Tia Risk-Based Saving can expand your product offerings by introducing a savings account into the Tia solution. Tia Risk-Based Saving is designed to support investment-based products and is extremely flexible. It can be configured to automatically trigger postings like new business, incoming payment, life events and periodic life batch runs to a customer’s savings account. These postings can be both online or in a scheduled batch such as premium contributions and monthly yield and cost. Tia Risk-Based Saving supports both Market-Based Interest and Unit Link investment systems.
This investment system allows you to you to define market-based funds (securities) used in Tia L&P, set up investment profiles, add specific calculation parameters and handle yield based on fixed rates.
This investment system makes it possible to attach a unit link investment to a policy, define funds, investment profiles and unit values on a daily basis. Each policy line has its own investment profile and allocation of premium is done according to the profile.
The related savings account will show monetary transaction such as incoming premium, paid benefits, costs and dividends. The related depository will display depository transactions. It is also possible to see the total depository value.
1. Features for generating net orders to the asset manager
2. Superb operational transparency
3. Out-of-the-box support for investment-based products
1. Staying competitive with new products and possibilities for life and pension products
2. Flexibility and automation for savings
3. Easy handling of investment profiles
Want all the nitty-gritty details that only true insurance software aficionados understand? Our experts at tia@tiatechnology.com stand by.
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