Please any one could u please tell me what is CLOAS life
insurance?its urgent,
thanks advance.
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Answer Posted / martin woelfel
CLOAS is an accountancy system that AMP foisted on the then
PEARL ASSURANCE COMPANY when it took it over. As a
consequence, products which had been marketed for years had
to be dropped from its portfolio.
It seems to be a system predominantly for companies dealing
in unit linked type policies rather than the traditional
with profits business.
If you are thinking of using the system for your business I
suggest you think again and may be see what PASTEL can
offer you. CLOAS was not at all adaptable and there must be
many packages out there which are.
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