Name: Evitec Life Savings
Author: Evitec

Customer Success Management Training

Customer Training

Help Desk

Web and Video Conferencing

Customer Support

Accessibility Testing

Continuous Integration

Feature Management

Development

Virtual Classroom

Education

Business Intelligence (BI)

Collaboration

Enterprise

Accounting

SaaS Spend Management

Treasury Management

Finance and Accounting

Applicant Tracking

Corporate Learning Management

Employee Onboarding

HR Management

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

AIOps

API Management

Cloud Storage

Configuration Management

Custom Software Development Services

Cybersecurity Consulting

Database-as-a-Service (DBaaS)

Fraud Detection

Game Engine

Integration Platform as a Service (iPaaS)

LAN Switches

Managed Detection and Response (MDR)

Managed Public Cloud Infrastructure

Mobile Data Security

Network Behavior Analysis

Network Performance Monitoring

Sensitive Data Discovery

Service Desk Outsourcing

Software Composition Analysis (SCA)

Vendor Risk Management

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Ecommerce Personalization

Email Marketing

Market Research

Marketing Automation

Marketing Resource Management

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Onboarding

Customer Relationship Management (CRM)

Point of Sale

Sales Enablement

Sales Incentive Compensation Management

Sales Performance Management

eCommerce Analytics

Sales

Cloud Infrastructure Entitlement Management

Cloud Security Posture Management

Secure Service Edge (SSE)

Security

Banking

Church Management

Financial Services CRM

Geographic Information

Internet of Medical Things

Medical Office EMR & EHR

Mental Health

Online Voting

Revenue Cycle Management (RCM)

Vertical-Specific

Find top rated software and services based on in-depth reviews from verified users. 400+ software categories including PaaS, NoSQL, BI, HR, and more.

Athena System

Maximum Processing

ALIP Policy Administration

Accenture

NowCerts

ANVA Hub

ANVA

AURA Rgatp

Reinsurance Group of America

Andesa Policy Administration

Andesa Services

Asteya

Audit Control Environment

Automated & Management Solutions

CertAdvisor

Recordables

Evitec Life Savings is a policy administration solution designed for Life and Pension insurers. According to the vendor, it provides efficient insurance product management with inheritance and variation capabilities, making it suitable for insurers of various sizes. Professionals in the insurance and financial services industries, including life insurers, pension insurers, insurance brokers, and insurance industry professionals, can benefit from the features and functionalities offered by Evitec Life Savings.

## Key Features

**Insurance product management with inheritance and variation capabilities**: According to the vendor, Evitec Life Savings allows insurers to efficiently manage their insurance products, including savings and pension products. The platform enables insurers to create and customize product variations to meet customer needs, allowing for easy updates and modifications to product features, terms, and conditions.

**Modern digital service API’s for service and portal integrations**: Evitec Life Savings offers digital service APIs for integration with external services and portals. According to the vendor, insurers can integrate self-service portals and other applications, providing a digitalized customer journey. The APIs support data exchange and communication between systems, ensuring efficient information flow and a convenient user experience.

**Flexible business processes support for sales, lifecycle, and claims**: Evitec Life Savings provides flexible business process support for sales, lifecycle management, and claims processing. According to the vendor, insurers can adapt and customize the business processes to meet specific requirements and changing business needs. The platform streamlines and automates workflows, improving operational efficiency and reducing manual work.

**Individual and group policy structures for savings and pension products**: Evitec Life Savings supports individual and group policy structures for savings and pension products. Insurers can create and manage policies for individual customers as well as group policies for organizations. According to the vendor, the platform allows insurers to define and configure policy terms, coverage options, and premium calculations, providing a comprehensive solution for managing savings and pension products for both individuals and groups.

**Savings calculations and fee processing**: Evitec Life Savings includes savings calculations and fee processing capabilities. According to the vendor, insurers can accurately calculate and manage savings contributions, interest rates, and investment returns. The platform handles fee calculations and processing, ensuring accurate and transparent fee management. Insurers can provide detailed information to policyholders regarding their savings and associated fees.

**Incoming and outgoing money management**: Evitec Life Savings facilitates efficient management of incoming and outgoing money. Insurers can track and manage premium payments, claims payouts, and other financial transactions. According to the vendor, the platform ensures accurate accounting and reconciliation of funds, minimizing errors and discrepancies. It provides a centralized view of financial transactions, enabling insurers to maintain control and transparency.

**Investment management**: Evitec Life Savings includes investment management functionality. Insurers can manage and track investments made by policyholders, such as unit-linked investments. According to the vendor, the platform supports various investment instruments and strategies, allowing insurers to offer diverse investment options. It provides comprehensive investment reporting and analytics, helping insurers make informed investment decisions.

**Comprehensive support for savings instruments**: Evitec Life Savings offers comprehensive support for various savings instruments, including unit-linked, base rate and capital redemption, defined benefit, and defined contribution schemes. According to the vendor, insurers can manage different types of savings products and configure the features and rules of each savings instrument. The platform ensures accurate calculation of savings values, interest rates, and benefits based on the specific instrument type.

**Claims automation and management**: Evitec Life Savings provides claims automation and management capabilities. Insurers can automate claims processing, reducing manual effort and improving efficiency. According to the vendor, the platform supports end-to-end claims management, from claim registration to settlement, ensuring timely and accurate claim settlements for policyholders.


Evitec Life Savings offers a policy administration solution for Life insurers with savings and pensions products. Presented as an automated and future proof insurance platform, it handles policy sales, lifecycle management and claims processing in a secure and proven manner.

AgencyBloc is an insurance agency management system from the company of the same name in Iowa, built around patient communication and customer relationship management, as well as back-office automation.

AgencyBloc AMS+

Basic

Evitec Life Savings

Insurance policy administration systems are software designed to help insurance agencies manage policies through their entire lifecycle. Insurance agencies use them to simplify and automate the policy maintenance process. This simplification continues from initial quote to final termination.

Insurance Policy Administration Systems

Evitec

TrustRadius is a technology and business research firm based in Austin, Texas. The company is known as a review platform for verified B2B technology and software reviews through a proprietary algorithm and human verification.

TrustRadius

Home

Evitec Life Savings

Overview

What is Evitec Life Savings?