I. Renewal Management Module
· Efficiency Improvement: Supports batch/real-time extraction of renewal policies, replacing manual filtering.
· Accurate Error Handling: Provides standardized exception workflows (e.g., reversal, correction), minimizing secondary errors.
· Dual-Track Processing: Links manual write-offs with automated extraction to ensure complete premium receivable records.
II. Policy Batch Processing Module
· Comprehensive Coverage: Encapsulates 26 core batch operations across multiple product lines, including traditional, unit-linked, and universal life (e.g., account valuation, lapse processing).
· Scheduled Automation: Triggers tasks automatically based on business rules (e.g., notifications X days before maturity), replacing manual reminders.
· Intelligent Risk Control: Implements a three-step process (“Pre-check – Notification – Processing”) to manage exceptions such as early loan termination, reducing compliance risk.
III. Policy Service Module
· Cross-System Collaboration: Functions as a data hub providing standardized services (create, query, validation) for new business, policy servicing, claims, and other subsystems.
· Real-Time Synchronization: Instantly updates policy status changes (e.g., lapse, maturity) across connected systems, preventing invalid transactions.
· Cost & Efficiency Optimization: Unified API encapsulation reduces integration complexity and duplicate development across subsystems.
IV. Account Management Module
· Differentiated Operations: Independently processes account interest accrual, unit-linked valuation, and universal life settlement to meet diverse account requirements.
· Automated Deductions: Automatically deducts policy management fees and risk premiums on settlement dates, replacing manual calculation.
· Real-Time Updates: Calculates annuity payouts automatically and synchronizes account remaining value, supporting high-frequency account transactions.
V. Compliance & Control Module
· Notification Compliance: Automatically generates notices for maturity and survival benefits to ensure policyholder awareness.
· End-to-End Traceability: Records the full trajectory of policy status changes (e.g., suspension, lapse) to meet regulatory audit requirements.
· Data Safeguards: Automatically locks policies before key operations to prevent data inconsistencies from concurrent actions.
