Choosing an administration system is one of the biggest decisions your organisation will face. A proven track record of success with many carriers selling a variety of products is the only real way to predict if a vendor will deliver on its promises. Mastek’s Vector Policy Administration solution mitigates risk and gives you a proven, flexible and comprehensive solution for administering all types of life, annuity and pension products.

• A full-featured life and annuity system
• A proven system: Stable in over 25 installations with over 10 million policies under administration
• Designed for usability and speed: Browser-based; organised by area/function; accelerates product introduction
• Web-enabled, n-tiered system
• Supports wide range of product types across traditional, universal life, variable universal life, annuity and pensions
• Supports the full range of administrative functions required for policy management
• Allows carriers to scale effectively, efficiently, and economically – as a traditional deployed application - or as an ASP, fully hosted and managed by Mastek
• It is a system so flexible; all you have to do is add new products, not an entire system

• It helps life insurers reduce their costs by ensuring rapid implementation and process improvements.
• It removes risk from the carrier in a hosted (ASP) environment and eliminates system maintenance and security concerns.
• It enhances customer service through real-time processing and round-the-clock access to information.
• It provides complete functionality from new business through claim processing including product definition, new business/underwriting, administration, billing and collection, distribution management, correspondence and reporting.