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Project name |
| e-Finance |
Customer |
| A USA company - provider of a full range of insurance and investment products for private and business purposes. |
Business case |
| Choosing the best-fit service plan is difficult for any potential customer, since information on financial services is spread over a multitude of sources. Current web solutions provide on-line quoting; however, the underwriting process takes additional time, effort and paper work. |
| The Customer required the system which would give customers direct access to a wide variety of financial services offered by a number of companies. Services include residential mortgages, personal insurance (auto, homeowners, life, health, disability, and long-term care), and financial planning and investments (stocks, bonds, mutual funds, estate planning, banking). The system had to give users an opportunity to compare the offerings. |
| The system was supposed to provide a web interface for on-line quoting and underwriting. On-line underwriting involves addressing a number of national databases via specially designed interfaces for proof checking the user data, calculating risks, etc. |
Solution overview |
| Inteks designed and implemented the system with the following functional modules: |
 Quoting Engine with implemented quoting algorithms, which takes user data and searches the database to produce results for all available offerings for a selected service. The Quoting Engine may be extended with new algorithms within run-time. |
| Underwriting Module, which allows to process application forms in XML. In the process of underwriting, an XML form is filled with user data and the resulting XML- application document is converted to PDF or HTML and presented to the user. |
| Contact Management. |
| Financial Service Management. |
| Administration. |
Benefits |
| The system significantly decreases time spent by customers for quoting and underwriting due to implementation of corresponding on-line processes. The Company's infrastructure and personnel costs are minimized due to increased accessibility of its products via Internet. |
Tools and technologies |
| Server-side OS: |
| Windows NT 4.0 |
| Linux |
| Implementation platform: |
| J2EE |
| Application server: |
| IBM WebSphere 4.0.x |
| Web server: |
| IBM HTTP Server 1.3.19 |
| Database system: |
| Oracle 8.1.5 |
| Development Tools: |
| WebSphere Studio Application Developer 4.0 |
| Rational Rose 2002 |
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e-Finance
