What infrastructure is required?

LIFE/70 runs on the z/OS platform and requires CICS. It leverages the mainframe environment for its processing capabilities.

For mainframe products: Does this run in an LPAR?

As a mainframe product, LIFE/70 typically runs within an LPAR (Logical Partition) on z/OS. It is dependent on the z/OS operating system and its associated subsystems.

What databases or storage mechanisms are used?

LIFE/70 likely uses VSAM datasets for data storage. It may also integrate with DB2 for more complex data management needs.

Is this a standalone product or does it extend/enhance another product?

LIFE/70 is a standalone application, but it integrates with other systems for data exchange and reporting. It does not extend or enhance another specific product but operates as a complete insurance administration system.

How does LIFE/70 improve business operations?

LIFE/70 helps insurance companies efficiently manage their policies, process claims, and administer annuity products. This leads to improved operational efficiency and better customer service.

What are the cost benefits of using LIFE/70?

By streamlining policy administration and claims processing, LIFE/70 reduces manual effort and errors. This results in cost savings and improved accuracy in insurance operations.

What happens if an organization does not use LIFE/70?

Organizations that do not use a system like LIFE/70 may face challenges in managing large volumes of policies, processing claims efficiently, and ensuring regulatory compliance. This can lead to increased costs and reduced customer satisfaction.

How does LIFE/70 handle authentication?

LIFE/70 likely integrates with z/OS security systems such as RACF, ACF2, or Top Secret for authentication. This ensures that only authorized users can access sensitive insurance data and functions.

What access control model is used?

LIFE/70 probably uses an access control model based on roles (RBAC) or access control lists (ACLs) to manage user permissions. This allows administrators to define granular access rights for different user groups.

What audit/logging capabilities exist?

LIFE/70 includes audit logging capabilities to track user activity and system events. These logs can be used to monitor security and ensure compliance with regulatory requirements.

How is LIFE/70 typically deployed?

LIFE/70 is typically deployed on-premise within a mainframe environment. This requires a dedicated team to manage the system and its infrastructure.

What level of technical expertise is required to implement it?

Implementing LIFE/70 requires a team with expertise in mainframe systems, CICS, and insurance administration. Ongoing operations require staff skilled in system monitoring, maintenance, and troubleshooting.

What ongoing operational requirements exist?

Ongoing operational requirements for LIFE/70 include system monitoring, regular maintenance, and security patching. It also requires managing user access and ensuring data integrity.

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LIFE/70

Name: LIFE/70
Availability: InStock

DXC Technology Supported z/OS

Application - Insurance

Vendor

DXC Technology

Product Overview

LIFE/70 is a CICS-based application designed for administering life, health, and annuity insurance products on z/OS mainframe systems. It provides a comprehensive system for managing insurance policies and related processes, including policy administration, claims processing, and annuity management. The architecture centers around the z/OS platform, leveraging CICS for transaction processing and VSAM or DB2 for data storage.

Key components likely include modules for policy creation, modification, billing, claims adjudication, and reporting. Communication between components occurs through CICS intercommunication facilities. Security is enforced through integration with z/OS security systems (RACF, ACF2, Top Secret) and an RBAC or ACL model.

Data encryption methods are likely employed to protect sensitive policy information. Deployment is typically on-premise within a mainframe environment. Alternatives to LIFE/70 include Cyberlife, Wealth Management Accelerator, Ingenium, SAP for Insurance, and FINEOS Claims.

Consider LIFE/70 if you require a robust, mainframe-centric insurance administration system with tight integration with z/OS security and data management facilities.

Frequently Asked Questions

What does LIFE/70 do?

LIFE/70 is a comprehensive application designed for administering life, health, and annuity insurance products. It handles policy management, claims processing, and other core insurance functions.

Is this a system, application, or tool?

LIFE/70 is an application, specifically designed for the insurance industry. It provides a complete system for managing insurance policies and related processes.

What types of organizations use this?

Insurance companies, particularly those dealing with life, health, and annuity products, use LIFE/70. It is suitable for organizations that require a robust system for managing complex insurance policies.

When should we consider LIFE/70?

A company should consider LIFE/70 when they need a comprehensive system to manage their life, health, and annuity insurance products. It is particularly useful when dealing with a large volume of policies and complex administrative requirements.

What are the alternatives to LIFE/70?

Alternatives to LIFE/70 include Cyberlife, Wealth Management Accelerator, Ingenium, SAP for Insurance, and FINEOS Claims. These products offer similar capabilities in insurance policy administration.

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