FTS Insurance
Specialized Financial Accounting Solution for Non-Life Insurance Companies
About the product
FTS Insurance is a specialized Financial Accounting solution for non-life insurance companies, designed to address the industry’s specific financial, accounting, and management requirements
The system is built around insurance financial accounting as its core, while extending into specialized capabilities not typically available in general accounting or ERP software, such as insurance settlements, insurance reserves, reinsurance, e-invoicing, policy document management, financial investments, and business performance management.
Through its open architecture and APIs, FTS Insurance can integrate with Core Insurance, claims systems, banks, tax authorities, digital channels, and third-party systems. Operational data is seamlessly connected with accounting, helping reduce duplicate data entry, improve reconciliation, and maintain a consistent source of financial data.
Specialized Financial Accounting for Insurance
An accounting system designed for insurance-specific requirements, covering cash and bank transactions, receivables and payables, tax, assets, costs, general ledger, and financial reporting. Automated posting from insurance operations.
Deep Insurance-Specific Capabilities
Extends the accounting core into premium collection, commissions, claims finance, reserves, reinsurance, e-invoicing, policy documents, investments, and insurance management. Operations and accounting on one data source.
Open Architecture, Integration Ready
Microservices architecture and APIs support connectivity with Core Insurance, Claims, banks, tax systems, digital channels, and existing enterprise systems. Flexible integration and scalable expansion
Comprehensively Digitize Non-Life Insurance Operations with FTS Insurance
A specialized technology solution — rapid deployment, efficient operation. Schedule a consultation today with an FTS expert!
Insurance Accounting — and Beyond
FTS Insurance puts insurance financial accounting at the core and extends it with industry-specific capabilities including premium collection, receivables, commissions, claims finance, reserves, reinsurance, e-invoicing, policy document management, financial investments, and management reporting — all on one integrated platform
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FTS Insurance Capability Ecosystem
Insurance Accounting & Finance
Insurance Finance
Financial Accounting
Premium & Receivables Management
Manage premium receivables from policies through collection, allocation, reconciliation and settlement; support endorsements, premium adjustments and refunds, while connecting customer, agent/broker, e-invoice and accounting data.
Insurance Commissions
Manage commissions by policy and beneficiary, including agents and brokers; track payable obligations, outstanding balances and payments while retaining business details across accounts payable and accounting.
Claims Finance
Receive approved claims data from Core/Claims to manage financial obligations, reserves, payments and accounting postings; connect claims data with payables, accounting and reporting through a consistent financial process.
Insurance Reserves
Manage reserve data by period, line of business and reserve type; connect reserve information with claims, accounting and management reporting to monitor reserve movements consistently over time.
Reinsurance Accounting & Settlement
Manage receivables and payables for assumed/ceded premiums, commissions and claim recoveries; support reinsurer balances, netting, settlement, payment, reconciliation and GL posting from reinsurance data.
Insurance E-Invoicing
Create and issue e-invoices from insurance data, linking policies with revenue, tax and receivables; support digital signing, tax authority data exchange, status tracking and accounting integration.
Policy Document Management
Manage the issuance and use of insurance policy documents by type, serial number, organizational unit and status; connect business data to support control, reconciliation, inventory checks and centralized reporting.
Financial investments
Manage portfolios including deposits, bonds, securities and other investments; track cash flows, principal, interest, dividends and related transactions while connecting investment data with accounting and reporting.
Management Accounting & Reporting
Combine accounting and insurance data to analyze revenue, costs and business performance by policy, product, line of business, organizational unit and management dimensions, supporting consistent reporting and analysis.
Cash & Banking
Manage cash receipts and payments, bank transactions and settlements by account, counterparty, currency and document; connect with insurance operations, receivables/payables and accounting to reduce duplicate data entry.
Accounts Receivable & Payable
Manage receivables and payables by counterparty, document and source transaction; track movements, payments, netting, settlement and reconciliation while retaining detailed source information for financial control and reporting.
Tax Management
Manage tax data arising from financial, accounting and related business transactions; link tax information with invoices, documents and accounting data to support aggregation, validation, reconciliation, tax filing and reporting.
Inventory, Supplies & Tools
Manage receipts, issues and balances of inventory, supplies and tools by warehouse, organizational unit and user; support allocation, transfer, stocktaking and amortization while connecting transactions with accounting.
Fixed assets
Manage the full asset lifecycle from capitalization, transfer and usage through depreciation, disposal and retirement; track assets by organizational unit and department while connecting asset movements and depreciation expenses with accounting.
General Ledger & Financial Statements
Consolidate journal entries from all modules into a unified general ledger; manage general and subsidiary ledgers, trial balances and financial statement data while receiving postings from insurance operations according to configured rules.
Reinsurance
Reinsurance Contracts & Programs
Manage reinsurance programs and contracts, including methods, risk groups, contract terms, retention levels and capacity; support Treaty, Facultative (FAC) and XOL structures based on the implemented model.
Reinsurance Structure & Allocation
Determine reinsurance structures and allocations from policy, endorsement and related data based on business configuration, contract terms, ratios and retention levels; track allocated responsibilities by reinsurance method and reinsurer.
Ceded Reinsurance
Manage ceded reinsurance based on original policy and claims data; track retained and ceded responsibilities by program, contract and reinsurer, while generating data for ceded premiums, commissions and reinsurance claim recoveries.
Assumed Reinsurance
Manage assumed reinsurance directly in FTS, including assumed policy information, liabilities and related transactions; track premiums, commissions, claims and SOA while connecting financial results with the reinsurance accounting layer.
Premium, Commission, Bordereaux & SOA
Aggregate policy, endorsement, claims and allocation data to manage reinsurance premiums, commissions and claim recoveries; support Bordereaux and Statement of Account (SOA) for ceded, assumed and reinsurance claims.
Reinsurance Claims
Manage reinsurance data related to claims, determine responsibilities by program and reinsurer, and track claim recoveries; provide consistent data for Bordereaux, SOA, reinsurance accounting and subsequent financial processing.
Product Benefits
Specialized ERP: A Strong Financial Core, Deep Industry Capabilities
Consistent Operational and Accounting Data
Data from insurance operations is connected with receivables/payables and accounting, helping reduce duplicate data entry and improve reconciliation across departments.
Insurance-Specific Financial Control
Track revenue, receivables/payables, commissions, claims, reserves, reinsurance and related financial transactions, ensuring consistent control across insurance operations.
Flexible Integration with Existing Systems
Connect Core Insurance and related systems through an open architecture, enabling flexible integration aligned with each insurer’s existing IT environment and transformation roadmap.
Centralized Multi-Entity Management
Centralize data, access control and reporting across organizational units, enabling consistent management for insurance groups with multiple member entities.
Open Architecture, Integration Ready
FTS Insurance is built on a microservices architecture, with business services organized independently and connected through an API Gateway. The platform can integrate with Core Insurance, Claims systems, banks, tax authorities, digital channels, and third-party systems, while allowing individual business capabilities to scale in line with each insurer’s architecture and transformation roadmap.
PJICO x FTS – A 15-Year Journey of System-Wide Centralized Operations for a Leading Vietnamese Non-Life Insurance Company
Centralized insurance financial data | Automated posting from insurance operations | Reinsurance, SOA and reinsurance receivables/payables management | Management reporting and policy-level profitability
Scale
01 Head Office | 64 member units | 1,450+ users | 450+ transaction offices | 15 years
Implemented Scope
Financial Accounting · Original Insurance · E-Invoicing · Policy Documents · Claims · Reinsurance · Reserves · Management Accounting
Integrations
Core Insurance · Banking · Tax · Claims System · Retail Channels
FAQs
FTS is always ready to listen and assist. Discover more quick answers at our Support Center.
How is FTS Insurance different from standard accounting or ERP software?
FTS Insurance puts financial accounting at the core but is specifically designed for non-life insurers. In addition to standard accounting functions, it extends into insurance-specific processes such as insurance payments, technical reserves, reinsurance, e-invoicing, policy documents, investments, and performance management.
Does FTS Insurance replace the Core Insurance system?
FTS Insurance can connect with Core Insurance and existing operational systems. The implementation scope is determined based on each insurer’s system architecture and actual business requirements.
Can FTS Insurance integrate with our existing systems?
Yes. Its microservices architecture and APIs support integration with Core Insurance, Claims, banks, tax systems, digital channels, and third-party systems.
How are insurance transactions posted to accounting?
The company can define posting rules by transaction type. When a transaction occurs, the system automatically posts the data to accounting according to the configured rules.
Which insurance payment flows can FTS Insurance manage?
FTS Insurance supports financial flows related to insurance premiums, commissions, claims, and reinsurance. The exact scope is defined according to each insurer’s operating processes.
Which reinsurance processes are supported?
The system supports Treaty, FAC, XOL, ceded/assumed reinsurance, reinsurance structure allocation, premiums and commissions, Bordereaux, SOA, reinsurance claims, receivables/payables, and settlement.
Can profitability be analyzed down to individual policies?
Yes. The system supports revenue and cost consolidation and profitability analysis by policy, product, line of business, and business unit.
Can FTS Insurance be configured for different operating models?
FTS first assesses the current architecture, business processes, and data flows before defining the appropriate integration, configuration, and implementation scope.
Product Purchase and Installation Process
Schedule an Online Demo
Schedule — interact directly — and have all your questions answered via Call or Chat.
Free Product Demo & Trial
Access the full set of features and enjoy an in-depth experience for a limited time.
Purchase & Installation
FTS provides on-site or remote installation support, ensuring rapid and smooth operation.
1-Year Free FTS Care Service
Includes free updates, technical support, and 1:1 issue resolution throughout the first 12 months.
Use the Advanced FTS Support Service
Continue FTS Care maintenance services and request software upgrades through FTS Support.
How Can FTS Insurance Fit into Your Existing Insurance Ecosystem?
Talk to the FTS team to assess your current architecture, business requirements, integration scope, and an implementation roadmap tailored to your organization.