Next-Generation Policy Administration for Property & Casualty
Today's property and casualty insurers are challenged to meet the markets' demands for speed to market and ease of doing business. Many insurers are replacing their aging policy administration systems to:
- Accelerate product development
- Transform sales processes
- Optimize underwriting efficiencies
- Be easier to do business with
- Precision price
A Complete Policy Administration System
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"...one of the most modern and flexible policy administration systems available."
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| Celent Policy Administration Systems 2007: P/C Commercial Lines Vendors
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With its superior architecture that separates product from process and modern technology platform, Authority Suite® is a next-generation P&C policy admin system that supports the entire policy lifecycle including application data capture, qualification, rating, quote management, bind, issuance and post-bind - not just pricing and calculations.
Authority Suite is powered by ProductAuthority®, the only "pure" insurance product development solution. All product data and rules are externalized in a central repository, and products can be rapidly configured - without impacting workflows and policy transactions - because product is separated from process.
- A consolidated underwriting workstation
- Straight-Through Processing
- Self-service portal and online sales
- A "pure" insurance product configurator
- Simplified integration with Claims, Billing, Print and Data Warehouse solutions
Benefits of Using Authority Suite
Authority Suite provides unprecedented agility with same-day policy issuance and 50% reductions in system maintenance costs. It will help you:
- Improve time to market for new products
- Be easier for producers to do business with you
- Shorten policy submission to issuance times
- Reduce costs
- Focus on underwriting efficiency
- Minimize premium leakage
Modern Technology Platform
Authority Suite is a web-centric, componentized solution built to leverage a Services Oriented Architecture (SOA). Through the use of web services, XML and J2EE, Authority Suite can easily integrate with any enterprise system and supports all ISO lines.
Download our profile from the Celent Policy Administration Systems 2007:
