pasCarrier.Net is a software solution that serves as an insurance carrier automation solution, enabling you to onboard new clients with submission clearance, give quick & detailed quotes, and manage insurance policies. In short, the full insurance life cycle happens within pasCarrier.Net. As with every product that Policy Administration Solutions Inc. offers, pasCarrier.Net is a real-time online solution that allows you to enter, change, pull data, and interact with all aspects of the product instantly.
Automated Submission Clearance
One of the biggest challenges for any insurance company is keeping up with volume of submissions and managing the clearance aspect of the submission so the company’s agent force is protected from the insured “shopping around.” Matching potential clients with agents using traditional methods is slow, cumbersome and full of mistakes.
With pasCarrier.Net, submission clearance and the client registration processes are fully automated. This dramatically cuts down on the time that it takes to process submission clearance requests and eliminates the need for humans to process each request manually. Utilizing AI, these processes also allow for matching based on dynamic and intelligent criteria allowing you to identify if an insured is “shopping around” their policy.
For brokers and wholesalers, when onboarding a new client in pasCarrier.Net all submission clearance requests can be entered on-line or provided using the existing pasCarrier.Net submission API. This is a mechanism designed to protect the agent by channeling all submissions and onboarding through the agency rather than providing them directly to the consumer. Doing this allows your agents to “shop around” for the customer but does not allow the customer to “shop around” on their own.
Real time Quote and Rating Capability
pasCarrier.Net fully automates the quote process from start to finish allowing potential clients to get accurate quotes that are driven by artificial intelligence and predictive analytics. In pasCarrier.Net, quotes can be offered as an indication of pricing, pending inspection or submission of a motor vehicle record etc. This allows customers to get accurate quotes in real time while ensuring that the information provided to the agent is correct.
With pasCarrier.Net you also can rate your client’s risk precisely, in real time, based on data provided by the customer, the agent, and data obtained from publicly accessible databases (Facebook, LinkedIn, D&B, L/N). pasCarrier.Net does this by utilizing a robust comparative rating system, powerful expert underwriting engine, and flexible table-driven powered by AI algorithms. You also have the ability to update risk in real time as your client’s coverage needs and lifestyle changes.
Fully Automated Policy Management
It can be difficult to effectively manage and organize all of the parts and pieces of an insurance policy. pasCarrier.Net is a fully integrated insurance policy automation service that handles all aspects of policy management including:
New Business – onboard new clients using the fully automated systems in pasCarrier.Net. In pasCarrier.Net you can issue new policies quickly, without the mistakes that are common in traditional onboarding.
Renewals – allows for both automatic and manual renewals.
Cancelations – you have the ability to set up cancelations automatically and send out cancelation paperwork with the statutory number of days dictated by each state and other configurable messages.
Reinstatement – pasCarrier.Net allows for automatic reinstatement and handles all the documentation and paperwork associated with reinstating a policy.
Endorsements – process endorsements and out of sequence endorsements.
Audits – allows the user to enter updated exposures and determine how much risk you are carrying and adjust, as necessary.
ERPs – pasCarrier.Net allows for extended reporting periods to be added and managed.
Like all of the PAS software solutions, policy management is completely automated, and processes requests quickly and efficiently so you can keep and add more clients, expand your book of business without adding people exponentially.
Learn more about pasCarrier.Net
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.
