Overview
Sapiens PolicyPro for Property & Casualty (formerly Adaptik Policy) is part of the Sapiens CoreSuite for Property & Casualty and is a scalable and configurable quote, submission and policy management system. PolicyPro is used by agents, underwriters and customers to quote, issue and administer policies, including integration with third-party systems. PolicyPro provides comprehensive policy lifecycle support for all P&C lines of business.
It provides role-based processing, quick quotes and full application data capture flows, as well as configured, straight-through processing. Complete quote, issue, bind and service functionality includes “what-if?” scenario building. The PolicyPro solution offers carriers full policy lifecycle management, including new business issuance, changes, cancellations, reinstatements, renewals and comprehensive support for out-of-sequence transactions. Complete historical views of policy information include full audit capability.
Additional extension components include Customer ManagerPro – which provides agents and underwriters with a complete customer picture at a glance – Work ManagerPro – which enables P&C insurers to track and manage work items across the enterprise for better customer service and improved collaboration between agents and underwriters and - ProducerPro which enables carriers to effectively manage agencies and agents that are appointed to sell thier products.
Key Features
- Low code - No code
- Highly configurable solution with business user designed tools allowing for customer self-suffeciency
- Able to support all distribution channels with unique workflows and screens which leverage the same product and business rules
- Designed for all lines of business (Personal, Commercial, Workers Compensation, Specialty)
- Out-of-the-box fully operational (complete policy life cycle) templates for most lines of business
Key Benefits
- Automated and end-to-end, the platform eliminates manual processes and increases accuracy and productivity of underwriters
- Integrated Partner EcoSystem that deliver innovative P&C solutions and capabilities
- A global view of the customer across all quotes and policies, offers underwriters and agents the tools to thoroughly aggregate and analyze their customer profile, resulting in better service and retention
- Modern architecture with exposed APIs for ease of integration
- Modern and automated management enables insurers to support new sales channels, shorten the deployment of new and innovative products, increasing their competitive advantage