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Athena from Bennett
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| Athena is a web-based insurance software bring together the latest technology innovations and specific business needs of insurance agents and brokers. Athena comes in two different flavors, one is life insurance software and the other is general insurance software. Though two different products, the common architecture is used making it very easy to integrate this as one product for organization users. |
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Policy LifeCyle Management - Life Insurance & General Insurance |
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Policy lifecyle is seperate in life insurance policies and varies in different types of general insurance policy.
The lifecycle management tool is automated for life insurance using the feeds from the various insurance companies and
for general insurance it has a quotation, proposal and lead management workflow. |
| Intelligent Quotation Management System |
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The QMS in Athena is designed keeping in mind the practical challenges faced by insurance broker.
Athena comes with a dynamic Quote Management that is customized as per the type of policies with options to electronically
capture quote. |
| Sales Force Automation |
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Athena acts as a CRM that covers the basic sales force automation allowing users to track prospect customers,
view existing customer portfolio and renewal alert features for repeat business.
The extensive reporting tools offer in-depth analytics features. |
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Commission and Financial Management |
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Especially in Life Insurance, the broker Commission structure is well-defined for products by the insurance companies.
Athena allows the broker to upload the broker commission structure mapping upfront and let the system do the entire financial management in terms of receivables.
The commission check utility allows the brokers to view and compare the receivables against the actual receipts and highlight the differences in easy to interpret formats.
The system also allows the brokers to input the commission payable to sub-brokers and agents along with the incentives payable to employees.
This ensures that the entire financial management in terms of commission payments and receipts are combined in a ledger format to understand the profitability for
a policy, a broker, branch, product line, timespan or any other indicator.
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Bulk Operations |
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Athena offers several options to migrate the policy or commission data in an excel format. |
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Renewal Management |
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Considered as an important source of business for the brokers, Athena treats Renewal Management in a unique way.
From renewal alerts to brokers and clients via SMS or Email to booking renewal appointment, the system captures every facet of policy renewal process.
The renewal commission, forecasts and renewal reports are additional tools given to broker to track renewal business effectively. |
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Claim Management |
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The claim module is complete workflow driven with options to configure your own claim stages.
The clients can file for claims online with alerts sent to the brokers, ability to upload the documentation and share the same with insurance company.
Clients can view the claim status online and the system sends the SMS or email alerts as soon as the claim stages are updated in the system. |
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Dynamic Reporting Tool |
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The dynamic reporting tool is an analytics engine that allows brokers to export, view or analyze Policy data in their own formats. |
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MIS Reporting Tool |
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Similar to the Dynamic Reporting tool, the MIS reporting tool offers business summaries in the user defined formats. |
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Athena Reporting Tools |
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In addition to the analytics reports, Athena offers a wide range of predefined reports commonly used by brokers. |
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Commission Reporting Tools |
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Similar to the other reporting tools, the commission reporting tool allows brokers to view and analyze commission data in a variety of formats |
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Renewal Reporting Tools |
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Like Commission reporting tools, the renewal reporting tools allows brokers to analyze the renewal information. |
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IRDA Reporting Tools |
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System generates the reports in IRDA specified formats. |
| SMS and Email Alert System |
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Depending on the workflow, the system sends a wide range of SMS and Email Alerts.
Alerts can be for a reminder for payment or a business summary sent to individuals or management daily or weekly. |
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Incentive Management System |
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System allows brokers to set the targets and specify the incentive formula using the incentive formula builder utility.
The system keeps a ledger of incentive earned, due and received for each employee with an option to do a posting to the payroll system. |
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Employee,Referral, Agents and Franchisee Management |
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The broker business is dependent of the various sources of business that can range from employees, franchisees or agents.
System allows the brokers to manage these sources with ease. |
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Extensive User Roles/Rights Management |
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Depending on the type of user, the system allows roles and rights to configured to ensure that data security is not compromised. |
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Policy Master and Particulars Management |
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The master creation admin utility allows the users to configure masters like insurance providers, products, policy types, commission structure, incentive structure, policy particulars, quotation format, claim stages, regions, zones, employees and customers. |
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Document Management |
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A dynamic document management system that tightly integrates with various modules allows organizations to keep all their documents in an easy to access, centralized and searchable format. All documents are tagged for quick retrieval and proper usage of the module ensures that organizations do not have to invest in excessive storage and avoids wastage of stationery. |
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Athena Advanced Features |
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In addition to the basic features of Athena, Bennett offers certain advanced features on request. To know more about these advanced features please contact our representative or simply click here to fill in your request for demo |
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