BSP Life announces new system

Business

BANK South Pacific Life PNG Limited (BSP Life) yesterday announced the rollout of its new insurance administration computer system called BSP Life Insurance System (BLIS).
This system will enable BSP Life to provide fast and superior customer experience.
BSP Group chief executive officer Robin Fleming said that BLIS was a replica of the BSP Life Fiji Insurance system rolled out in 2014 with some minor changes, initially deployed to support BSP Life PNG’s Group term life insurance business.
“BLIS provides functionalities that easily manage groups and policy applications such as an automated assessment and pricing function, policy administration which includes tracking and electronic delivery and filing of all communications, automated billing, claims and commission processing,” Fleming said.
“It is user-friendly with intuitive wizards which require minimal user training.
“We are excited about the market potential in PNG and also happy that we are able to leverage off the knowledge and capabilities out of our Fiji business to benefit our market.
“I would like to thank our project team at BSP Life for this successful system implementation.”
BSP Life opened for business in PNG on Jan 2, 2018, with the launch of its consumer credit insurance product, which is distributed as an added feature and benefit of the BSP personal loan.

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