The Benefits of Using Authority Suite®
Separate Product from Process to Achieve "True" Speed to Market.
Authority Suite is powered by ProductAuthority®, the market's only "true" insurance product configurator. With product configuration at the heart of the system, Authority Suite separates product from process by externalizing and storing all product data and rules from multiple, hard coded operational systems into a centralized product repository where product components can be easily configured and modified. Insurers are able to inherit and re-use product components to make simple product changes in days instead of months and develop multiple products concurrently.
Lower Total Cost of Ownership (TCO).
Authority Suite is a rules and tools-based, highly configurable solution built on a modern technology platform, which substantially lowers Total Cost of Ownership (TCO). It can be deployed on a range of platforms, such as Linux, Windows, or UNIX (AIX/Solaris). Authority Suite is also designed to be database-agnostic and can be quickly configured to work with any relational database.
Gain visibility into the product development process.
Authority Suite provides unique product lifecycle management capabilities through ProductAuthority® Lifecycle Manager, a web-based product management "desktop" that provides automated, collaborative product development workflows. The workflows are designed to support processes related to new and change product requests including contract wording, drafting, and review, state filing package creation and review, and state (DOI) filing management.
Integrate easily with other best-of-breed tools.
Authority Suite is a best-of-breed P&C policy administration system that lets insurers select and integrate with other best-of-breed systems, such as claims, billing, and print solutions. When insurers make a strategic decision to replace these systems, they can easily adopt a new solution with minimal disruption to the policy administration system.
Automate insurance underwriting to improve efficiency and reduce costs.
Authority Suite can provide the necessary balance between automated processes and underwriter involvement. It can be used to automate the entire process-from the initial submission, to issuing the policy, to servicing post-issuance changes.
Make it easier for producers to do business with you.
Authority Suite's online sales portal provides easy access for producers through an intuitive UI; the system can be accessed from anywhere and is easy to navigate, which improves user adoption rates and increases satisfaction. Straight through processing improves the entire sales process because it shortens the time between application and policy issuance by reducing manual touch points.
