Policy Administration

Enabling carriers to manage their policies with efficiency and profitability

Fully automated underwriting experience

PCMS Atlas Policy Administration provides a fully automated underwriting experience throughout the entire policy lifecycle. It handles complex and unique policy processes especially for carriers with a wide and varied insurance product portfolio.

Key Features

  • Support Personal, Commercial, and Specialty lines
  • Straight-through processing
  • 360-Degree view of Policyholders
  • Support new product creation processing
  • Quick Quote
  • New Business Issuance
  • Endorsements (including mid-term, cross-term, and out-of-sequence)
  • Versioning (historical snapshots)
  • Premium Audit
  • Short-rate and Pro-rata Cancellations
  • Renewals, Rewrites, Reinstatements (gap or rescind), Cancellations
  • Certificates
  • Statutory and compliance maintenance
  • Pre-integrations that support data prefills (LexisNexis, ADP) and risk information for intelligent underwriting
  • Support reinsurance arrangements, including quota share, excess loss, facultative, and catastrophe

Benefits

Increase speed-to-market

Quicker to introduce new insurance products or ability to modify existing ones

Higher customer satisfaction

Flexibility in responding to changing customer needs – offering insurance that is valued

Improved Efficiency

Automating day-day administration and streamlining processes

Reduce operating expenses

Cost-effective with employees focusing on more strategic tasks as opposed to routine work