RapidSure – Innovative Policy Administration Solution for General Insurance
The insurance industry is at a crossroads, under pressure to meet heightened needs of intermediaries and customers who have grown to expect information and answers at Internet speed. Add the increased competition, legislative and regulatory requirements, tight market conditions aprond escalating operational costs, and the complex challenges insurance organizations face today loom larger and more compelling.
RapidSure is the software solution designed specifically to meet these needs and to function effectively in the new insurance dynamics for the future. Utilizing the most modern technologies, the suite provides insurance carriers with the most flexible, comprehensive and advanced solution on the market. A Rules-Based engine along with a robust Product Configuration Engine enables rapid product deployment and tremendous market agility.
RapidSure was architected using insurance based enterprise architecture to ensure that all solutions are tuned specifically for use by insurance carriers and producers. The solution supports processing for Commercial (ISO & non-ISO), Personal and Specialty lines products and is designed to handle complex policies and high volume transactions. In addition, RapidSure is built on Service Oriented Architecture (SOA) which facilitates ease of integration with existing corporate systems.
RapidSure General Insurance Key Benefits
- Rapid response to market demands with accelerated product development and deployment
- Improved efficiency of business processes with Straight Through Processing
- increased business retention and acquisition thanks to One-Touch quote and policy processing
- Support of multiple distribution channels and real-time collaboration
- Reduced implementation risk thanks to the unique component design allowing a step-by-step approach
The RapidSure General Insurance Suite
RapidSure suite for General Insurance contains the following modules:
