The EWMS InsuranceAdministration System

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Agenda

Total Financial Management & Insurance

The EWMS Insurance Administration System: - Overview- Features & Functionality- Demo- Roadmap

Total Financial Management & Insurance

A Platform Designed to Enable TFM

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Services Financial Planning, Portfolio Management, Reporting, Tax & Estate Planning, Risk Management

Banking

Products Wealth

Insurance

A Multi-Segment Distribution Platform

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TFM Requires a Strategic Focus on Advisors

The Univeris Advisor Vision:

To enable financial enterprises and their Advisors with Canada’s most comprehensive and powerful front office platform

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What Univeris Does for Advisors

1. Drive practice efficiencies in their day-to-day operations

2. Help provide enhanced service levels to existing clients

3. Identify product sales opportunities to grow their book-of-business

4. Support their role as the trusted advisor

The EWMS Insurance Administration System

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The EWMS Insurance Administration System

•A comprehensive approach to insurance administration:― Drives operational efficiencies and business capacity― Brings an innovative approach to insurance administration

workflow― Enables revenue-growth strategies― Strengthens the wealth firm’s brand and drives competitive

advantages― Built to help advisors better track, manage and grow their

insurance business― Leverages EWMS’ compliance management to manage increasing

regulatory requirements― Enables a point-of-sale model

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A System Designed to Help Insurance Distributors & Advisors

•An insurance system can drive competitive advantage for firms:

―Recognize that insurance distributors are facing rising operational and administration costs

―Allows firms to build insurance into their TFM strategies to drive business growth

―Build an insurance administration system around the advisor enabling consolidated services

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The Benefits for Insurance Distributors

• Brings the best wealth distribution technology to insurance processing operations

• Enables true TFM strategies

• Provides a more efficient workflow to drive operational efficiencies and reduce administration costs

• Improves and consolidates commission tracking and payout

• Powerful management reporting to support strategic decision-making

• Enables a point-of-sale model

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The Benefits for Insurance Advisors

•Arms insurance advisors with a true front office solution that helps them better track and manage their book-of-business

•Provides web-based, real-time and 24/7 access to complete client and policy information, helping advisors provide enhanced levels of client service

•Reduces the time required for administration so they can focus on client service and revenue generation

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The EWMS Insurance Administration System: Features & Functionality

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Key Features and Functionality

1. Intelligent insurance administrative workflow

2. 24/7 access to client and policy information

3. Electronic Paramedical feed

4. Electronic Carrier feed

5. Detailed and customizable management reporting

6. Accurate & timely commissions tracking

7. Integrated document tracking & imaging

8. Consolidated client statement

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Intelligent Insurance Administrative Workflow

• Data-entry and processing workflow mirrors the data input process of insurance applications, as designed by the carrier

• Includes all 3rd party vendor info:― “Vendor of choice” option

Benefits:

Streamlines and makes the process up to 50% more efficientSaves administration time & costs Increases Advisor and client satisfaction

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24/7 Access to Client and Policy Information

• Real-time and web-based• No downloading• “Bank grade” 128-bit encryption

Benefits:

Provides faster access to dataLets Advisors spend less time on the phone searching for the informationHelps provide faster response to clients and enhance client service experience

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Electronic Paramedical Feed

• Scheduled process for automatic paramedical ordering

• Uses CLIEDIS standards of information requirements

• Integration to paramedical provider “vendor of choice”

• Allows tracking of paramedical services

Benefits:

Streamlines and expedites the paramedical processEliminates having to call orfax in the order or having tore-enter on paramedical web siteSaves administration time & costs Helps speed up application processing and increase client satisfaction

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Electronic Carrier Feed

• Uses CLIEDIS standards for Pending Business

• Automatic load of carrier pending file and update of policy status in EWMS

― Pending to Underwriting― Underwriting to In-Force― Notifications of Declines

• Exception handling of unmatched pending files

• Can act as a business conversion tool

Benefits:

More detailed notificationof stages of policy statusEliminates phone calls to carriers based on status requestsEliminates need for manually updating a policy based on paper or e-mail notificationIncrease service to advisorsand clientsHelps Insurance Distributors integrate new blocks of business more quicklySaves administration time & costs

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Detailed and Customizable Management Reporting

• Customized to meet individual requirements

― Administrative― Client Portfolios― Commissions

Benefits:

Provides MGA with the “big picture” of the businessSupports strategic decision-making

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Accurate and Timely Commissions Tracking

• Ability to generate consolidated statements combining both Mutual Funds and Insurance:

― Multi-code functionality― Tracks FYC, bonuses, renewals and

charge-backs― Overrides splits and percentages

Benefits:

Provides thorough insight into commissions structureSupports strategic decision-making

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• Enhanced document management allows storage at both client & policy level

• Imaging Integration• Multi repositories for storage (Ins.

Distributor, Branch or Broker)• Foundation for electronic document

transmission (working with CLIEDIS)

Integrated Document Tracking & Imaging

Benefits:

Enables a paperless environmentMinimizes the risk of lost filesRemoves the need to switch between older or legacy systems

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• Provides a consolidated report of client’s investments and insurance holdings

• No manual retyping of data required• Available instantly at a click of a mouse

Consolidated Client Statement

Benefits:

Eliminates the need for having to manually recreate consolidated client reportsReduces errors which occur due to manual retyping of dataReduces administration time and increases operational efficiencies Enhances client serviceHelps grow share-of-wallet