Xuber Solution Overview

Xuber for Insurers

You insure, we ensure you can.

Xuber for Insurers is configurable and flexible across the full insurance policy life cycle from Submissions and Quotes through Policy Administration, Claims Management to Ceded Reinsurance Recoveries and Credit Control.

Xuber supports all major lines of business including specialty and niche lines handling, international lines, the London Market and Lloyd’s business lines.

Xuber solutions for Insurers. Designed by insurance professionals, for insurance professionals.

SolutionChallenge Benefits

How can I expand my channels to market capability?

How can technology solutions help me to grow my business?

How can I avoid data duplication and retain the integrity of my data?

How can I increase operational efficiency and realise cost savings in my business?

How can I effectively manage my legacy applications and lower operational cost?

Support multiple channels to market including portals, web access and mobile

Power to configure data elements, business processes and look and feel of the user interface

Standard Product templates to reduce your implementation time and the tools for you to become self-sufficient

Reduced risk of transition from legacy systems due to proven migration approach

Single common data model across all components eliminates need to rekey business information

Configurable data validation, defaulting rules, business rules and workflow ensure that data can be controlled and validated at multiple points

Software matches customer’s operating model. Improvements through automation

Flexibility to integrate with business needs

Improved performance from global uniformity

Competitive advantage and leadership from configured technology

Speed of reaction to business and market change

Scalability to respond to mergers and acquisitions

Ability to operate multi currencies and multi regions

Functionality that enables business growth

Reduced costs from single system implementation

System tools tailored to suit your business model

Reduced risk via proven methodologies

Industry expertise from specialised knowledge and technical staff

We have unrivalled configurability and functionality – Xuber combines the choice offered by the componentised approach with the seamless integration afforded by the end-to-end approach.

Xuber for Insurers

Four components, Xuber Policy, Xuber Claims, Xuber Billing and Xuber Ceding can be deployed separately or as a fully integrated end-to-end solution. Xuber for Insurers is a world a class, best of breed solution evolved from our well known software suites, Genius, Iris and Elgar.

Xuber Policy

Feature rich functionality for insurers from pre-bind submission and quote management to full post bind processing, transaction management and policy administration. Supporting all major non-life lines of business, including Speciality and niche lines for London and global markets, Xuber Policy handles multiple classes and the most complex policy structures.

Xuber Claims

A fully-integrated claims management solution with embedded workflow to optimise, automate and measure each stage of your business process. With inherent flexibility, Xuber Claims provides a streamlined, efficient user experience.

Combined with support for London Market messaging and the ability to integrate with third party systems for litigation and fraud management, Xuber Claims delivers unbeatable benefits across the lifecycle.

Xuber Billing

A comprehensive technical ledger for the effective management of all billing and cashbook activities. Capable of processing electronic financial notifications and transactions and maintaining multiple currencies and legal entities, Xuber Billing supports all sources of financial data processed by the business across the billing lifecycle. A standard general ledger integration ensures a seamless, auditable link between financial transactions and physical cash movement.

Xuber Ceding

A comprehensive, fully ceding reinsurance recovery solution. Automatic attachment of inwards to outwards policies and the creation of real-time premium and claim cessions deliver complete proportional reinsurance management capability.

Xuber Ceding calculates recoveries on even the most complex excess of loss treaties allowing you to comprehensively manage the full gross to net ceding lifecycle in a single integrated solution.

Workflow

Insurance Directory

Reporting & Dashboards

Business Services

Messaging

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Underpinned by a shared service-oriented architecture and common data model, our solution offerings are comprised of technical components that deliver core business functionality and reusable common assets. Our modular approach and standard integration framework allow components to operate seamlessly together, or standalone, while maintaining full functionality.

Underpinned by a powerful Platform

Policy BillingClaims Ceding

To find out how our solutions can help your business today or to register for a demo, please contact us at xuber.com

Powerful design studio with central administration

Configurable product capability & business rules

Central insurance data directory for names management

Seamless & integrated workflow management

Document management support & document production

Distribution channel support

XUBER COMPONENTS

KEY FEATURES

Underwriting• Submission&quote

processing

• Name&submissionclearance

• Quotemanagement

• Rating&benchmarkingsupport

• Bindprocessing

Policy Administration• Policy management

• Programmes,lineslips& declarations support

• Terms&conditions

• Policyissuance

• Premiumprocessing

• Mid-termadjustments&renewals

• Co-insuranceprocessing

• Statisticalfinancialtransaction management

Claims Management• Full claims life cycle

management

• FNOL&coverageverification

• Casemanagement

• Fasttrackautomation

Claims Processing• Claimstransaction

management

• Claimsdatamanagement

• Aggregates&deductibles

• Salvage&subrogationmanagement

• Paymentterms&schedules

• Reserves&paymentprocessing

• Litigationmanagement

• Co-insuranceprocessing

Ledger and Billing Solution• Accountdatamanagement

• Accountmanagement

• Receipts,payments&allocations processing

• Bankreconciliationsprocessing

• Periodendprocessing

• Paymentprocessing

• Statement&invoiceprocessing

• Cash,journals&transfermanagement

• FXgainloss

• Co-insuranceprocessing

• CommutationProcessing

• GeneralLedgerIntegration

Proportional Treaty• AutomaticRIattachment

• Cededreinsurancemanagement

• CededRIdatamanagement

• ProportionaltreatyRIcalculation processing

• FacultativeProportionalRICalculationProcessing

• Portfoliotransfer

• Securityprocessing

• CededRIstatementprocessing

Excess of Loss Treaty• Facultativenon-proportional RIcalculationprocessing

• Non-proportionaltreatyRIcalculation processing

• Commonaccount

• Commutation

Policy Claims Billing Ceding

Third party integration&standardbusinessservices

Tailoredreporting&real-time data dashboards

MessagingserviceswithACORD standard compliance

Multi-currency,multi-company,multi-language

Lineofbusinesstemplatesforworkflow, data & UI

Insurableinterestssupport/Single common data model

Key features

Xuber for Insurers uses our four components which can be deployed separately or as a fully integrated end to end solution. All Xuber components share the same Database simplifying and standardising reporting and management information.

Xuber Malaysia Unit 2B-2-1, Plaza Sentral,

Jalan Stesen Sentral, KL Sentral, 50470 Kuala Lumpur, Malaysia

+91 (0)78382 43333 team@xuber.com

Xuber India 271 Udyog Vihar, Phase-II,

Gurgaon-122016, India +91 (0)78382 43333

team@xuber.com

Xuber USA 200 W. Adams, Suite 1175,

Chicago, IL 60606, USA +1 877 288-3333

team@xuber.com

Xuber UK Headquarters

34 Leadenhall Street, London, EC3A 1AX, UK

+44 (0)20 3604 3333 team@xuber.com

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