No matter the size of the company, from small organizations to the mightiest one, GLIMS caters for its needs and operations: Multilingual translation on the same reportīeing internationally deployed, GLIMS caters for several country’s regulations and rules, and more precisely: Letters, renewal letters, claims letters, can be done in the user or customer preferred language Two base language for data: All description (names, addresses, etc) can be defined in the main language and secondary language Simultaneous session between languages & alphabet: English, French, Arabic, etcĪll labels are user defined and maintained Through its multi currency capabilities, GLIMS furnishes the system administrator with the following:Īll amounts are saved in two base currenciesĮxchange rates are updated automatically on daily basisĮnd of year difference of exchange adjustmentĪll reports shows amounts in both currenciesīy its multi-lingual capabilities, the following can be achieved: GLIMS is a fully GUI user friendly system. The Units Accounting provides a full management for the unit linked policies, where a part of the premium paid on a policy is going to be invested in one or more funds, according to a predefined investment plan Key Features The General Ledger and Accounts Payable modulereflects on line and in real time, via accounting vouchers according to a predefined chart of account, all the financial figures derived from every insurance operation processed by the technical departments on the insurance company. Treaty’s accounts are updated on line real time. The Management of Reinsurance module accommodates all types of treaties, proportional, Excess of loss and facultative placement. The Management of Claim module processes all types of claims: Motor, Marine, Fire, Death, Maturities, Surrenders, Waiver, etc…Ĭlaims are tracked from the reported date till the closing of the claim, according to pre-defined company’s workflow. It allows the definition of several direct commissions’ and override schemes by class of business, products and covers. The Management of Commissions module provides a flexible solution for agents/brokers commissions. Bank transfer), Standing orders and claim’s credit note. It manages all method of premium payments such as Cash, Cheque, Direct Debit (i.e. The Premiums and Receivables module handles each policy’s bills from issuing till settlement. It handles several life products such as Fixed Term Life, Increasing/Decreasing Term Life, Investment Plans, Whole Life, etc… Through this module, policy holders’ investment is well managed and maintained. The Policy Maintenance Life module manages the lifecycle of life insurance policy from inputting a proposal until its maturity. The Policy Maintenance General module handles the various casualty and property line of business such as Motor, Marine Cargo, Marine Hull, Fire, Burglary, Personal accident, Cash in Safe, Cash in Transit, Workmen Compensation, Engineering, Travel, Bankers Blanket Bond, etc… It also allows easily the system administrator to define a new class of business and new products. The Client and Intermediaries Administration module handles the physical and moral persons dealing with the company such as policy holder, insured, agents, intermediaries, service providers, doctors, expert, loss adjustors, banks, mortgagees, etc. GLIMS is a set of modules seamlessly integrated, giving the insurance company a competitive edge by having its daily information fully disseminated and on line updated.

Glims definition