Insurance Suites Software

Insurance Suites Software Overview

Insurance Suites Software are single-vendor solutions offering a comprehensive set of functions and features to support the business activities of insurance companies. These functions are offered through modules that facilitate customization based on client requirements and include the following categories of insurance software.

Policy Management - supports the development and administration of policies for insurance products and customers, including rate management, quotes, underwriting, risk management, issuances, and renewals.

Claims Management – evaluates and manages claims, automating the workflow for claim processing and tracking, supporting related litigation, negotiation, and settlement activities.

Agency Management – enhances customer relations and engages potential customers using marketing capabilities and customer relationship management tools.

Billing – client billing, invoicing, payment processing, and reconciliation for insurance services.

Commission Management – tracks agent policy sales, incentives, and commissions.

Analytics – informs customer interactions, identifies potential product promotions, drives pricing decisions, detects fraud, and identifies opportunities for operational cost savings.

Compliance – supports regulatory compliance covering policies, procedures, incident and complaint management, auditing, and reporting.

These Insurance Suites are used by insurance companies, agencies, and their agents. They are most often used by large companies, which have multiple locations, to support a variety of insurance offerings. The suites provide the flexibility to handle a range of products and services such as property and casualty, life, and annuity, for commercial enterprises and private parties.

Insurance Suites Software is closely related to and overlaps with InsurTech Software , which uses technologies such as cloud-based services, APIs, AI, mobile apps, and consumer wearables to enhance insurance industry operations and improve the customer experience.

Insurance Suites Products

(1-25 of 53) Sorted by Most Reviews

The list of products below is based purely on reviews (sorted from most to least). There is no paid placement and analyst opinions do not influence their rankings. Here is our Promise to Buyers to ensure information on our site is reliable, useful, and worthy of your trust.

MACAW CRM

MACAW CRM system has been designed exclusively for the insurance sector. Prospects lead to opportunities, which leads to quotes, which leads to payment to the policies. In insurer requires, the underwriting and rating engines can be added. Salesforce can be deployed, managed and…

BlueMind

BlueMind is a digital office that helps advisors manage their business, from lead nurturing to policy execution. The solution uses AI to automate compliance, handle unstructured data, generate policy recommendations, highlight revenue opportunities and perform advisor analytics. The…

Vertafore Agency Platform

Vertafore Agency Platform is the vendor's comprehensive suite of applications for managing policies, customers, payments and claims, and integrates with other popular applications (e.g. DocuSign) to provide a comprehensive solution for agencies.

Profit Property&Casualty

Profit Property&Casualty is meant to support all policy lifecycle management needs with additional modules , and is offered by Finnish company Profit Software.

PCMS Atlas

PCMS in Dallas offers Atlas to property and casualty insurers, a modular platform featuring most applications needed by insurers (e.g. billing, policy and claims administration, workflow automation, and more).

Velocity Standard

VRC Insurance Systems in California offers Velocity, an Insurance Suite containing a general ledger and all needed financial applications, policy and document management, and administrative automation features.

Gamechanger Suite

Decision Research Center (DRC) in Honolulu offers the Gamechanger Suite is an insurance suite to provide end-to-end administration support and automation for personal, commercial, and also specialty insurers.

Insurity Workers Comp Suite (Tropics Claims)

nsurity Workers Comp Suite (replacing the former Tropics Claims) is a workers' compensation focused insurance claims administration software, featuring document and payment management, an automated reinsurance module with definable rules, and is now supported by Insurity since acquired…

InsuranceEnterprise

CodeObjects offers InsuranceEnterprise, their largest and most comprehensive suite of applications for insurers meant to supply end-to-end administration automation with applications specific to insurers (policy management, claims, underwriting, etc).

FINEOS AdminSuite

FINEOS AdminSuite is a comprehensive set of applications for insurers for claims, billing, and policy administration.

InsuraSphere

IDP (Insurance Data Processing) offers InsuraSphere, an end-to-end application suite purposed to help larger insurance companies manage all their operations and provide automation support with little or no need for other applications.

Insurity Sure MGA Suite (ConceptOne)

The former flagship product from Epic-Premier, ConceptOne (now the Insurity Sure MGA Suite), is presented as a comprehensive and integrated suite of application for insurers featuring policy and accounting, claims and billing, and automated workflow. Insurity acquired Epic Premier…

Socotra

Socotra in San Francisco offers a comprehensive suite of applications for insurance, including policy administration and marketing automation, underwriting and claims management, and billing and payment management.

Diamond Suite

Insuresoft in Illinois offers their suite of applications for insurers. Called the Diamond Suite, the applications (from policy management, to billings and claims,) can be used independently or as a comprehensive package.

Insurity Decisions

Insurity offers a suite of applications, the Insurance Decision Suite , which features Insurance Enterprise View along with additional applications: Policy Decisions, Billing Decisions, Claims Decision, and Reinsurance.

Profit Life&Pension

Finnish company Profit Software offers their flagship product Profit Life&Pension, as an end-to-end solution aiming to contain all necessary modules and automation for these particular insurers.

Eurobase Synergy2

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.).

ID3

ID3 is a life insurance policy management system from StoneRiver, a Sapiens company.

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…

LISS Systems

EXL now offers and supports the LISS Systems insurance suite (acquired 2016), providing a policy administration solution for the life and pensions industry that supports business products and processes through all aspects of the commercial lifecycle.

LifePRO New Business Suite

The LifePRO New Business Suite from EXL in New York includes applications and platforms designed to offer insurance companies flexibility, support and efficiency.

InsureEdge

Damco’s InsureEdge is insurance software that helps companies in organizing their books of business and run their core operations more efficiently. It automates and streamlines a number of core business processes.The modular insurance management software can integrate with various…

Pentation Analytics Insurance Analytics Suite

Insurance Analytics Suite™ is designed specifically for the insurance industry. It is a Self-service Analytics solution for Life, P&C and Auto. The platform’s modular workflows enable Insurance Carriers, Insurance Brokers, Banks, Loan Companies and Mutual Funds to add value…

Benelinx -  Agency Management System

Benelinx is an agency management solution for the employee benefits industry. The software provides benefits brokers with an integrated approach to agency management, automating day-to-day operations, sales & renewals, and client services within a secure, cloud-based platform.…

Smart Agent

Smart Agent is an Insurance policy management app for Insurance agents or agencies. It can be used for any kind of insurance (life, general, motor etc) & it can be managed with any company policy in it. Insurance agents also create their website & get more customers from…

Learn More About Insurance Suites Software

What is Insurance Suites Software?

Insurance Suites Software are single-vendor solutions offering a comprehensive set of functions and features to support the business activities of insurance companies. These functions are offered through modules that facilitate customization based on client requirements and include the following categories of insurance software.

Policy Management - supports the development and administration of policies for insurance products and customers, including rate management, quotes, underwriting, risk management, issuances, and renewals.

Claims Management – evaluates and manages claims, automating the workflow for claim processing and tracking, supporting related litigation, negotiation, and settlement activities.

Agency Management – enhances customer relations and engages potential customers using marketing capabilities and customer relationship management tools.

Billing – client billing, invoicing, payment processing, and reconciliation for insurance services.

Commission Management – tracks agent policy sales, incentives, and commissions.

Analytics – informs customer interactions, identifies potential product promotions, drives pricing decisions, detects fraud, and identifies opportunities for operational cost savings.

Compliance – supports regulatory compliance covering policies, procedures, incident and complaint management, auditing, and reporting.

These Insurance Suites are used by insurance companies, agencies, and their agents. They are most often used by large companies, which have multiple locations, to support a variety of insurance offerings. The suites provide the flexibility to handle a range of products and services such as property and casualty, life, and annuity, for commercial enterprises and private parties.

Insurance Suites Software is closely related to and overlaps with InsurTech Software , which uses technologies such as cloud-based services, APIs, AI, mobile apps, and consumer wearables to enhance insurance industry operations and improve the customer experience.

Insurance Suites Software Features

Insurance Suites Software will include many of the following features.

  • Underwriting
  • Rating
  • Risk assessment
  • Price quotes
  • Policy administration
  • Claims and settlement processing
  • Billing and payment processing
  • Commissions
  • Marketing and CRM
  • Automated workflows
  • Centralized repository for all policies and claims
  • Client claims portals, customer communications, and mobile accessibility
  • Fraud detection
  • Analytics, audit trails, and reporting
  • Compliance
  • Chatbots
  • Security

Insurance Suites Software Comparison

Consider the following when purchasing Insurance Suites Software.

Scope / Use Case: Insurance Suites Software functions are put together as individual modules that support specific insurance needs such as policy administration, claims, or agency management. Purchasing an integrated suite will offer a seamless experience that covers the entire insurance life cycle. However, businesses that do not need a full feature set are able to purchase modules individually if that best suits their requirements.

Pricing Information

Insurance Suites Software are custom solutions. Obtaining a price quote based on your specific needs is the best way to understand its cost. Pricing is determined by the feature set and the number of users. Free trials are available.

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Frequently Asked Questions

What does Insurance Suites Software do?

Insurance Suites Software provides integrated solutions that support the entire insurance life cycle from initial customer engagement to policy issuance to claims and settlement.

What are the benefits of using Insurance Suites Software?

Insurance Software Suites streamline insurance management, automate workflows, increase efficiency, reduce costs, identify fraud, improve customer engagement, enhance the customer experience, and support regulatory compliance.

What are the best Insurance Suites Software products?

How much does Insurance Suites Software cost?

Obtain a custom vendor price quote based on your requirements and the scale of your operation. Free trials are available.