Policy Management

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.
  • Rate, Validate, Quote, Bind and Issue policies with a full policy lifecycle transactions including Out-Of-Sequence endorsements (Includes Agent Portal).  
  • 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.
  • Policyholder self-service portal to verify coverage, print policy documents and make payments.
  • 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

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Policy
Management

Manage full policy lifecycle of transactions - Rate, Validate, Quote, Bind, Issue & Policy Changes

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BILLING & INSURANCE ACCOUNTING

A full-fledged double entry accounting system to manage all policy and claims related financial transactions

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CLAIMS
MANAGEMENT

Auto-Verify Policy coverage in real time. Manage reserves, loss payments & expenses at a claims feature level.

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CLIENT
MANAGEMENT

A powerful customer service feature. Locate policies and claims by people; Insureds, Addl Interests, Mortgagees, Claimants, Surveyors, etc.

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AGENCY
MANAGEMENT

Manage agencies including profiles to quote, bind & endorse polices. Also manage commission rates & payments

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INTERACTIVE
BOT

Tara the BOT is always aware of where you are in the application to assist and provide context relevant information.

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EFFICIENCY
TOOLS

Reduced Average Handling Time thru smart navigation, Integrated Email, Phone, Voice-To-Text & Real time data available to all modules

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BUSINESS
INTELLIGENCE

Analyze your key business performance indicators through standard and customizable BI Dashboards

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POLICY HOLDER SELF-SERVICE PORTAL

Policyholders can verify coverage, print policy docs, review claim status, review accounts & make payments

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PARTNER
INTERFACES

Application has several pre-built interfaces; Payment Gateway, Repl Cost Valuation, Ins Credit Scores, MVR, eSign, etc.

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ADJUSTERMATE MOBILE APP

A mobile app that brings easy mobility to field adjusters. Instantly get assessments & photos into the claims system

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SECURITY &
COMPLIANCE

Robust built-in security. Data in Transit is encrypted. VAPT & PCI complaint. OAuth/Single sign-on

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