Silvermoon Business Systems partners with IBM to bring the next generation of technology to the insurance industry.

Silvermoon Business Systems are thrilled to make IBM's list of business partners certified on IBM PureSystems. Unimaginable complexity, combined with a lack of resources (time, money, skills) has created a situation in corporate IT where $2.5 Trillion -70% of the global IT budget- is spent just making sure the status quo works. As a result, 1 in 5 projects never see the light of day and there is a backlog in IT of more than 18 months.

It's time to stop the complexity and redirect this time and money to projects that will help businesses innovate and succeed in today's dynamic marketplace.

Silvermoon are proud to announce that we've joined IBM in pioneering a new era of computing that will help eliminate complexity and fundamentally transform the experience and economics of enterprise IT for Insurance. Expert Integrated Systems is a new category of smarter computing that combines the flexibility of a general purpose system, the elasticity of cloud and the simplicity of an appliance.

IBM PureSystems is a new family of expert integrated systems offered by IBM that combines hardware, software and expertise into one solution, allowing us to help our clients eliminate the complexities of enterprise IT, reduce cost and encourage innovation. Silvermoon are confident that this new system will significantly simplify IT infrastructure by tackling the biggest, consistent IT pain points that the insurance industry has faced for years, resulting in more time and money for the IT projects that actually matter.

The Silvermoon LUNOS Insurance Enterprise Suite is a 21st century product-driven system that provides end-to-end enterprise solutions for core insurance administration, for any size of company, running any line of business, on a single platform. LUNOS is a pure implementation of IBM's comprehensive blueprint for insurance - IAA (Insurance Application Architecture), and when combined with the IBM PureApplication System becomes a leading expert integrated system for the insurance industry - one that will change the way people in the insurance industry approach IT, enabling Insurance companies to significantly drive down IT costs (by as much as 50%), innovate more freely on product and channel, and reduce the time it takes to get insurance products to market.

Customer Relationship Management

Solution to administer customer information and manage customer identity with single view across an insurance enterprise.

Channels and Commissions

Solution to define and maintain producer contracts & hierarchies, monitor producer effectiveness and distribute compensation.

Reinsurance

Solution to define reinsurance treaties, place facultative contracts, creation and management of cession agreements for the policies satisfying the conditions of reinsurance placement.

Group Life & Pensions

Solution to define life Group Life and pension products and carry out administration operations on Group life and pension contracts.

Claims - Property & Casualty

Solution to create claim definitions and carry out administration operation such as claims handling, inquiry and notification for property and casualty insurance products.

Claims - Life

Solution to create claim definitions and carry out administration operation such as claims handling, inquiry and notification for life insurance products.

Billings and Collections

Solution to provide operations to administer billing (invoicing) transactions and collection of payments due for all insurance contracts maintained by an Insurer.

Policy Admin - Property and Casualty

Solution to define property and casualty insurance products and carry out administration operations from proposal to termination.

Policy Admin - Life

Solution to define life insurance products and carry out administration operations from proposal to termination.

Underwriting

Solution to define the rules for determining whether a risk is an acceptable risk. Also includes the support for manual underwriting activities like adding endorsements, loadings and exclusions.

Generic and Foundation (Core) Components

This collection consists of Generic Components and Foundation Components. We refer to these as the LUNOS CORE Components. These are "black box" components that maintain the data and provide generic or standard functionality. Generic components such as the Generic Agreement component provide the mechanisms to maintain Agreement Information as specified in the Product Specification and the Agreement Life Cycle.

These components are called "black box" because they are provided at code level and cannot be modified by the client. The reason for this is that these components are generic to the insurance industry. This means that the logic within these components does not have to change from one insurance company to the next.

Customer Specific Components

This collection of components is made up of the Specific Components, which, together with some libraries in the web tier, make up the LUNOS EXT Components (those which can be extended, hence 'EXT'). It is in the EXT layer of components that the insurance company performs its customisations and framework extensions. These components are "white box" components because they are delivered as source code that allows the framework extension to support customer specific product structure and behaviour in the form of Request Specifications and Behaviours (transactions), Calculations and Rules.

This is largely the area that forms the Systems Implementation Project. Here the Implementation team work closely with the insurance company to turnaround particular logic classes in behaviour, rules and calculations. These logical units specific to the insurance company are 'plugged' into the LUNOS EXT framework.

Please hover over any of the headings in the image above for more information

Expert Integrated Systems

Businesses around the world are undertaking transformational journeys to become smarter. Regardless of industry, IT has moved to the strategic center of business. With the increasing importance of IT, organizations need ways to move beyond today's inefficient approaches to computing so that they can deploy new and innovative capabilities faster.

The time has come for a new breed of system to deliver IT at the speed of business:

Smarter computing is an ideal way forward - a way for the IT infrastructure to enable a smarter planet. Organizations have taken steps in that direction by self-tuning general purpose systems for flexibility, using appliances for simplicity and leveraging cloud for elasticity. To get the best of these approaches, IT must integrate expertise.

The time has come for a new class of systems - one that combines the flexibility of general purpose systems, the elasticity of cloud and the simplicity of an appliance with integrated expertise. Expert integrated systems fundamentally change the experience and economics of IT with built-in expertise, integration by design, and a simplified experience.

Expert integrated systems are essentially building blocks of capability. They represent the collective knowledge of thousands of deployments, established best practices, innovative thinking, IT leadership and distilled expertise.

Lunos Enterprise suite 3.0 is ready for Expert integrated systems. We have successfully tested and deployed our components on these systems and have experienced the following benefits firsthand.

Agility

Get up and running in hours, cutting months off deployment time of new application projects
Accelerate industry capabilities with solutions from a broad open ecosystem
Elastically adapt to handle workload spikes without overbuying

Simplicity

Free up time from procuring, supporting, testing & deploying assets
Avoid delays due to limited IT skills or complex integration with factory integration and built-in expertise
Maintain more quickly and easily with integrated system patches

Control

Lower risk and costs with automated provisioning and seamless scalability with security and resiliency
Maximize flexibility with choice of architectures, and open standards
Intelligently manage cloud environments

Insurance Solution Feature:

Silvermoon's LUNOS & IBM Workload Deployer 3.0
IBM's next generation cloud technology provides rapid deployment, global access, workload balancing and massive scalability.

LUNOS in the cloud >>

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