When used in conjunction with one another, the software solutions from Policy Administration Solutions Inc. can serve as a complete insurance policy software solution. This means that you can handle all insurance-related matters effectively and efficiently within one, end-to-end, software system.
All PAS products are online, in real-time meaning that you have access to the real-time data and information that you need to make critical decisions. Real-time data also allows you to adjust quickly, as needed, which saves you time and money. All PAS software solutions can operate as either a stand-alone or fully integrated solution. However, by utilizing three PAS products, pasCarrier.Net, pasRater.Net, and pasCE.Net, you have a complete submission, quote, and policy insurance software solution.
pasCarrier.Net – A fully automated insurance solution
pasCarrier.Net operates as an insurance carrier automation solution and it can handle all of the day-to-day operations of an insurance company. Within pasCarrier.Net you can perform the following functions:
Submission clearance – a fully automated submission clearance system that enables you to handle large volumes of submissions in less time and with fewer errors than human-run systems.
Quote and rating – pasCarrier.Net rates risk and can provide a quote in real-time by utilizing a robust comparative rating system, powerful expert underwriting engine, and flexible table-driven powered by AI algorithms.
Policy management – pasCarrier.Net has a fully automated policy management system that allows for the onboarding of new clients, renewals, cancelations, reinstatement, endorsements, audits, and ERPs. With pasCarrier.Net all of this is automated and fully online in real-time.
pasRater.Net – Real-time rating
PAS software can do more than simply manage the day-to-day operations of your insurance company, it also has a robust rating and underwriting solution that uses large data to rate and underwrite potential clients.
Managing risk and providing accurate, real-time, rating and enforcing underwriting guidelines is hard to do manually. pasRater.Net is designed to be a fully automated solution that provides accurate rating and underwriting in real-time. With pasRater.Net you can calculate premiums accurately while also allowing your clients to compare rates between different carriers. As an online solution, PAS can update risk in real-time as your client’s coverage needs change.
Aside from risk management and rating, pasRater.Net also can do advanced testing, modeling, and product analysis. By utilizing large data sets and predictive analytics, pasRater.Net can give you the flexibility to change as needed giving you accurate rates and saving you money.
pasCE.Net – Document management
Providing and maintaining insurance products requires the creation of many different documents. pasCE.Net is a solution designed to create and manage documents, including distribution. pasCE.Net can manage preferences for both print and electronic delivery, and output documents to print, email, and mobile.
With pasCE.Net you can automatically create and distribute mass-produced documents like policy statements. You can also prepare and distribute documents for specific groups as needed allowing you to deliver necessary documents efficiently.
Learn more about PAS software products
Policy Administration Solutions Inc. offers a full line of products designed to automate every step in the insurance process. If you are ready to fully automate your insurance company reach out here to get started or to request more information.
