Unlike traditional legacy systems which slow down your processing capabilities and your customer service staff, STG Policy Administration system offers the administrative functionality you need to underwrite policies efficiently and bring new products to market faster. This web based, rules driven system is designed to enable you to respond to customer needs more effectively.
Features
- Rule based automatic renewals and manual renewal capabilities
- Powerful Scheduled Tasks Processing Engine to generate and print new business endorsements, renewals and cancellations output forms
- Support for Bar Codes, OCR fonts and OMR Marks
- Comprehensive Customer Service module allowing web-access to policy information and interfaces to third party vendors
- Built in communication module with dairy and notepad feature
- Ability to schedule tasks for adjusters and underwriters
- User configurable role based security mechanism
- User definable ALW (Automatic Letter Writing) with custom variables and templates for common letters
- "Transaction-based" system – designed to capture events in incremental or transactional mode. The system automatically maintains an audit trail of all significant events in total business context and provides an intrinsic capability to recreate business scenarios
- Easy integration with major underwriting and claims tools from various vendors – choice point, ISO, MSB,IVANS, Qualedi, Eileen, Corvel
- Support for ISO rating and output forms.
Benefits
- It completely automates policy, rating, underwriting, endorsements, cancellations, reinstatements and renewals functions.
- Designed for Personal and Commercial lines of business, it improves underwriting risk assessment by streamlining producer relationships.
- It has a complete new business processing engine including Point of Sale Engine with Rate-Quote-Issuance, Endorsement and Cancellation capability.
- It has end user configurable Object-based Rating Engine to define rating rules.
- Its open and flexible application architecture provides for easy integration with third party printing and business intelligence solutions.