The “Integration and Management System for Life Insurance Account” is a set of management services for life insurance companies to managing onwed funds investment and handle the subsequent front-end investment transaction operations, such as daily checkout operations, entrusted returns, settlement, asset allocation, financial inspection reports, accounting and other operations, this system has already been providing support to many Taiwan life insurance companies, successfully introducing APEX International's life insurance account integration system, and carrying out the latest IFRS accounting standards compliance additions and providing years of stable system maintenance operations.
System Features
- Complete list of financial investment commodities
- Can manage live deposits, fixed deposits, short tickets (CP, NCD, PGN and FRCP), bond conditional, bonds (public bonds, corporate bonds, financial bonds, CLN and ELN), securities (listed stocks and ETFs), special shares , beneficiary certificates, futures, bailout loans, loans and real estate, implement data classification and database construction.
- Multi-Fund Portfolio Management
- Financial assets (including loans) and financial liabilities (including deposits) are integrated inside the system platform, which allows for more efficient management and control of changes to the whole investment, lending and deposit facets, and investment positions can be adjusted according to the company's internal professional judgment to comply with company internal regulations and laws.
- Customized reports
- Provides more than 100 types of management and financial statements required for various transactions and accountings; each report has its screen display, print and transfer functions. Various reports can be generated quickly, which make it easier for contract managers to print.
- Download basic information on stock option commodity
- Provides the download of basic information on futures and options, and uniformly uses the codes compiled by the futures exchange to increase the code identifiability and reduce code duplication.
- Automatic daily balance to reduce labor
- Various investment transactions are evaluated based on the day’s closing price and the daily balance is closed, the corresponding voucher is automatically generated and posted directly to the accounting general ledger system, eliminating the burden of manually issuing vouchers.
- Fully automatic closing price data transfer
- Provides the download for closing price settlement price of futures and option, evaluates and executes the settlement based on each day’s closing price, automatically generates the corresponding voucher and posts it directly to the accounting general ledger system to eliminate the burden of manually issuing vouchers. In addition, a manual voucher input interface is also provided to resolve exceptional accounts.
- Complete access rights management, no leaks
- Provides complete access rights management function: only authorized users can log in and use the query, change or print related data functions, without worrying about information leakage.
- Provide transaction return function
- Provide a complete and secure control mechanism for operations such as modify, delete and reply of important transactions settlement; all functions can only be performed with the authorization of the supervisor, and transaction release details authorized by the supervisor are available for inquiry.
- Account’s designated charge-off function
- Select new positions, system offsets or designated offsets when trading according to the current market transaction characteristics.
- Detailed and reliable accounting system
- At present, the basic accounting treatment principles and the formulation of accounting subjects are designed according to the "Banking Accounting System Model" issued by The Banker Associations of the Republic of China. Special treatment methods can be planned and designed separately if required.
- Data transfer of life insurance accounting general ledger
- It can work with the customer's life insurance company's back-end accounting general ledger to carry out related report data transfer operations.
