Competition in Insurance industry demands efficient business practices and smoother workflow. Cost structure is closely scrutinized, especially in the service industry where the executive’s time is valuable. For high transaction driven business, managers practice `management by exception’. Delegation to front-line staff to transact business and still maintaining control over operations is quite challenge for business leaders in insurance companies.

The Authorization component is FirstApex’s answer to the challenge faced by the insurance company which helps managers to delegate authority, and enforce necessary checks during data capture, especially for the transactions that have financial impact.

Through an effective centralized administration, the Authorization module enables decentralizing and automation of approvals and also ensure effective management control. By delegation of authority to the front-end staff, insurance companies can have faster turnaround time leading to enhanced productivity and higher customer satisfaction levels.

Key Benefits:

• Delegation with effective control
• Enforces complex Underwriting rules
• Ensures quality of Information
• Access rights for Users/Groups
• Different signing limits for taxation types
• Single Point Administration
• Mobility to Managers
• Off-line Request and Approval
• Enforces Financial Discipline
• Higher Productivity