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Millennium® IC (Insurance Company)

Millennium® Damages - Millennium® Life

These products are specifically designed for Damages, Automobile and Life insurance companies: They include various systems which a company needs to perform and integrate its business activities:

  • Management System for all customers having relationships with the company: Millennium®'s CRM-Customer Database has, among other features, an integrated marketing module, which can perform many of the most common market analysis tasks.
  • IPM Products Generator and Management System which controls all insurance-related technical tasks.
  • Policies Portfolio Management System, which allows among other things:
    • The management of several product versions
    • The issuing of Appendices and Substitutions, including historical control
    • The automated management of relationships with intermediaries
  • Claims Management System, which provides among other things:
    • The automated control of technical and administrative coverings
    • The separate management of distinct parties
    • The management of possible appointments to surveyors and claims adjusters
    • The complete handling of the claim through various automated tasks
  • Premium and Claims Technical Accounting System, completely integrated with the two technical systems mentioned above
  • Passive Reinsurance
  • General Accounting, fed automatically by the Technical Accounting system (i.e: the batch originated by the insurance processes)
  • Analytical Accounting

The management of Millennium® Life's Portfolio gives companies operating within this line of business all of the basic features required to manage its typical processes and the possibility to sell more innovative products:

  • Collective Complex Policies
  • Unit & Index Linked Policies
  • Mixed Life-Damages Policies

Millennium® Life is also enhanced to work with the Italian new taxation system.