Property & Casualty
RapidSure Policy Administration Software
RapidSure Policy Administration manages the full sales life cycle of an insurance contract, from the initial quote, through policy issuance, as well as a full range of amendment capabilities to the insurance policy.
RapidSure for Policy Administration - Delivering Business Results
Based on field-proven best practices, RapidSure Policy Administration delivers the business processes and tools needed for carriers to address the ever competitive insurance landscape.
RapidSure Policy Administration is built on SOA architecture and the most trusted and current technologies, enabling seamless interface with a variety of internal and external systems like ACORD and ISO.
Benefits:
- Eliminates duplication and manual processes
- Improves efficiencies, accuracy, consistency and completeness of policy transactions
- Improved customer service for both producer and policyholder, increasing retention and
new business acquisition - Real-time delivery of policy underwriting information and documents
- Increased supply chain productivity and profitability
- Faster response to market demands, reducing lost opportunities
- Accelerates product development and deployment. Launch new products quickly
- Greater control and flexibility over product specific underwriting rules
- Improved access to information and integration with existing systems and business partners
Features:
- Full Policy Lifecycle including Out of Sequence change processing
- Product development and maintenance tools, including rules engine, product configuration, workflow and user interface
- Open architecture utilizing SOA, Web Portal and Web Services
- Reusable pre-built insurance products
- Insurance data messaging integration, supporting industry standard data formats
- Automated underwriting and rating, supporting straight through processing
- Integrated workflow and policy definition engines
- Predefined data upload and download with producers and business partners
The RapidSure Property & Casualty Suite
In addition to the Policy Administration Software, RapidSure suite for P&C Insurance contains the following modules:
Contact Sapiens today to learn more on RapidSure Policy Administration Software for P&C