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Insurance Premium Audit System

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Overview

Premium Audit Manager™, or PAM™, from AuSuM Systems™, allows insurance carriers and underwriters to automate their entire premium audit process – from creation & assignment, to submission of final reports – improving the efficiency and effectiveness of the whole premium audit operation. By seamlessly integrating auditors, agents, customers, and carriers through an electronic web-based system, PAM™ reduces the administrative workload, eliminates paper, and minimizes human errors normally associated with managing the premium audit process; thus, improving the quality of the final product, reducing costs, and uncovering missed premiums.

Key Features

  • Low-Code / No-Code Easy- to-use Interface and Business Rule Configurations
  • Real-time Data
  • User Friendly Drag-and-Drop Dashboards
  • Projections & Forecasting Metrics
  • Multiple Field Auditor Tools
  • End-to-End Automation
  • Policyholder Portals
  • Only time-tested with over 20,000,000+ Premium Audits completed within PAM
  • Proven Platform: Used by 13 of the Top 50 Workers Comp Carriers in the United States

Key Benefits

The Premium Audit Manager (PAM) system has proven ROI case studies time and time again and from a 2020 customer survey, 83% of our clients said they were receiving a compelling ROI from the system. The benefits of the Low-Code / No-Code system allow regular business users to configure and modify the systems' user interface and underlying rules at their own discretion without any dependency on their IT department or from AuSuM. Auditors have the choice between 5 different field auditing tools in order to ensure every auditor has a platform/system available to their liking to complete their audits. There are numerous tools available to automate manual tasks, notify users of specific events, uncover additional premium, mine data from the information collected, and much more. If a client is looking for a loss control system along with a premium audit system, there is an advantage in that both premium audit and loss control software solutions can operate from a single IT feed/integration. Our vast suite of features have come from almost 20 years of some of the largest P&C insurance carriers user our system, providing us with feedback on their ideas, wish list items, etc., and us taking that information and using it to improve our platform.

Product/Service details

SOLUTION OR SERVICE TYPE