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Policy Decisions
With over 25 years of developing and delivering innovative insurance solutions, Insurity is the unrivaled expert in meeting even the most unique policy needs. From fully compliant bureau lines that are ready to use right out of the box, to automatic no-touch processing with custom distribution needs. Highly specialized lines, user experiences, and workflows. And anything in between. We’ve seen it . Lived it. And solved it.
And we’ve put it all into Policy Decisions.
The strength of our core platform content and functionality powers you “ahead of the pack.” And keeps you there. With Policy Decisions, you spend less time building, and more time focusing on configuring your unique needs. So you get to market faster, have less to maintain once you’re there, and can easily expand as your business demands, no matter what that may entail.
Policy Decisions is a state-of-the-art policy administration system that leverages a robust policy processing platform with rich core content and functionality. It supports the full policy lifecycle for all commercial, workers comp, personal, specialty, program and proprietary lines of business.
The difference is in the details.
From MGAs to niche providers and start-ups to top 20 US insurers, Insurity clients gain speed, efficiency and functionality, all with lower risk.
Here are a just a few of the reasons carriers choose Policy Decisions:
- Unmatched breadth and depth of core functionality out of the box
- Richest content, including a vast array of business rules and functions
- Investment protection through a non-disruptive delivery model that keeps customers current with technology and leverages new functionality and enhancements
- Lowest cost of ownership and fewest number of resources needed for implementation
- Choice in service model for implementation, maintenance and customizations
- Options such as Managed Services including Bureau Content, Compliance, and Hosting
Policy Decisions is the most function rich system out of the box. Click on the graphic below to get additional insight into the depth and breadth of the core system.
Policy Decisions: The Core
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3rd Party Pre- Integrations
- Address Verification (Pitney Bowes)
- Geocoding (Pitney Bowes)
- CLUE (LexisNexis)
- MVR (LexisNexis)
- Agency Up/Download/Real Time Rating (NxTech)
- Business & Persoanl Credit Reports (D&B, Lexis)
- Property Value & Business Asset Estimation (MSB)
- VIN Lookup/Validation (Price Digest)
- Valuation
- CAT Management
- Loss History (Multiple)
- Public Fire Protection (City DB)
- Sinkhole Risk
- Rules/Code Lookups (CLM, SIC, NAIC, etc.)
- OFAC (Bridger)
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LOB Content
- AAIS, ISO, NCCI, States
- Algorithms
- Rates
- Rules
- UI
- Stat
- Forms
- Images
- Rules
- Conditions
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LOB Functions
- Blanket
- Composite
- Full Audit
- Interim Audit
- Class Code Generation
- Experience Rating
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Extended Transactions
- Clearance
- Agency Import
- Pricing Sandbox
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Self Service & Other Transactions:
- Renewal Quote
- Endorsement Quote
- Quote Declination
- Renewal Conversion
- Manual Renewal
- Internal Change
- OOS Change
- Cross Term End
- View Change Narratives
- Void Endorsement
- Cancel/Rewrite
- Cancel/Reissue
- Reinstatement
- Interim Audit
- Revised Interim Audit
- Final Audit
- Revised Final Audit
- Rewrite Audit
- Void Audit
- View
- Error Correction
- Reprint Policy
- Establish/Remove Non-Renewal
- Transaction Stop On/Off
- MVR Ordering
- Auto ID Cards
- Certified Copy of Policy
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Standard Transactions
- Rate
- Quote
- Issue
- Endorse
- Cancel/Reinstate
- Renew
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Out-of-
the-Box
LOBs- BOP
- Capital Assets (ISO)
- Dealers Equipment
- Commercial Auto
- Crime
- COP (AAIS)
- Garage
- General Liability
- Inland Marine – ISO
- Inland Marine – AAIS
- Property
- Truckers
- Umbrella/ Excess Liabilities
- Workers Comp
- Ocean Marine
- Glass
- Boiler & Machinery
- International BOP
- International GL
- International Property
- Accident & Sickness
- Farm
- Hospital Professional
- Primary E&O
- Accountants E&O
- Agents E & O
- Difference in Conditions
- Directors & Officers
- Employment Practices
- Electronic Equipment
- Equipment Breakdown
- Excess E&O
- Excess Property
- Excess Workers Comp
- Lawyers E&O
- Lawyers Professional
- Empl. Pract. /Sexual Mol.
- Professional Liability
- Personal Auto
- Homeowners
- Personal Umbrella
- Dwelling Fire
- Mobile Home
- Mobile Homeowners
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Forms
- Library of more than 100,000 bureau forms; ISO, AAIS, NCCI, ACORD
- All form types including custom decs, quote proposals, Auto ID cards
- Intuitive, Word-based form creation with unmatched library of drag & drop rules & conditions
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Rating
- More than just an engine; handles all rules & transactions across policy lifecycle
- All LOBs, from custom Personal to dozens of Specialty Lines
- Powerful & Scalable with inheritance concepts for ease of deviation
Configuration Layer
- Select
- Add
- Modify