Policy Admin System
Highly configurable, flexible policy administration system that allows carriers introduce any filed or non-filed insurance products to market very fast and manage them effortlessly via configurations
Benefits
Speed to market
Design, test and implement new products quickly and make changes to implemented products easily without programming
Lowest TCO
Software license fee, implementation cost and the operational costs are low and does not require a large team to maintain
Underwriting efficiency
Reduce latency and workload by analyzing submissions and automatically flagging items to review. Enable straight through processing when there is nothing to review
Highly scalable
Very heavily optimized to enable high availability and scalability
Open and Modular
Modern, microservices architecture simplifies interfacing with other systems
Pre-configured products
Our domain experts have designed and created configurations for several personal, commercial and specialty lines. This further improves speed to market
Key Features
Rating and quoting
Omnichannel interface to create quotes, compare quotes, create proposals and submissions
Underwriting
Review submissions, create review tasks, assign tasks to underwriters or underwriting assitants, route tasks, issue policies after review is completed
In-force policy administration
Allow endorsements, out of sequence endorsements, renewals, cancellations, reinstatements, rewrite, etc.
Workflow and task management
Apply business rules to create referral/renewal tasks and distribute work across multiple queues. Support for MGA and MGU. Route tasks based on binding authority levels and reassign tasks
Get in touch
For a detailed list of features or to schedule a demo, please contact us by email sales@jarustech.com or phone (412) 922-5432