Next-Generation Policy Admin System for P&C Insurance

In today's softening market, insurers are competing with the same products, pushing prices down and forcing them to look for new markets and cost reductions. Next-generation policy administration systems, like Camilion's Authority SuiteŽ, that leverage a Service-Oriented Architecture (SOA), will enable insurers to compete. These tools-and-rules-based solutions will dramatically reduce the system maintenance costs associated with legacy systems, while automating high touch processes such as underwriting. They also provide a producer portal making insurers more attractive when entering new markets. Technology is evolving at an exponential rate, necessitating a faster, more flexible and more accurate system for underwriting. For those insurers looking for an edge in an increasingly competitive industry, the next-generation policy admin system for P&C insurance is here. Camilion's Authority Suite, with its superior architecture and modern technology platform, is a next-generation policy administration 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. As underwriting becomes automated, time-to-market for new products accelerates. P&C insurers without a quality next-generation policy admin system may find themselves falling behind. Authority Suite helps insurers accelerate the development of better products, optimize underwriting efficiency and write more, profitable business.

Policy Administration System for Property & Casualty Insurance

The characteristics of a superior policy administration system for property & casualty insurance are numerous and varied, but Camilion has worked diligently to ensure that its Authority SuiteŽ can provide any P&C insurer with the desired competitive edge. Authority Suite can drastically shorten sales cycles by facilitating convenient and efficient Straight Through Processing (STP) in-office or online. The entire sales cycle can be reduced to as low as thirty minutes thanks to automated underwriting, which increases efficiency and reduces the possibility for human error. We know that the only true authority on a company's policies is the company itself, which is why our revolutionary policy administration system for property & casualty insurance was designed simply to implement those policies more effectively and precisely.

Property & Casualty Commercial Policy Administration System

Camilion's Authority SuiteŽ is a next-generation property & casualty commercial policy administration system renowned within the industry as one of the most modern and flexible systems available. Authority Suite was designed to support every stage in the entire policy lifecycle, including application data capture, qualification, rating, quote management, bind and issuance and all additional required transactions. In addition to supporting the entire policy lifecycle, Authority Suite shortens it thanks to its Straight Through Processing (STP) capability, which allows for direct online sales. The aspect that makes this a truly revolutionary property & casualty commercial policy administration system is it is powered by Camilion's ProductAuthorityŽ, the world's only "pure" insurance product configurator. ProductAuthority changes how insurers develop and modify products to manage their policies.