Atlas

PCMS Atlas is an advanced seamlessly unified platform that handles core processing for all Property & Casualty lines of business, and designed to deliver frictionless experience, increase efficiency, and help drive revenue growth. Atlas integrates the entire insurance enterprise: underwriting, policy administration, claims processing, billing and collections, reinsurance administration, and re-porting (statutory/management).

Policy Administration

• Fully supports Personal, Commercial, Workers' Compensation and Specialty lines insurance
• Supports straight-through processing
• 360-Degree view of Policyholders
• Supports 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
• Supports reinsurance arrangements, including quota share, excess loss, facultative, and catastrophe

Billing & Accounting

• Full Accounts Receivable (AR) and Accounts Payable (AP) management
• Supports Direct Bill, Agency Bill, Account Bill, and List Bill
• Multiple payment methods (ACH, Credit Card, Check)
• Flexible bill payment options (stated percentage monthly or quarterly, one-time annual)
• Agency/Broker accounting and Premium/Loss accounting
• Simplified Commission processing (multi-plans, automated calculations)
• Supports pay-as-you-go for workers' compensation (premium payment plan)
• Auto-Generated return-premium, write-off, invoices, revised bills, reminder notices, and more
• Full Cash receipt management and Collections
• Automated Lockbox and Check reconciliation

Claims Management

• Fully supports Personal, Commercial, Workers' Compensation and Specialty lines insurance
• Supports straight-through processing (support low-touch and no-touch claims)
• Robust out-of-the-box functionality and user centric experience (360-degree claim summary view)
• Dynamic intelligent claim intake (FNOL /FROI) processing and workload balancing
• Centralized Claim and Incident Data
• Claim Segmentation (split assignment based on coverage type)
• Reserve Worksheets (support multiple versions and sub-benefit level reserving)
• Flexible Payments (one-time, recurring, split, bundled)
• Catastrophe Management
• Supports full Recovery Management (Subro, Salvage, Second Injury Fund)

• All-in-one comprehensive core insurance processing suite
• Highly scalable platform that increases performance efficiency
• Fully configurable to optimize and automate overall business operations
• Flexible API integrations that allow for accelerated connections with third-party data and service providers
• AI and Machine Learning tool for new business submission ingestion processing
• Cloud-native to enable digital transformation
• Secure access to information from anywhere in the world