Workers’ Compensation

Sapiens PolicyGO for Workers’ Compensation

Sapiens PolicyGO for Workers’ Compensation (formerly called StoneRiver CompSuite Policy) encompasses the full lifecycle of policy processing and regulatory requirements. The solution is a component of Sapiens GO for Workers’ Compensation (formerly called StoneRiver CompSuite), a comprehensive, full‐featured system developed for mono‐line administration of workers compensation policies and claims, offered in a hosted environment.

Our Solution

PolicyGO includes an easy-to-use and efficient agent portal for online quoting, new and renewal business quoting, billing, collections, accounts receivable functions, business intelligence and more. Policy issuance automatically generates policy pages and endorsements based on policy factors.

Its features can be selected based on an organization’s unique processing requirements. They include multi-company and program management for unique configuration and processing rules per program; self-configuration and administration functionality for easy changes to configuration rules and rating algorithms according to the company or program; a proven multi-state rating engine and more.

Business Benefits

  • Hosted environment reduces high operational and IT costs for day-to-day business processes and boosts business optimization – delivery of a turnkey solution in just 120 days
  • Increased productivity from automated underwriting and compliance reporting (WCPOLS, WCSTAT, FROI, and SROI) and reduced cycle times
  • Significantly improved customer service quality and reduced internal customer service costs from agent and insured portal, for online access to policy, billing, commission and claims information
  • Ability to rapidly create new products and tap new markets expands business growth over a short time frame for quick return on investment
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