Policy Administration System
Simplify and automate insurance policy operations with our insurance software, enabling you to efficiently manage policies, optimize workflows and store policy data in a structured and easily accessible manner.
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Why Policy Administration System?
Our Policy Administration System is a modern and flexible solution that you can implement as a complete platform or choose only the modules you currently need. Each module can be configured for Life Insurance, P&C (Property & Casualty) Insurance, or both. Our solution allows you to automate the entire policy lifecycle, providing data centralization, full transparency, and scalability tailored to your company's goals.
Build your system. Module by module.
You don't have to invest in a monolithic, closed system. Our platform gives you the freedom to choose. Start with a single module that solves your most pressing problem, and then expand the system as your business grows by adding more functionality.
Full automation. Full control.
Our PAS automates key processes throughout the entire policy lifecycle—from application and servicing to payments. Thanks to its event-driven architecture and detailed event logs, you not only reduce manual work but also gain complete transparency and the ability to track every operation.
One place, the full policy picture.
Create a central source of truth for all policy data in your organization. Our system gathers the complete information and the entire change history of every policy in one place. This eliminates data chaos, simplifies audits, and ensures your team is always working with reliable, up-to-date information.
4 Modules Policy Administration System That You Buy Together Or Separately
Our Policy Administration System is available as a complete, all-in-one solution or as individual modules tailored to your needs. You can choose from four key modules – Policy Processor Module, Policy Register Module, Policy Service Module, and Payment Module – and decide whether to use them together or separately. Each module can be configured for Life Insurance, P&C Insurance, or both, giving you the flexibility to match your business goals and expand with new functionalities.
Policy Processor Module
Keep your clients well-informed.
Policy lifecycle management - Our Policy Processor runs all policy tasks throughout the entire policy lifecycle.
Event-driven architecture - Every action or change in a policy is represented as an event, creating a clear cause-and-effect chain. Processes are structured, easy to modify, and extendable.
Comprehensive policy processes - Covers applications, generation, endorsements, modifications, payments, and more. Easily customized to meet your requirements.
Automation - Configure operations and processes to run automatically, reducing manual work.
Audit and transparency - Generates log entries from policy processing and sends them to the subledger for full traceability.
Policy Register Module
Your single source of policy truth.
Centralized policy repository - Captures all application and policy data, along with events such as issuing, renewals, changes, approvals, payments, cancellations, terminations, and agent changes.
Complete policy history - Tracks both current status and full history of policy changes for full transparency.
Centralized policy single source of truth - Designed to be the only source of policy information, making policy management easier and more reliable.Designed to be the only source of policy information, making policy management easier and more reliable.
Policy Service Module
Administer your policies smoothly.
Back-office management - Supports staff in managing policies and operations directly within the Policy Administration System.
Configurable workflows - Allows users to design and visually configure workflows that guide and support daily operations.
Role-based access - Provides role and authorization controls to ensure compliance, security, and operational efficiency.
Payment Module
Pay your liabilities automatically.
Centralized policy repository - Captures all application and policy data, along with events such as issuing, renewals, changes, approvals, payments, cancellations, terminations, and agent changes.
Complete policy history - Tracks both current status and full history of policy changes for full transparency.
Single source of truth - Designed to be the only source of policy information, making policy management easier and more reliable.
Additional modules that can be incorporated into Policy Administration System:
Benefits
Implement Insurance Software On Time & Within Budget
We present simple steps to ensure a smooth and successful implementation of insurance software. Whether you are upgrading existing systems or implementing new solutions, these tips will help you navigate the process confidently, minimize disruptions, and maximize your return on investment. These are the same steps we follow in our clients' projects.
Customer Testimonials & References
See what leading insurers say about working with Decerto.
Used by the world's leading companies
FAQs
We've gathered answers to the questions we get asked most often.
The Policy Administration System (PAS) from Decerto is an advanced insurance tool for managing insurance policies. It offers functions such as creating and managing insurance policies, automating policy renewal processes, handling policy changes, managing claims, and generating reports and analyses.
Yes, the Policy Administration System is designed to easily integrate with other insurance systems such as CRM systems, claims management systems, and other tools used by insurance companies.
The costs of using the insurance software depend on several factors, such as the number of users, the range of functions, and specific integration requirements. Please contact our sales team to obtain a detailed quote and learn more about our pricing plans.
The insurance software uses the latest security technologies, such as data encryption, secure login, regular security audits, and compliance with international data security standards, to ensure maximum protection of clients' data for insurance companies.
The benefits of implementing the Policy Administration System include increased operational efficiency through process automation, reduced customer service time, improved data accuracy and error reduction, better management of the policy lifecycle, and increased customer satisfaction through faster and more personalized service.
The implementation process for the Policy Administration System involves several stages. Our team of experts supports insurers at every stage to ensure a successful implementation.
Yes, we provide full technical support after the implementation of the insurance software. Our technical support team is available to help resolve issues, answer questions, and provide system updates and maintenance to ensure its optimal performance.
Still have questions?
If you didn’t find the answer to your question on our website, please contact us. We’ll get back to you within 24 hours.
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