lunos brochure new

8/3/2019 LUNOS Brochure New

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“A time of turbulence is adangerous time, but its greatest

danger is a temptation to deny reality. However a time of

turbulence is also one great

opportunity for those who canunderstand, accept and exploit the new realities. It is above all a time

of opportunity for leadership”.- Peter Drucker

Rapid changes in the insurance market, andeven in global economies, can either help orhurt your business. How quickly are you able

to respond?Who meets marketplace demands quicker —you or your competition?

BRINGINGUNPRECEDENTED Flexibility andSpeed-to-Market to the Insurance Industry

INSURANCE SOLUTIONS



The LUNOS Enterprise Suite is an innovative IT Platformbuilt from the ground up to exceed the exacting demandsof insurance companies faced with industry disruption andcompetition. Developed by Silvermoon and built on IBM’s®Insurance Application Architecture Framework, LUNOS is amodular approach to running a lean, e cient,

competitor-beating insurance company. Product andChannel innovation is key - our focus and insight helpsour customer’s identify new ways to use technology tounleash opportunities.

Key BenetsSilvermoon has helped insurance companiesaround the world...

• Launch new products with greater speed and agility –within days or weeks, not months;

• Lower their Total Cost of Ownership by up to 75%;• Achieve unprecedented nancial and regulatory control,

reducing audit ndings by up to 80%;• Increase revenue and grow market share by up to 40%;• Increase information transparency and availability;•

Introduce product innovation and choice;• Avoid duplication of code and data, reducing

code footprint.

"Today's IT architectures, arcane asthey may be, are the biggest

roadblocks most companies face when making strategic moves.”

- sourced from IBM

"Flexible IT, Better Strategy"The McKinsey Quarterly Special to CNET News.com



“Most of what we need to introduce a new product is now easily accomplished.

It is vastly more effcient than it was before”- Stephan Clark,

Head of Life Administration and Systems, PPS

Business ChallengesDespite their unique o erings, insurance companies globallyface similar challenges:

•

Increased competition, cost in ation and decreasingpremium growth;

• Changing customer loyalty and a fundamental shift inconsumer spending patterns;

• Inability to innovate due to legacy system restrictions;• High cost of maintenance due to code rewrites and

extensive testing before changes can be commissioned;• High cost of audit interventions (remedial actions);• Speed to market for implementing new products;• Lack of exibility in process rules;• UI’s are too rigid to be tailored to meet a number of

di erent audiences and channels, including call centreagents, brokers, direct and back o ce sta ;

• New communication options for distribution andinteraction.

SolutionSilvermoon’s LUNOS Enterprise Suite has been designedfrom the ground up to meet these challenges. It is built ona widely accepted modern-day insurance architecture,based on 18 years of best practice research from more thantwo hundred insurance companies around the world.

Silvermoon packages its reusable components into varioussolution editions according to your needs, achieving

extensibility and reuse. These components can beimplemented across di erent lines of insurance business toachieve unprecedented reusability and cost savings.



About SilvermoonBusiness Systems The mission of Silvermoon is to empower insurance companiesto be the best they can be, by enabling their business leadersto be more innovative and creative without being constrainedby legacy systems and traditionally rigid business models.

Silvermoon’s award-winning LUNOS Enterprise Suite o ers acost-e ective approach to achieving product exibility, speedto market, customer centricity and improved risk management.

We bring more choice to the insurance industry.We help clients plan for market and technology changes.We supply world-class software to the insurance industry,and we constantly improve our solutions by workingwith an extensive network of business Partners globally.

Embracing Change There is an evolution in how insurers are thinking about theircore systems. As a result, the competitive bar is rapidly beingraised – insurance companies have to fundamentally alterhow their insurance products are developed, implementedand serviced.

To remain competitive and successful, insurance companieshave to embrace change. Silvermoon's LUNOS Platformprovides you with the choice and the power to transform yourbusiness and leap ahead of the competition by rapidly

responding to market opportunities and industry disruption.In addition to developing world-class software for theinsurance industry, Silvermoon provides a range of ConsultingServices including: IT Strategy, Enterprise Architecture,Business Case, Infrastructure Planning and System HealthChecks. Silvermoon works with its Clients and Partners to planand implement Silvermoon's suite of Business Solutions.

LUNOS COREcomponents are genericto the Insurance industry. The logic of these does not change from oneinsurance company to the next.

LUNOS EXTextensions andaccelerators are configured to exactcustomer requirements includingunique transactions, behaviours, rulesand calculations.

Specific insurance solutions tailoredto your business.

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Multiple Lines of Businesson a Single PlatformYour solutions can be tailored for your speci c Productline or business process without compromisinginsurance fundamentals that are provided byLUNOS's core building blocks. Insurance concerns areclearly separated to enable reuse, ease of changeand the ability to meet product performance andregulatory reporting requirements.

I n s u r a n c e S o l u t i o n s

E x t

e n s i o n

s ( E X T ) & A c c e l e r

a t o r s

Policy

Admin-P&C

PolicyAdmin-Life

Under-writing

CORE EnterpriseInsurance System

Components

CRM

Channel &

CommissionMgt.

Reinsurance

Group LifeClaims-P&C

Claims-Life

Billing &Collection

To request or discuss any of our extensive Case Studiesor a more detailed Architecture Overview, please contact:

Silvermoon Business Systems SA, International The Forum, G2 Vesta, North Bank Lane, Century City,7441, Cape Town, Republic of South AfricaPhone +27 21 551 5307, Time Zone SAST (GMT+02:00)Graham Grindley-FerrisMobile +27 82 787 2291

Silvermoon Business Systems BVBA, EuropeDorpstraat 176B, 3060 Bertem, BelgiumPhone + 32 16 65 393, Time Zone CEDT (GMT+02:00)Jean-Pol CastusMobile +18686452346363

Silvermoon Business Systems USA Inc 49 Truman Ave, Princetin, NJ 08540, USAPhone + 1 609 924 5496, Time Zone EDT (GMT -5)Piet OppermanMobile +1 941 320 4260

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