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AIMS Functions

AIMS is consistent of the main functions of:
Underwriting, Claims, Reinsurance, Coinsurance, Marketing, Management statistic, Accounts, Auto-Link of Insurance/Reinsurance and Accounts.

AIMS UNDERWRITING Functions

1) Processing of all types of policies with all basic, financial and insurance details.
2) Each policy can have open number of additional clauses, conditions, and perils, subject matters insured, locations and risks.
3) Provision of the endorsement that can do multi-changes on-line” just by pressing a key” to the original policy so that the policy is ever up-to-date.
4) Provision of prints out for policy schedules, Debit/Credit notes, receipts, renewal reminders, underwriting registers.

AIMS CLAIMS Functions

1) Processing of claims intimations enhanced with powerful validations and cross checking with the up-to-date policy.
2) Provision of accurate and historical outstanding, multi-payments and recoveries, analysis of payments type-wise, payee-party-wise.
3) Processing of claims stages, third parties, cases, discharges, closing and reopening.
4) Provision of prints out for payment vouchers, checks, Debit/Credit Notes, discharges, registers for intimated, outstanding and settled claims.

AIMS Reinsurance (R/I) & Coinsurance functions

1) Processing of proportional and non-proportional treaties, facobligatory and facultative cessions.
2) Provision of on-line periodic reinsurance statement of account on clean-cut or underwriting year principle. Profit commission statements and XIL premium adjustment statements are provided as well.
3) Provision of prints out for cover notes, R/1 slips, payment/loss advises, statements of R/I accounts, portfolio analysis, repartitioned and recapitulated R/l Bordeaux for underwriting and claims, risk profiles and risk accumulations.

AIMS ACCOUNTS Functions:

1) Processing of General Ledger, Payables & Receivables.
2) Processing of highly flexible chart of account, Budgeting, Foreign currencies, Aging analysis, on-line customer's statement of account.
3) Provision of prints out for statements, comparisons, vouchers and notes, final accounts reports and user-defined reports.

AIMS Auto-Link of Insurance/Reinsurance & Accounts Functions:

1) Automatic and on-line "just by pressing a key" creation of R/l allocations for each transaction in underwriting and claims departments with facility to modify the automatically created R/I transactions.
2) Automatic and on-line creation of accounting transactions effected by every transaction in underwriting, claims and reinsurance departments with the facility to audit the automatically created accounting transactions.

AIMS Philosophy of Design

1) Arabic and / or English, 2 or 3 decimal places, multi-branches, multi-currencies.
2) Provision of consolidated loss ratio reports for policy, customer, location, subject matter insured, peril, branch, agent, class of business, reinsurer, underwriting year.
3) Provision of complete set of documentation and powerful layers of security.
4) Real on-line operation where every transaction affects promptly without need to use posting (batch) mechanism.

AIMS Technology is the Latest

1) AIMS is designed with the flexibility being key feature.
2) AIMS is based on the latest technology from ORACLE Relational Database Management System (RDBMS) and windows environment with real MULTI-TIER architecture.