Policy Administration System
Centralized policy lifecycle management from quote to renewal
The Challenge
Legacy policy administration systems are rigid, require extensive customization for new products, and lack integration capabilities. Manual processes lead to errors, slow turnaround times, and poor customer experience.
NIZSOFT Solution
Modern, flexible policy administration with no-code product configuration, automated workflows, and real-time integration with rating, underwriting, and billing systems. Launch new products in days, not months.
Flexible Product Configuration
Define coverages, benefits, exclusions, and rules without coding. Support for simple to complex multi-peril products across all insurance lines.
Powerful Rating Engine
Configure rating tables, formulas, and risk factors. Support for complex algorithms with real-time premium calculation and instant quotes.
Document Automation
Automated generation of policy documents, endorsements, certificates, and renewal notices with template management and e-signature integration.
Policy Servicing
Handle endorsements, cancellations, reinstatements, and renewals with automated workflows. Maintain complete audit trail of all changes.
70%
Faster Quote Generation
5 Days
New Product Launch Time
95%
Straight-Through Processing