At the core of Simfuni is a robust policy management system to quote, create, manage, and monitor client's insurance policies. Simfuni then uses this information alongside billing details to calculate and charge premium payments, including creating payment schedules, invoicing, overdue notifications and more.
Policy details
Policies in Simfuni are made up of several key components:
-
Items
Specific assets or entities being insured under a policy, such as people, vehicles, properties, or equipment. -
Covers
Items may have one or more covers configured. -
Premiums
If products are configured with rate tables within Simfuni, premiums will be calculated automatically. For other products, premiums will need to be calculated outside of Simfuni and entered when required. -
Beneficiaries
Individuals or entities that are designated to receive benefits or payouts under the policy in case of a claim.
For more details on specific areas, refer to other articles in the Policy Management category.