Insurance Policy Administration

Types of Insurance (Life Insurance, Health Insurance and Vehicle Insurance Etc,), Insurance Policy Administration, Underwriter Workstation, Insurance Claims, Insurance Certificate, Insurance Agent Portal and Important Terms in Insurance Domain.
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Vijay Kumar Varma
Posts: 58
Joined: Mon Nov 26, 2018 1:51 am

Insurance Policy Administration

Post by Vijay Kumar Varma » Wed Nov 28, 2018 4:19 am

What are the important functionalities in Insurance Policy Administration System?

Sridhar G
Posts: 53
Joined: Fri Nov 30, 2018 3:19 am

Re: Insurance Policy Administration

Post by Sridhar G » Sun Dec 09, 2018 2:51 pm

Policy Administration System

Policy Administration Software Functionalities:

1) Enter / Recording of all data elements

2) Transaction workflows for new business, renewals, endorsements, cancellations, and reinstatements.

3) Rating and underwriting rules

4) Underwriters benefit, working with broker portals and working with agents.

5) A wide range of billing and invoicing methods, powerful tax calculation engine.

6) Plug-in integration points with 3rd party data providers, rating engines and integration with Business Intelligence for reporting.

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