What does Ingenium do?
Ingenium is a policy administration system primarily used for life, annuity, and disability insurance. It manages the entire lifecycle of insurance policies, from initial application and underwriting to claims processing and policy termination.
Is this a system, application, or tool?
Ingenium is an application, specifically a policy administration system. It provides a comprehensive set of features for managing insurance policies and related processes.
What types of organizations use this?
Ingenium is suitable for insurance companies, particularly those dealing with life, annuity, and disability policies. It is often used by mid-sized to large enterprises that require a robust and scalable policy administration system.
When should we consider Ingenium?
A company should consider Ingenium when they need a comprehensive system to manage their life, annuity, and disability insurance policies. This includes managing policy applications, underwriting, billing, claims, and customer service.
What are the alternatives to Ingenium?
Alternatives to Ingenium include systems like Cyberlife, FINEOS Claims, and SAP for Insurance. These systems offer similar policy administration capabilities, but may differ in terms of platform support, specific features, and integration options.