Ventiv Policy

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Overview

An end-to-end policy administration system providing an intuitive platform, Ventiv Policy supports Commercial P&C and MPL insurance lines and has over 200 lines of coverage currently in production. Ventiv Policy’s full set of features include loss control, flexible rating, personalized design, policy workflow, diaries, contact management, certificate issuance, reporting and analytics. Ventiv Policy also features a fully configurable web member/agent portal.

Key Features

Bulk processing data engine

CRM role‐based email capability and configurable binder issuance

Certificate of Insurance management

Configurable new business/renewal/endorsement questionnaires

Loss control: site visit, recommendation, and configurable questionnaires/surveys

Key differentiators focus on insured analytics, e.g., predictive deductible; its single solution insured/agent portal; data analytics KPI and benchmarks; UI

design/user experience analysis; and member self‐service certificate issuance.

Key Benefits

Ventiv Policy automates labor-intensive underwriting processes, streamlines access to information and delivers information to executives, underwriters, and agents.

Ventiv Policy tracks all lines of business for all states and automates processing functions that include rating and allocation, certificates, quoting, invoicing, reporting, renewals, endorsements and more. And its user interface provides intuitive flexibility and easy access to data and tools.

Policy Managers have complete control over the life cycle of their book-of-business from Policy Administration to Member Services, through to Loss Mitigation, Risk Assessment, and future Pricing Models. The comprehensive Analytics suite includes preconfigured dashboards, KPIs, with the option to create expanded ad-hoc BI Reports.

Product/Service details