INSURANCE Products are distributed either via traditional networks (agencies and brokers) or through banking channels. In this case, particular attention is paid to the logistics of cash-matching and the depositing of premiums. Direct marketing channel is also supported through the management of online payments (Credit card, Paypal, other).
Administrative Management - Previnet, by using its in-house systems FOREMAST and TOPMAST, is able to manage the complete life cycle of the insurance contract, actively interacting with all parties involved in the administration process (banks, brokers, asset managers, policy holders, etc). The complete service range includes:
Securities Administration - As part of its service offer within the Insurance sector, Previnet also carries out back office activities and securities administration (for example, for unit linked and/or traditional life products) on behalf of the Insurance Company.
Accounting - Previnet is able to set-up and also maintain the Insurance Company account books. After carrying out all relative cross-checks and controls, Previnet processes accounting entries and, on a monthly basis, produces trial balance financial statements (Balance Sheet and P&L statement) for Company approval. Official accounting journals are also printed off at the end of each month.
Value-added Services - In order to complete its service offer, Previnet also provides the Insurance Company with 'value-added services', such as: electronic archiving, controlling of hard-copies as well as the printing, enveloping and mailing of policy holder correspondence.