Insurance policy administration systems act as the record management system for all insurance policy-related information. This includes records such as quotes, rating actions, issuances, renewals, and more.
Insurance policy administration solutions are designed to manage an insurance company’s entire catalogue of policies on offer and all policies they have issued. Insurance policy administration systems manage the entire policy lifecycle, including housing and updating policy details, updating new billing information, tracking beneficiary changes, ending policies, designing transaction workflows, and more.
To qualify for inclusion in the Insurance Policy Administration Systems category, a product must:
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Applied Epic is the industrys most technologically advanced, flexible and secure cloud-based agency management system, providing powerful automation capabilities and a greater level of visibility across an entire book of business. The system offers a single, open application with integrated capabilities to efficiently manage customer relationships, policy and benefits administration, sales automation, and financial accounting processes.
InsPro Enterprise™ is an end-to-end insurance policy administration suite that helps you administer a full spectrum of products, expedite new product launches, and serve customers, members, and agents more efficiently. Engineered to be highly flexible, the system comes fully loaded with preconfigured, product-specific templates that allow configuration analysts to perform everyday tasks. InsPro Enterprise includes system functions that are core (for operational areas) or cross-functional (to support or extend core functionality). Although the system provides a total solution, it also accommodates clients who prefer to interface with their current third-party or homegrown solutions (for example, claims, agent compensation, or portals).
Serving small to mid-sized life insurance companies with proven, reliable and intuitive policy administration solutions since 1988. Nearly 50 companies trust QLAdmin for expert processing of their traditional life, health and annuity business. Also offering an out-of-the-box solutions for Medicare Supplement claims auto-adjudication for all plans in every state.
QUILT means Quality Insurance Transactions and it is stitching together disconnected insurance system processes and implementing an insurance industry communications standard. With QUILT, the InsuranceIsland infrastructure enables both carriers and independent agencies to not only share data, but to also process real-time insurance transactions, such as quotes, renewals, New Business and other electronic communication.