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What is Intellimin?

Intellimin is an innovative insurtech platform powered by the cloud, specifically crafted for policy administration, which aids life and health insurance companies in streamlining and managing the entire policy lifecycle, ranging from application and underwriting processes to billing, claims management, and self-service options for customers. This comprehensive solution provides a cohesive system that allows both advisors and clients to complete applications, issue policies through automated underwriting and rule checks, and effectively manage modifications, payments, updates, and claims, all while ensuring complete transparency regarding policy history and communications in a single interface. Its multifaceted features include policy management, product development for the creation and ongoing support of insurance offerings, automated billing and financial oversight, commission management, group administration, and the organization of workflows and activities. All these aspects are designed to reduce manual efforts and accelerate service delivery, while also maintaining compliance with regulatory requirements. Additionally, the flexible design of Intellimin accommodates complex product offerings and a range of distribution channels, making it an essential tool for insurance companies eager to improve their operational productivity. With such capabilities, Intellimin positions itself as a game-changer in the insurtech landscape, empowering organizations to adapt swiftly to changing market demands.

What is Functional Finance?

Functional Finance acts as the pivotal mechanism for managing insurance billing and payments, efficiently handling the monetary transactions post-policy decisions. Situated between the policy management system and the general ledger, it expertly processes policy-related events such as bindings, endorsements, cancellations, and reinstatements while executing financial obligations with accuracy. This system skillfully manages billing, invoicing, payment collection, cash application, treasury routing, and payables for distribution partners, accommodating diverse models including agency billing, direct billing, installments, and premium financing. Payments are meticulously applied at both the policy level and individual line items, ensuring that commissions and remittances are consistently aligned while providing a clear audit trail for each transaction. As a result, this creates a financial operations framework that is inherently aware of policy specifics, replacing cumbersome manual reconciliation processes with streamlined, scalable practices that significantly boost operational efficiency. The seamless integration of these functionalities not only enhances reliability but also promotes a transparent financial landscape within the insurance industry, ultimately contributing to improved stakeholder trust.

Media

Media

No images available

Integrations Supported

DXC Cloud
Microsoft 365
Oracle Cloud Infrastructure

Integrations Supported

DXC Cloud
Microsoft 365
Oracle Cloud Infrastructure

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Intellimin

Company Location

Australia

Company Website

www.intellimin.com

Company Facts

Organization Name

Functional Finance

Company Location

United States

Company Website

functionalfi.com

Categories and Features

Categories and Features

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