Manage full policy lifecycle of transactions - Rate, Validate, Quote, Bind, Issue & Policy Changes
Supports Multiple Issue Companies, Multi-State, Multi LOB, Multi Risk Policies, all within the same integrated system and database.
Policy NB Quoting allows for quick quotes and multiple quote versions.
View policies at any point-in-time. All changes are versioned as transactions. No data on issued policy transactions can be deleted or edited, preserving a verifiable audit trail. Auditors would love this feature.
Automated issue of new business policies, auto-renewals, auto-cancellations (due-date or equity-date based), barcoded batch printing of documents, etc. Minimize manual intervention and leverage knowledge and expertise of human assets.
Rating Engine for each LOB, including Rate sheet that displays every rate, factor, and resulting premium calculation for every transaction. Rates and factors can be revised based on effective dates by Policy Product, By State, By NB vs Renewal.
Policy Forms Management – System generates all applicable policy forms, including state endorsements and rule-based forms.
Interface with external services like replacement cost evaluators, risk assessment services, Insurance Credit Scores, MVR Reports, CLUE, eSignature of policy documents, etc.
Interface to Payment Gateways for online payments, recurring payments and CNPP processing.
Microservices Architecture makes it easy to integrate IoTs like Alexa™, Google Home™, IBM Watson™ and Device driven Usage Based Insurance Programs (like devices installed in cars or apps on the phone), etc. as and when clients decide to implement these features.
Our truly Integrated, Multi-Line Insurance Platform Comes With