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 49) 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.
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.

BriteCore

BriteCore in Springfield, Missouri offers an insurance suite, featuring data warehouse, and administrative automation support, as well as policy management, among other features.

ISI Enterprise

Insurance Systems in Toronto offers ISI Enterprise, an insurance suite for property and casualty insurers containing policy administration features, along with billing, claims, reinsuring and accounting, among other features.

PolicyHandler

JW Software in St Louis offers PolicyHandler, a policy management system for workers compensation insurers that also features all modules necessary for supporting the policy lifecycle process such as billing, rating, renewal, and other tools.

Sircon for Carriers (formerly Vue Distribution Management Suite)

The Sircon for Carriers portfolio (based on the former Vue Distribution Management Suite, acquired by Vertafore May, 2019) is a suite of integrated products designed to provide the flexibility that helps insurance carriers build more effective, profitable, and compliant distribution…

TLDCRM

TLDCRM (Total Lead Domination CRM) is a customer and call management platform that supports insurance industries sales operation, and also contains policy management features. TLDCRM is located in Hialeah, Florida.

Wynsure

Wynsure is an Insurance Suite from Wyde, an Mphasis company. Wynsure emphasis front and back office automation, but features policy administration, billing and document management, and other features.

Majesco P&C Suite

Majesco P&C Suite includes policy, underwriting, billing, claims modules, and is configurable to meet the needs of property, casualty, and also general insurers.

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).

Guidewire InsuranceSuite

Guidewire offers InsuranceSuite, their comprehensive suite of applications meant as a single source of truth for all customer, financial, and transactional data, and offers supports administrative automation for property and casual insurers.

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…

Inspro Enterprise

Inspro Technologies in Pennsylvania offers Inspro Enterprise, a comprehensive policy administration system for insurers providing billing and claims management, policy administration, and underwriting among other features with the goal of providing an end-to-end sufficient system.…

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).

tigerlab INSURANCE

Malaysian company tigerlab offers the INSURANCE suite of applications, meant to provide an end-to-end solution for insurers featuring back office automation, self-service portal, marketing, and more.

Sapiens IDIT

Sapiens headquartered in Cary, North Carolina offers Sapiens IDIT, a suite of applications for the non-life and general insurance providers.

Insurity Sure Suite

As personal and commercial lines become more complex, insurers need a fast, simple, and configurable platform that’s ready to scale with them. Sure Suite by Insurity aims to deliver true speed to market through a modern, intuitive, and cloud-native platform.

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.

Accenture Life Insurance and Annuity Software

Accenture offers ALIP, or Accenture Life Insurance and Annuity Software, a comprehensive suite of modules covering case and policy management, automated underwriting and other features.

PN InsuranceExpert

Patriot Technology in Fort Lauderdale offers PN InsuranceExpert, their most comprehensive offering for insurers focused on enhancing the workflow with automation but containing all modules of necessity for insurers such as claims, billing, underwriting, and policy administration.

EIS Core Insurance Suite

EIS Group offers their Core Insurance Suite as an end-to-end solution for personal and commercial (P&C) general insurers, which includes the vendor's application for policy, claims, and billing.

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.

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.

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.