Meet SID

Our fully integrated, core software solution SID, gives accurate and immediate access to insights across the entire policy lifecycle and all P&C product lines.

To help you overcome complexities and navigate change, the comprehensive platform is highly configurable and designed to streamline and optimise every aspect of P&C insurance operations.

It supports any underwriting model. Business can be written direct, on a reinsurance or coinsurance basis, and subscribed under a binder in any currency, any language, and through multiple levels of intermediaries.

Whether you are large or small, local or global. No matter how complex the process. SID can help you succeed and scale with effortless efficiency.

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Why choose SID?

Cost efficient and fast implementation 

The comprehensive nature of the solution means that SID can support even the most complex insurance transactions and workflows – from underwriting to integrated policy, claims and finance administration.  

As a web-based platform, SID is quick to set up and flexible enough to adapt to the specifics of your business. It runs on-premises or in the cloud – all you need is a browser, making it suitable for large or small, local or global businesses alike.  

You won’t be starting from scratch. SID has evolved over two decades to meet the ever-increasing demands of the market and offers a wide range of functions and templates for companies of all sizes. These make deploying the system, designing processes and launching products highly efficient, with very little coding required.  

Robust risk management

SID helps you manage risk and reputation, so you don’t need to fear the consequences of getting it wrong.

Data validation at every step ensures the integrity of information. Combined with comprehensive reporting options, you can be sure to make the right decision based on accurate data and insight.

Stringent security controls ensure access to activities, tasks, and information – including who can issue policies, quotes, pay claims, and more – is only available to authorised users.

SID administrators can set permission levels and enable two-factor authentication for even more control over system native and API users.

Scalable and futureproof

Navigating change isn’t easy but is inevitable. The flexible and highly configurable nature of SID means it can grow and adapt alongside your business needs – now and in the future.

It can support not only current requirements but is ready to scale up or down as you need new capabilities or to quickly respond to market or regulatory changes.

Whatever the requirement, SID can adapt and deliver, futureproofing your investment.

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Key features and benefits

SID’s extensive functionality covers all core areas of P&C insurance operations.

Product configuration capabilities

Accelerate your go-to-market strategy with SID. Our platform lets insurers design, customise, and launch new insurance products quickly and efficiently. With flexible product configuration tools, you can adapt to market demands, regulatory changes, and customer needs with ease while maintaining a competitive edge.

Integrated rating engine

Utilise the powerful rating engine to develop and implement sophisticated rating algorithms. This feature supports complex rating structures and real-time calculations, ensuring precise pricing and risk assessment for various insurance products.

Submission and quotation management

Streamline your submission and quotation process with comprehensive tools. Manage submissions efficiently, generate accurate quotations, and track the entire process from initial request to final approval, enhancing productivity and customer satisfaction.

Policy administration

The robust policy management system lets insurers efficiently handle policy creation, renewal, endorsements, and cancellations with ease. Its flexible architecture adapts to various lines of business, ensuring seamless integration into existing workflows.

Claims processing

Simplify claims management with SID’s intuitive claims processing functionality. From first notice of loss to settlement, our platform streamlines the entire claims lifecycle, optimising efficiency and enhancing customer satisfaction.

Intelligent underwriting

Make informed underwriting decisions with advanced analytics and underwriting tools. With access to vast data sources, insurers gain valuable insights into risk assessment, pricing models, and market trends.

Billing and payments

Simplified billing and payment processing lets insurers automate invoicing, premium collections, and reconciliation tasks. With flexible payment options and customisable billing cycles, managing financial transactions has never been easier.

General ledger staging area

Enhance financial accuracy with SID’s general ledger staging area. This feature allows insurers to review and validate financial transactions before they are posted to the general ledger, ensuring data integrity and facilitating smooth financial reconciliation processes.

Regulatory compliance

Stay ahead of regulatory changes and compliance requirements with built-in regulatory monitoring and reporting features. Our platform ensures adherence to industry standards and regulatory mandates, minimising compliance risks and penalties.

Scalability and integration

Designed for scalability, SID seamlessly integrates with third-party systems and legacy platforms, facilitating data exchange and interoperability. Whether it’s CRM systems, accounting software, or external data sources, the platform adapts to your evolving business needs.

User-friendly interface

SID prioritises user experience, offering an intuitive interface designed for efficiency and productivity. With customisable dashboards, role-based access controls, and mobile compatibility, users can access critical information anytime, anywhere.

Continuous innovation

We are committed to staying ahead of the curve by continuously enhancing SID with the latest technologies and functionalities, keeping our clients at the forefront of industry trends.

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Navigate the future

Looking for a core platform solution for your complex insurance needs? Let’s chat.

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