With the proliferation of complex insurance products and services, being able to efficiently manage the full billing and collection lifecycle is vital to the financial health of insurance companies. Automated, digital billing and collection allow the organisations to more accurately manage the full range of processes. In addition, customers and agents should be able to easily access their billing details with no human intervention required, for enhanced customer engagement.
Sapiens BillingMaster for Property & Casualty (formerly called Sapiens IDIT Billing) is part of the Sapiens IDITSuite for Property & Casualty and it enables P&C carriers, MGAs and brokers to manage the full lifecycle of premium services, taxes and fees, along with commission billing, collection and disbursements.
P&C carriers can integrate with third-party systems and data repositories, enjoy best-in-class usability and automate processes throughout the billing lifecycle.
Available as standalone or pre-integrated, BillingMaster supports all personal, commercial and specialty insurance products. It ensures that premiums are collected, claims payments are made, and agent commission payments and receipts are managed accurately and swiftly. Workflow and document management are integrated and configurable via a powerful set of product factory wizards that offer full governance of the billing processes.