Policy Administration

Enabling carriers to manage their policies with efficiency and profitability

Fully automated underwriting experience

PCMS Atlas Policy Administration provides a fully automated underwriting experience throughout the entire policy lifecycle. It handles complex and unique policy processes especially for carriers with a wide and varied insurance product portfolio.

Key Features

Support Personal, Commercial, and Specialty lines

Premium Audit

Straight-through processing

Short-rate and Pro-rata Cancellations

360-Degree view of Policyholders

Renewals, Rewrites, Reinstatements (gap or rescind), Cancellations

Support new product creation processing

Certificates

Quick Quote

Statutory and compliance maintenance

New Business Issuance

Pre-integrations that support data prefills (LexisNexis, ADP) and risk information for intelligent underwriting

Endorsements (including mid-term, cross-term, and out-of-sequence)

Support reinsurance arrangements, including quota share, excess loss, facultative, and catastrophe

Versioning (historical snapshots)

Benefits

Increase speed-to-market

Quicker to introduce new insurance products or ability to modify existing ones

Higher customer satisfaction

Flexibility in responding to changing customer needs – offering insurance that is valued

Improved Efficiency

Automating day-day administration and streamlining processes

Reduce operating expenses

Cost-effective with employees focusing on more strategic tasks as opposed to routine work