Policy Decisions: Complete Policy Lifecycle Administration
Your policy administration system should do more than maintain your records. It should help strengthen your business, making you more efficient, more customer-responsive and smarter. Policy Decisions does.
Combining experience and expertise from both insurance and software disciplines, we built an end-to-end policy processing and management infrastructure that’s unmatched for flexibility, functionality and practicality. You get a system that is complete in both its breadth of capabilities and its rating bureau content. So you’re not simply watching over your data, you’re using it to build your business, satisfy all your audiences and reduce risk.
Ideal for Policyholders, Agents, Underwriters and You
Everybody wants something different from your policy system. Policy Decisions delivers for everybody. Your agents get instant, accurate quoting through Quick Quote options. They have the ability to upload and download information directly through their agency management system. And they can deliver better customer service – because you give them the information, customer reports and bulletins they need to answer questions, anticipate needs and increase retention.
Policyholders like timely, easy-to-understand communications and billing. They also like the enhanced service they get when your customer service team is armed with accurate, instant information. And every facet of your business – product development, underwriting, compliance, accounting, sales and marketing – runs smoother when your information flows more smoothly.
Every Aspect of Sound Policy Administration
From web quoting to streamlined renewal processing, Policy Decisions does it all. With extras, like instant, accurate quotes from the highly configurable Quick Quote, workflow and underwriting capabilities, and fully integrated back office functions like compliance reporting and straight-thru updating:
- Every line of business
- All states
- Rating & web quoting
- Application submission & clearance
- Rule-driven underwriting
- Customized workflows
- Full lifecycle processing
- Post-issue transactions & endorsements
- Out-of-sequence processing
- Automated renewals
- Regulatory compliance
- Certificates of insurance
A Commercial Rating Engine That’s Complete and Insightful
The Policy Decisions rating engine delivers a complete inventory of rates – for all major lines of business, in all 50 states - as well as rates for company-specific programs. The fully maintained and automated inventory includes all the major bureaus, state rating agencies, proprietary rates and all requisite rules, forms and statistical coding requirements. This complete rating package is also completely functional, offering tools and techniques to streamline and optimize the ratings process, including:
- Detailed worksheets
- Schedule credit/debit worksheets
- Complete underwriting documentation
- Web-based, self-service tools for selecting rate/rule and form filings and uploading exceptions and deviations
- Automated (or selected) updates governing thousands of bureau-driven rate, rule and forms changes each year
- Optional online Quick Quote user interface, with application data capture and quote functions for agents