PolicyCore

PolicyCore, developed by EIS Software Limited, is a policy administration and underwriting solution designed to meet the needs of insurance companies, underwriters, policy administrators, benefit providers, and insurance agents. According to the vendor, this software aims to accelerate time to market, enhance underwriting proficiency, elevate service delivery, and improve operational efficiencies. With its wide range of features and capabilities, PolicyCore is positioned as a solution suitable for businesses of various sizes operating in the insurance industry.

Key Features

Accelerate Time to Market: According to the vendor, PolicyCore enables insurers to respond faster to changing benefits market demands by allowing for the creation, testing, and launch of new products in weeks instead of months or years. It provides ready-to-use connections to online channels, digital capabilities, and portal integration, while offering easily configured and reusable product components.

Underwriting Excellence: PolicyCore aims to bolster underwriting proficiency and accuracy across benefits operations, automating error-prone manual tasks, ensuring compliance, improving risk-to-exposure pricing, and empowering underwriters to spend more time securing the right benefits business, according to the vendor.

Elevate Service Delivery: According to the vendor, PolicyCore aims to provide faster, more consistent, and accurate service to plan sponsors, policyholders, and distributors. It aims to reduce churn and grow revenue by allowing customers and producers to interact using their preferred methods and accommodating any enrollment channel.

Enhance Operational Efficiencies: PolicyCore aims to manage the entire book of business on one system, offering customizable workflows and process automation to provide comprehensive real-time views of business activities across the benefits lifecycle. According to the vendor, this helps control costs and streamline operations.

Digital Connection with EIS DXP®: PolicyCore, according to the vendor, aims to make real-time policy information available through personalized digital experiences. It aims to keep everyone informed and engaged with informative alerts and notifications, provide always-on access to policy information and documents for customers, and enable mobile and online quotes, policy changes, and lead and customer management for producers.

Platform Power: Powered by the EIS Platform, PolicyCore includes common business services and tools, offering real-time monitoring, analytics, and reporting capabilities. According to the vendor, it allows for easy configuration of rules and automation of underwriting and policy administration processes. Additionally, it provides digital document management services for a paperless experience.