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Reviews for Life Insurance Policy Administration Systems, North America

What is life insurance policy management software?

Life insurance policy administration systems provide support for administering life and annuity products. Functions supported are product design, policy calculations, policy transactions, correspondence generation, basic customer management including policy look up and changes, transaction processing, recordkeeping, and valuation for the policy lifecycle including policy issuance, claims and withdrawals, policy termination and others. In addition, many vendors offer supplemental capabilities or separate modules that cover adjacent functions, such as claims, new business workflow, electronic underwriting, customer service portals, commission calculations, licensing and appointment processing, and others.

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