RapidSure Policy Engine - Turning Carrier Needs into Business Results
RapidSure Policy Engine is the premier web portal General Insurnace policy administration and lifecycle processing solution delivering true value to insurance carriers, their customers and business partners. Based on the most trusted and current technologies, RapidSure Policy Engine delivers the business processes and tools needed for carriers to address the ever competitive insurance landscape. RapidSure Policy provides a component SOA architecture that allows it to be smoothly implemented in manageable segments.
Benefits:
- Eliminates duplication and manual processes
- Improves efficiencies, accuracy, consistency and completeness of policy transactions
- Improved customer service for both producer and policyholder, increasing retention and
new business acquisition - Real-time delivery of policy underwriting information and documents
- Increased supply chain productivity and profitability
- Faster response to market demands, reducing lost opportunities
- Accelerates product development and deployment. Launch new products quickly
- Greater control and flexibility over product specific underwriting rules
- Improved access to information and integration with existing systems and business partners
Features:
- Full Policy Lifecycle including Out of Sequence change processing
- Product development and maintenance tools including rules engine, product configuration, workflow, and user interface
- Open architecture utilizing SOA, Web Portal and Web Services
- Reusable pre-built insurance products
- Insurance data messaging integration supporting industry standard data formats
- Automated underwriting and rating, supporting straight through processing
- Integrated workflow and policy definition engines
- Predefined data upload and download with producers and business partners
