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Tel: 0861 NIMBIS
48b James Avenue
PO Box 412072
NIMBIS completely changes the way Insurers, administrators and broker networks do business by creating a single eco-system for all role-players to participate in the policy life-cycle. The mere fact that NIMBIS can be accessed via an internet browser from any device (laptop, tablet or even a smartphone), from anywhere in the world, revolutionises the way the industry collaborates. 

In today's insurance market, speed to market is critical if you want to keep a competitive edge. With a product builder "sandbox" incorporated into the NIMBIS system as part of the user interface, users can now be trained to build insurance products within minutes to a couple of days, allowing users to create rating criteria by section, change policy wording, update excess structures, design schedule layout with logo's and branding and a lot more. 

As part of the standard implementation, NIMBIS has a full end-to-end claims management module which covers the whole claims process from first notification of loss to final settlement, incorporating catastrophe management. The system provides for different workflows and escalations based on the particular section of cover and peril, ensuring a smooth claims process and client experience. 

With NIMBIS, Insurers and Administrators have a “birds eye view” of their whole business and risk exposure across their whole broker and demographic footprint. Brokers and marketers have immediate access to the decision makers to approve quotes, incept policies or finalise claims with the click of a button, saving time and increasing productivity, in turn resulting in increased revenue whilst saving costs across the entire value chain. 
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From The Glossary »


Expected mortality:

Expectation of death. The likelihood of this is shown in an actuarially calculated mortality table. Such tables are used to calculate premiums.
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