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What is SohamLife?

SohamLife is a fully online platform that manages the complete insurance operation life cycle, addressing everything from the initial registration of proposals to the finalization of claims, whether for death benefits or maturity payouts. This solution prioritizes user experience, providing insurers with crucial flexibility and scalability while ensuring a quick setup and deployment. Both agents and policyholders can effortlessly monitor the status of proposals, policies, and claims via an intuitive interface. By facilitating smooth integration across the Underwriting, Claims, Reinsurance, and Accounting departments, it significantly reduces data duplication. Furthermore, the platform complies with both international standards and specific national regulatory requirements for operational processing and reporting. SohamLife accommodates various currencies and languages, which enhances its usability and effectiveness in different markets. This all-encompassing, integrated, and component-based solution optimizes essential business processes, ensuring that information entered in one part of the system is universally updated across all components, ultimately fostering a more efficient insurance operation. The platform's versatility makes it an appealing choice for businesses seeking to modernize their insurance processes.

What is Data Vera?

Data Vera, developed by CATEX, is a comprehensive binder management solution aimed at addressing the challenges faced by insurers and brokers utilizing disparate data sources. It seamlessly integrates data management and storage, ensuring uniform access and reporting capabilities across various business lines. Key features include the ingestion and normalization of bordereaux data, which allows for efficient management of large files without the complexity of traditional templates. Additionally, the platform incorporates automation and machine learning elements that enable it to adapt over time, providing automatic data corrections in subsequent uploads, thereby improving operational efficiency. The solution is also equipped with robust program management capabilities for both incoming and outgoing operations, facilitating the consolidation of policy and claims data at the program or facility level and supporting diverse reinsurance frameworks, including treaty, facultative, and proportional arrangements. Furthermore, its accounting module is tailored to produce a customized general ledger that aligns with the unique needs of each organization, offering features for levy and tax accounting, ensuring thorough financial oversight. With these advanced functionalities, Data Vera signifies a major step forward in the effective integration and management of data within the insurance sector, ultimately transforming how industry professionals handle their operational processes.

Media

Media

Integrations Supported

Additional information not provided

Integrations Supported

Additional information not provided

API Availability

Has API

API Availability

Has API

Pricing Information

$250 per month
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

Dream Tekis Software

Date Founded

2005

Company Location

India

Company Website

dreamtekis.com/life-insurance-software/

Company Facts

Organization Name

Catex

Date Founded

1994

Company Location

United States

Company Website

www.catex.com/data-vera-for-binder-management/

Categories and Features

Insurance Agency

Claims Management
Commission Management
Contact Management
Document Management
Insurance Rating
Life & Health
Policy Management
Property & Casualty
Quote Management

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