management – Manage distribution channels, manage commissions, collaborate with partners, and capture new business.
• Claims handling and fulfillment – Capture claims information, evaluate claims, integrate service providers, and disburse payments.
• Treaty and facultative reinsurance administration – Forecast relevant figures for treaties, capture quotation data, and define parameters and conditions.
• Financial asset management – Administer investment portfolios, handle straight-through processing of financial deals and positions, and analyze portfolio performance, market exposure, and more.
• Collections and disbursements – Initiate and process premium billing, incoming and outgoing payments, dunning, and financial-closing operations.