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Policy Administration
Policy Administration manages the creation, maintenance, and renewal of insurance policies throughout their lifecycle. This unit handles policy issuance, endorsements, renewals, cancellations, and ensures accurate record-keeping and compliance with regulatory requirements.
This department is part of the Insurance business area .
Products fall into the following categories:
Policy Administration Systems
12 products
Core platforms that manage the entire policy lifecycle from quotation through issuance, endorsements, renewals, and termination. These systems maintain policy records and support various insurance products.
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Rating Engines
11 products
Software that calculates premiums based on risk characteristics, coverage options, and rating algorithms. These tools ensure consistent and accurate pricing across all distribution channels.
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Policy Document Generation Systems
13 products
Applications that automate the creation of insurance policies, endorsements, and other documentation with correct language, coverage details, and regulatory disclosures.
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Customer Self-Service Portals
7 products
Web-based interfaces that allow policyholders to view policy information, make payments, request changes, and access documents without contacting customer service.
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Billing and Payment Processing Systems
12 products
Solutions that manage premium invoicing, payment processing, installment plans, and account reconciliation for insurance policies.
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High-Volume Document Scanners
9 products
Industrial-grade scanning equipment that digitizes large volumes of policy documents, applications, and supporting materials for electronic storage and retrieval.
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