ACSEL

ACSEL Suite is a set of collaborative modules designed by Consis International to provide insurance software solutions. According to the vendor, it supports the core activities of insurance carriers, including policy management, sales channel management, billing and collection, claims management, coinsurance, reinsurance, and accounting. ACSEL Suite is said to be suitable for insurance companies of all sizes, from small enterprises to large corporations. It is utilized by various professionals and industries, including insurance professionals, brokers and agents, underwriters, claims adjusters, and risk managers.

Key Features

According to the vendor, ACSEL Suite offers comprehensive policy management functionality for all lines of business, supporting the entire policy life cycle from quote to renewal. It includes configurable business rules and processes for efficient policy administration.

The vendor claims that ACSEL Suite provides flexible configuration options for effective management of various sales channels, including agents, brokers, bancassurance, and digital channels. It is said to facilitate commission scheme management, policy generation, and integration with CRM systems for streamlined sales and customer management.

According to the vendor, ACSEL Suite provides configurable billing and invoicing processes based on distribution channels and payment plans. It supports multiple payment modes and integrates with accounting systems for seamless financial transactions, including accounts receivable and payable management.

The vendor states that ACSEL Suite incorporates a robust claims management functionality that covers all lines of business. It includes a workflow engine for efficient claims processing, configurable business rules, and integration with third-party services such as loss adjusters and expert appraisers.

According to the vendor, ACSEL Suite supports both accepted and ceded coinsurance, allowing for the administration of co-shares and commissions across different companies. It automates transactions and accounting entries for coinsurance agreements, facilitating reconciliation and set-off among insurance companies.

The vendor claims that ACSEL Suite offers comprehensive reinsurance management, including proportional and non-proportional reinsurance. It allows for the configuration of reinsurance treaties and templates, administration of facultative reinsurance, and automatic distribution of policies and claims based on reinsurance agreements.

According to the vendor, ACSEL Suite enables the generation of insurance entries and posting to ledgers. It allows for the configuration of accounting systems and rules, as well as the calculation and generation of accounting entries based on transactions. Reserves management, including premium reserves and claim reserves, is also included.

ACSEL Suite integrates with a mobile platform, according to the vendor, providing employees, clients, and sales channels with mobile functionalities such as queries, quotes, inspections, policy issuance, and claims management. It offers offline functionality for certain transactions, automatically synchronizing data when connected.

The vendor claims that ACSEL Suite's mobile application enhances communication between insurance companies, customers, and partners. It enables efficient sales processes and services, accessible anytime and anywhere. ACSEL Mobile integrates easily into core systems, administrative systems, and ERP, working on smartphones, tablets, and devices with internet access.