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Beyond Policy Administration (BPA)

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Overview

Beyond Policy Administration® (BPA) is the next-generation policy administration platform for MGAs, Insurers and Brokers that acts as a digital catalyst to help your business prosper by fusing together product, distribution and capacity.

When digitally combined, they create a chain reaction that generates better profitability, growth and longevity. Created specifically for the insurance industry by insurance technology experts.

Develop, deploy, manage & respond

To stand out in a crowded market you need to innovate. BPA makes it possible for you to focus on devising new products that meet the fast-changing needs of policyholders.

•Launch new products within days to meet market demand and stay ahead of the pack

•Self-configuring templates and pre-built forms to create and roll out several products at once

•Custom built pricing models can be updated easily

•An intuitive platform to define rules simply, making underwriting easier

•Straightforward governance framework

Move beyond capital and maintain transparency

Carriers want dependable performance, innovative products, and good management controls.

MGAs want to work closely with their capacity partners on risk management, reporting, and compliance.

•Real-time reporting and easily configurable dashboards to help you manage business effectively

•Carriers get up-to-the-minute snapshots on portfolio performance, risk exposure, and claims

•BPA puts the digital contract at the very heart of the transaction, providing real-time market insights — so you can respond quickly

Engage

You need to offer innovative ideas and a flexible approach to meet broker demands and beat rivals.

BPA allows you to be nimble and entrepreneurial.

•Brokers and carriers can plug into your system, guaranteeing exemplary service

•A web-based portal automates the entire process, from submission to renewals

•Distribution partners can be directly integrated for straight-through processing

•Simple framework provides control, so you can focus on new products and distribution

•Tap into new markets and sales channels

ove beyond capital and maintain tran

Key Features

Product Configuration

Our product configurator enables the user to configure and define products quickly with a simple drag and drop template structure that enables you to take products to market simply and quickly. Easy to set up system includes flexible product structure and data such as LOB’s, sections, coverages & Location

•Product attributes that allow for differentiated lines of business

•Flexible business rules and workflows

•Tailored alerts and notifications

•Generic and proprietary reference data

•Role based access control (RBAC)

Underwriting & Rating

Straight-through processing drives growth, while also providing the flexibility to perform manual intervention when necessary. A rating engine designed to be changed rapidly so you can respond to the meet market demands and remain competitive. Web-based portals can be accessed using smart devices to submit risk, rate and bind without the need for intervention by your underwriting teams, so you can do business quicker and allow your underwriters to focus on more complex risks.

•Multi-product, multi-LOB, multi-risk rating

•Flexible decision engine

•Policy administration notes and diary

•Underwriting authority and referral management

Policy Lifecycle Servicing

Service that supports the end-to-end lifecycle of a policy, with task management and tracking. A simple framework gives you control to focus on building products and developing business channels

•Submission clearance and registration

•Rate- quote-bind processing

•Policy issuance

•Endorsement, including out of sequence

•Cancellations and reinstatement

•Renewal management of issuance

•Loss sensitive adjustment

•Premium audit

Reporting & Integration

Your partners can plug-in and use the BPA platform, creating an enhanced customer experience. Our API-first approach allows you to directly integrate your distribution partners, data sources and other third- party systems. Real-time reporting and easy-configurable dashboards help manage your business’s performance.

•Dashboard and portals for agents, brokers, and carriers Embedded KPI and management reporting

•Role based reporting and dashboards

•Compliance reporting

•Live, scheduled and ad-hoc frequency

•API driven technology and seamless integrations

•Third party data integrations

•ISO product integration and change management

•Payment gateway integration

•CRM, agency management system, internal communication integration

Forms (document) & Billing

Simple template management allows documents to be easily generation using dynamic policy data. Self-configuring templates and pre-built forms enable you to roll out several products at once, which can be easily managed by your own teams. Manage payment plans and invoice generation.

•Dynamic and static form generation/presentation configurable to the LOB, location and condition

•Base and extended forms repository

•Optional integration with your enterprise data management systems

•Configurable billing and payments plans

•Invoice generation

Technology Architecture

•Cloud container technology means BPA can grow along with your business

•Single tenancy Software-as-a-Service (SaaS) or multi-tennacy SaaS, combined with data encryption (at rest and in motion), ensures you’re in complete control of your data

•You determine user and partner access, with a full audit trail

•Gain extensive insights into your business use and performance

•Accessible from a desktop browser or mobile device

•All components are built using APIs

•Easily integrate BPA with your technology, external systems and data sources. Use existing user interfaces or create your own.

Key Benefits

•Launch new products quickly

•A seamless platform with limitless potential

•Configure to your needs

•Designed to grow with your business

•Enables you to truly connect with your partners

•Data at its heart, your single source of truth