Comarch Life Insurance software

Created with a great passion for IT, and many years of experience, the software allows the insurer to optimize and grow all aspects of life, pension and health insurance.

Comarch Life Insurance software handles all areas of individual and group life, pension and health insurance. As part of the insurance software products and thanks to its modular structure and unique flexibility, the system can be tailored to an individual customer’s needs and requirements, including the individual life cycle of business processes and the specific nature of a particular insurance company. 

Software designed for insurance companies

Key business advantages

Competition left far behind

Quick adjustment to market changes with flexible and configurable tools

Process optimization

Process-oriented solution ensuring a high level of automation and more efficient task management

Scalability to meet business and IT needs

Modular architecture, proven technology and the SOA approach delivered by a highly experienced team

Continuous development and growth

New perspectives and possibilities to expand a worldwide business

Life insurance software

documents with a magnifying glass

Product definition

Owing to its flexibility and parametrization abilities, the product definition module allows for:

  • definition of new insurance products from scratch or with the reuse of existing definitions (product package definition or on the level of the insurance/cover definition)
  • modification of existing products
  • mixing different business lines in one product definition
  • automated transfer of definitions from the test environment to production environment
  • versioning of product life-cycle definitions – every element has its own status tracking and validity period parameters (from, to)
  • all historical data is stored in the system and cannot be modified or deleted as they may be used by the portfolio of existing policies

This approach significantly reduces the time needed to implement a new product in the Comarch Life Insurance system by the insurer without the system provider support.

Fun management

Fund management

The Fund management module is responsible for handling various fund type operations i.e. internal/external, open/closed, dedicated and structured. Most of the processes are automated e.g. generating orders and operations, handling corrections. The modules options are, among others:

  • individual investment account handling
  • definition and execution of individual investment orders and operations
  • handling corrections
  • fund valuation registry
  • management of aggregated orders
  • management of insurance company investment accounts

Individual & group policy management

Comarch Life Insurance handles all processes related to new business and policy administration of life insurance products manually or automatically: 

  • quotation and simulation for group policy
  • offer presentation 
  • policy issuance 
  • after-sales service, wide range of policy endorsements bringing/not bringing financial results:
    • modification of insurance conditions
    • fund unit redemption
    • automatic and manual renewals
    • covers and contract suspension or termination

In case of group insurance policies, the system handles operations on group contract level as well as the individual policy level. 



This module supports underwriters in their daily tasks in the scope of risk assessment, delivering such tolls as:

  • insured data collection
  • engine for underwriting rules
  • automatic risk assessment and requirement assignment
  • management of loading, clauses, changing covers according to underwriter’s knowledge
  • adjusted underwriting workflow to different roles and competency (including medical committee, doctors, decision maker).

Life insurance accounting

Finance & accounting

The Finance & accounting module is an extension of the Comarch Life Insurance system, supporting: 

  • subsidiary ledger for insurance business accounting – all insurance business events are categorized, including taxable/non-taxable ones, in order to generate the accounting postings to be transferred to the general ledger
  • reminders in case of premium non-payment or underpayment over a defined tolerance limit
  • incoming cash flow both for individual and group insurance:
    • receivables generation based on the written premium
    • premium payment management
    • overpayment and unknown payment management
    • tolerance handling (minor underpayment/overpayment)

Technical provision

This module is used for calculating technical provision (reserves) values required by supervising insurance institutions. Besides automatic calculation, the module also allows for the manual modification of technical provision amounts according to the actuary knowledge. The Comarch Life Insurance system calculates:

  • unearned premium technical provision
  • life insurance technical provision (mathematical reserve)

Moreover, after receiving claims data from the claim handling system, the module can calculate technical provisions for:

  • claims:
    • provision for reported but not paid claims (RBNP)
    • provision for incurred but not enough reported claims (IBNeR)
    • provision for incurred but not reported claims (IBNR)
    • provision for outstanding claims
  • claim adjustment costs:
    • provision for loss adjustment costs (RBNP)
    • provision for loss adjustment costs (IBNR)

Comarch Life Insurance

Comarch Life Insurance allows for an efficient management of all areas of insurance business, including defining products, offer presentation, underwriting, policy operations, fund management, settlements, reserve calculation and reporting. The life insurance software, offered by Comarch, supports both life & pensions business line as well as local, cross-border and pan-European products for remote and expatriate employees.

Comarch Life Insurance is a platform which can handle any type of protection insurance products with possible extension to health insurance. In terms of pension insurance, our solution supports both defined benefit and defined contribution products. Additionally, different type of investment vehicles can be supported: traditional, unit-linked, or dedicated ones. All these products can be handled under one group insurance contract.


  • support for both individual and group life business
  • product development including the actuarial calculation engine, the rate table and the update management tool
  • extended scope of stored data and interfaces
  • full policy life cycle support – quotation and application management, policy issuance, ongoing contract administration and endorsements
  • possible extension for collection and disbursement support, as well as technical sub-ledger accounting
  • comprehensive and ergonomic policy and contract data overview with versioning
Discover our front-office software!

Integrate your software with Comarch Digital Insurance, an omnichannel front-office solution.

It consists of three applications based on one common business logic engine. These are dedicated to distributors, business administrators and end customers.

Take your policy lifecycle to the digital world:

  • Needs analysis
  • Quotations
  • Proposals
  • Underwriting
  • Policy changes (indexation, beneficiaries, portfolio changes)
  • Registering claims

Manage customers and tasks, monitor sales effectiveness, create reports and offer self-service to your customers.

Comarch Digital Insurance

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