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What is SOLIFE?

VERMEG has introduced SOLIFE, a comprehensive policy administration system tailored for providers in the life and health insurance sectors. This advanced platform simplifies the entire process of managing new business operations, policies, and claims, incorporating features like cash management, event tracking, and seamless integration with accounting systems, while also overseeing distribution and associated fees. It effectively manages reinsurance, adheres to tax and legal regulations, provides specialized reporting, and enables efficient claims processing. Drawing on over twenty years of industry knowledge, SOLIFE utilizes a customer-focused approach and undergoes regular updates to stay in line with changing regulatory frameworks, including MiFID and PRIIPs. The system is engineered for digital processing through APIs and a responsive design, ensuring that users experience a contemporary interface. Its high level of automation not only reduces administrative costs but also includes a flexible product design workbench that accelerates time-to-market for new offerings. Additionally, the system supports various distribution models, allowing it to adapt to diverse business needs, thereby maintaining its relevance in a dynamic market. This adaptability not only helps insurance firms enhance their operations but also equips them to effectively tackle their specific challenges in an evolving landscape.

What is AURA NEXT?

Forecasting future developments can be quite daunting while remaining attuned to ongoing trends. To excel in the fiercely competitive life insurance sector, it is vital to adopt a strategic underwriting solution that caters to both immediate requirements and prospective obstacles. AURA NEXT transcends the capabilities of a typical rules engine; it functions as a cloud-native decision management platform that is geared for tomorrow. At the sales interface, AURA NEXT provides the most precise and thorough decisions promptly through data-centric underwriting and seamless integration with various front-end and back-end systems. As consumer preferences shift, having flexible and secure underwriting technology becomes essential to remain ready for upcoming demands. Built on the powerful Google Cloud infrastructure, AURA NEXT adeptly handles changing requirements, offers remarkable scalability, and integrates smoothly with established legacy systems while supporting diverse distribution channels. Its data visualization tools provide crucial insights, enabling the extraction of meaningful metrics and key performance indicators that inform strategic operational choices. As a result, organizations that employ AURA NEXT can bolster their competitive advantage and swiftly respond to the dynamic nature of the life insurance industry, ensuring long-term success. Moreover, embracing such innovative solutions will position them favorably amid ongoing market transformations.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

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

Vermeg

Date Founded

1993

Company Location

Netherlands

Company Website

www.vermeg.com/product-solife/

Company Facts

Organization Name

Reinsurance Group of America

Company Location

United States

Company Website

www.rgare.com/aura-next

Categories and Features

Categories and Features

Insurance Policy

Cancellation Tracking
Claims Tracking
Policy Generation
Policy Issuance
Policy Processing
Quotes / Estimates
Rating Engine
Reinstatement Tracking
Reinsurance Administration
Renewal Management
Underwriting Management

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