Evitec Property & Casualty

Formerly Profit Property & Casualty

Evitec Property & Casualty is a policy management solution designed for property and casualty insurers. According to the vendor, this software is suitable for businesses of all sizes and caters to the needs of insurance companies, underwriters, policy administrators, insurance agents, and risk managers. With its features and integrations, Evitec Property & Casualty aims to streamline policy life-cycle management, offer extensive variation capabilities, and facilitate collaboration with sales channels and partners.

Key Features

Policy life-cycle management with integrations to dependent services: Evitec Property & Casualty provides policy life-cycle management for property and casualty insurers. The solution integrates with dependent services to ensure efficient management of the entire policy life-cycle. It covers both personal and commercial lines, allowing for streamlined management of different types of insurance policies.

Insurance product management with vast variation capabilities: Evitec Property & Casualty offers insurance product management functionality. It allows insurers to manage a wide range of product lines, including property, vehicle, personal, and liability insurances. The solution provides extensive variation capabilities, enabling insurers to tailor their products to meet specific customer needs.

Offers and agreements managed in separate databases but same platform: Evitec Property & Casualty allows for the management of offers and agreements in separate databases. However, both are accessible from the same platform, providing a unified view of policy-related information. This feature simplifies the handling of changes and upselling, ensuring efficient management of customer offers and agreements.

Automatic background validations of business and underwriting rules guiding the user’s workflow: The solution includes automatic background validations of business and underwriting rules. These validations guide users through their workflows, ensuring compliance with established rules and policies. The feature aims to streamline processes, reduce errors, and improve overall operational efficiency.

Complete in-built health declaration management: Evitec Property & Casualty includes a health declaration management system. Insurers can record and manage health declaration information for policyholders. This feature supports various business departments, such as customer service, underwriting, and portfolio management.

Granular premium calculation to facilitate calculation of taxes and other authority fees: The solution offers granular premium calculation capabilities. Insurers can accurately calculate premiums, including taxes and other authority fees. This feature aims to simplify the financial aspects of policy management and ensure compliance with regulatory requirements.

Invoicing, collection, and automated lapsing process: Evitec Property & Casualty provides an invoicing and collection system. Insurers can generate and manage invoices for policyholders. The solution also includes an automated lapsing process, ensuring timely management of policy lapses.

Commission and commission share calculation for new sales, upselling, and on portfolio level: The solution supports the calculation of commissions and commission shares. Insurers can accurately calculate commissions for new sales, upselling, and on a portfolio level. This feature aims to incentivize sales efforts and provide transparency in commission calculations.

Automated renewal process: Evitec Property & Casualty includes an automated renewal process for policy management. Insurers can streamline the renewal process, ensuring timely renewals for policyholders. The feature aims to reduce administrative burden and improve customer retention.