Insurance Policy Administration Systems

Best Insurance Policy Administration Systems include:

Evitec Life Savings, ALIP Policy Administration and NowCerts.

All Products

(1-25 of 93)

1
AgencyBloc AMS+

AgencyBloc is an insurance agency management system from the company of the same name in Iowa, built around patient communication and customer relationship management, as well as back-office automation.

2
EbixEnterprise

Ebix, headquartered in Johns Creek, offers EbixEnterprise, an insurance suite supplying integratable modules supplying CRM (powered by Ebix's SmartOffice solution), insurance exchange, policy administration, and other features. EbixEnterprise can be configured to meet the needs of…

3
PolicyFlow
0 reviews

Insurance broker management software designed by insurance brokers, built by software engineers. PolicyFlow is a configurable, ready-made, web-based solution utilising cloud technology.

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4
SSP Worldwide
0 reviews

SSP is a global supplier of technology systems and software for the insurance industry, that, with software, helps brokers, insurers and MGAs operate more efficient businesses. The software suite's functionalities are tailored to meet the specific needs of either brokers, insurers,…

5
ClpHub
0 reviews

ClpHub is a global provider of cloud-based insurance solution designed for all size insurance companies. They provide policy, claims, accounts, invoices, tasks management systems. Their SaaS platform delivers flexibility for managing business processes and simplifies the communication…

6
Asteya
0 reviews

Asteya’s digital insurance platform, from Asteya headquartered in Miami, is for small businesses and entrepreneurs to protect their income against disability, injury, and death. Their policy programs start at around $5 per month, depending on the plan desired.

7
Evitec Life Savings

Evitec Life Savings offers a policy administration solution for Life insurers with savings and pensions products. Presented as an automated and future proof insurance platform, it handles policy sales, lifecycle management and claims processing in a secure and proven manner.

8
Equisoft/manage

Equisoft/manage (formerly Equisoft Composite) is a SaaS policy administration solution using low-risk, production‑ready digital business processes.

9
PolicyHandler
0 reviews

Software solution for policy administration from JW Software headquartered in St. Louis, designed to support all phases of the policy lifecycle. PolicyHandler Enterprise's™ capabilities include data-driven rating tools, quoting, automated renewal processes, billing, and optional…

10
Evitec Property & Casualty

Evitec Property & Casualty is a policy management solution for running the whole P&C product offering. With policy sales and lifecycle management as the core and a comprehensive set of integrations to dependent services, both personal and commercial lines are efficiently managed…

11
Decision Research Corporation (DRC)

DRC offers software solutions to the Property & Casualty (P&C) insurance industry for large carriers, small start-ups and MGAs alike in the United States and globally deploy DRC’s SaaS and onsite solutions to manage total written premium in excess of $7 billion. DRC’s cloud-based…

13
ProNavigator
0 reviews

14
NavRisk
0 reviews

15
PINS
0 reviews

16
ALIP Policy Administration

ALIP Policy Administration provides insurance agencies with prebuilt templates for products and rules, webpage creation tools, and analytics and predictive modeling. This software aims to help agencies work faster and more efficiently by automating many policy administration processes.…

17
Andesa Policy Administration

Andesa Policy Administration is a cloud-based policy administration system for life insurance and annuity. The software aims to offer a flexible, automated solution with reporting and validation capabilities.

18
QLAdmin Policy Administration

QLAdmin Policy Administration is designed to provide processing and support throughout the entire policy lifecycle of policy types ranging from traditional life insurance to major medical insurance. The software also includes document and correspondence management, accounting, and…

19
PolicyCore
0 reviews

PolicyCore aims to help insurance agencies manage the end-to-end lifecycle of multiple products on the same platform. This software supports insurance policy types including benefits, life, health, dental, and P&C.

20
Eurobase | Synergy2 Reinsurance

UK company Eurobase International offers synergy, an insurance agency lifecycle management system with a set of business management and insurance specific features (e.g. claims, underwriting, etc.).

21
Eurobase | Synergy2 Captives

End-to-End Captive Insurance Platform Synergy2 is a digital, end-to-end platform that supports the unique challenges of captives with the depth of capability from the company's experience in reinsurance, specialty lines, and the London Market. The system is presented as a release-…

22
Firelight by Insurance Technologies
0 reviews

FireLight is a multi-carrier sales platform from Insurance Technologies, that delivers a suite of interconnected sales components that transforms the way insurance, retirement and investment products are marketed, sold and supported. It provides a configurable solution to implement…

23
EbixAdvantage
0 reviews

Ebix, headquartered in Johns Creek, offers EbixAdvantage, the company's insurance agency management suite designed to meet the needs of property and casualty insurers.

24
Go-Insur
0 reviews

GO-INSUR is a policy admin InsurTech solution for MGAs, Brokers and Insurers looking to digitize their insurance operation. The solution helps users to: Adapt quicker to changing market trends.Rapidly launch new products (hours not days)Expand distribution more easily.Reduce operational…

25
CertAdvisor
0 reviews

Learn More About Insurance Policy Administration Systems

What are Insurance Policy Administration Systems?

Insurance policy administration systems are software designed to help insurance agencies manage policies through their entire lifecycle. Insurance agencies use them to simplify and automate the policy maintenance process. This simplification continues from initial quote to final termination.

This policy administration includes front-end aspects, like corresponding with policyholders, providing web applications and forms for them to use, and handling transactions. On the back end, insurance policy administration systems assist with billing, accounting, quotes, policy changes, renewals, and terminations. Insurance policy administration systems also help automate adding or changing products and rules. They allow users to store and reuse rules and product templates.

These products provide users with assistance in advanced actuarial calculation and underwriting. They also offer real-time access to policy data, typically updated overnight. Along with policy data, users can view analytics and predictive modeling. This predictive modeling can help with rate adjustments as needed. Insurance administration systems sometimes offer claims management and processing capabilities as well.

Insurance Policy Administration Systems vs. Insurance Suites Software

Insurance policy administration is often included as one of many functions in insurance suite software. If you want a more comprehensive solution that manages all aspects of your insurance agency, you might want to consider a full software suite instead. If you only need or want policy administration functions, you will likely save money and get a less complicated and more specialized tool by going with an insurance policy administration system.

If you just need policy administration for now but think you might want to scale up in the future, some insurance policy administration systems that are part of full suites are sold individually. Choosing one of these options will allow you to expand without having to switch to a different system.

Insurance Policy Administration Systems Features

You can expect Insurance Policy Administration Systems to have many of the following features:

  • Policy service and maintenance
  • Actuarial calculation engine
  • Claims and payout processing
  • Billing and accounting
  • Tax and regulatory information
  • Quotes and inquiries assistance
  • Underwriting assistance and automation
  • Document and correspondence management
  • Reusable rules and templates for new products
  • Analytics and predictive modeling
  • Personalized customer communications
  • Real-time data access
  • Prebuilt customer-facing web applications

Insurance Policy Administration Systems Comparison

Before deciding to purchase an insurance policy administration system, there are a few key factors to consider:

  • Industry: Some insurance policy administration systems are designed for a particular subset of the insurance industry, such as life insurance or property and casualty insurance. These are good options for more specialized insurance agencies. If you currently offer a broader range of insurance policies or plan to in the future, you will likely want to consider a system with broader potential.
  • Stand-Alone vs. Suite: It is important to consider whether you need a more comprehensive software solution for your insurance agency. If so, you may want to choose an insurance suite software product instead.
  • Specific Features: Insurance policy administration systems vary in some of their less standard features. You may prefer a system that excels at policyholder communication in particular, or one that is very good at automating tax forms.

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Pricing Information

Vendors typically do not make pricing information for insurance administration systems publicly available. They will provide custom quotes and demonstrations upon request. Pricing will likely be based on your industry, desired features, and number of users.

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Frequently Asked Questions

What do insurance policy administration systems do?

Insurance policy administration systems provide end-to-end lifecycle management of policies for insurance agencies. They also help users create and manage new rules and products and communicate with policyholders.

What are the benefits of using insurance policy administration systems?

Insurance policy administration systems help users save time by automating policy changes, rule changes, and the introduction of new products. They also provide predictive modeling and calculation functions. In doing so, they help users save time and energy in determining rates.

What is the difference between the claims functionality of insurance policy administration systems and insurance claims management software?

Insurance systems administration systems have some capabilities around processing and paying out claims. Insurance claims management software focuses on evaluating claims for risk of fraudulence.