Overview
Policy Decisions is an advanced policy processing platform designed with configurable components that enhance content and functionality, ensuring flexibility throughout the entire policy lifecycle—from submission to renewal including full automated support for out-of-sequence and cross-term endorsements. It is successfully utilized at companies with direct written premiums ranging from Tier 1 to Tier 4, and which vary from start-ups to carriers with dominant presence in the marketplace. We cater to a diverse array of distribution channels, including direct sales, brokers, agents, and captive sales forces. Our platform supports various industry standards, including ISO, NCCI, AAIS, and Monopolistic Workers' Compensation Boards. We offer solutions for commercial lines (including workers' compensation), personal lines, and specialty lines of business. Policy Decisions is part of our Decisions Suite, which encompasses a comprehensive range of functionalities, including content management, portals, underwriting, rating, policy management, billing, claims processing, regulatory compliance, management reporting, business intelligence, and bureau reporting. Our solution is available in both deployed and fully hosted cloud formats and can be delivered on a component basis to support a best-of-breed strategy.
Key Features
- Full regulatory content and maintenance for bureau based business
- End-to-end policy administration support for all lines/tates as it relates to commercial, workers' compensation and specialty
- Automated out of sequence processing.
- Full product configurability
- Self-Service Forms
- Unique, role-based user experiences across all functional areas
- Capability to invoke features and functions through a configurable API layer
Key Benefits
Tools-Driven Web Architecture
• Off-the-shelf line of business support can be customized and configured into programs and products as needed.
Data & Analytics Infusion
• Our content specialists support the complex task of monitoring, analyzing, interpreting and integrating bureau content into the system, including all customer exceptions and unique implementations clients require.
User/Role Centricity & UX Flexibility
• Whether you’re a retail broker, MGA, aggregator, or affiliate, users have complete flexibility when it comes to functions and data views.
• Users can easily define what they most need to see in the system.
Digital Experience
• Policy Decisions Evolution supports experiences within the application and can extend these services to other areas, such as rating, rules, and functions.
• Domain expertise and customer base Regulatory support service, hosting, and cloud services
• Flexible support model from full to self service
• Data and analytics integrated with predictive modeling and analytics
• Flexible, role-based UX support from native UI as well as external UI utilizing system APIs and microservices from same instance