AFAS Policy Administration

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Overview

Our Policy Administration System is a SaaS solution hosted in a Secure, Private Cloud Environment

Our solution takes a transaction-based approach to product configuration, policy issuance and policy life-cycle events, including both financial and non-financial processing. This unique methodology – combined with robust conversion capabilities and full integration with illustration and reporting solutions – allows life insurance and annuity carriers of all sizes to achieve increased speed-to-market, lower costs, mitigated risk and unparalleled data accuracy. In addition, Andesa takes a high-touch, concierge approach to client relationships for our Business Process Outsourcing (BPO) Services. With 35 years of Client relationships in Policy and Plan administration, we utilize a value-added approach, using US-based resources to meet our commitments and service expectations for our BPO services.

Key Features

Our Policy Administration solution can be deployed discretely or in concert with new business processing/enrollment, illustration and reporting solutions.

This results in uniquely accurate in-force policy value calculations, from any date, updated nightly and available at any time. Undo/redo and corrective processing are similarly seamless.

Both the application and policy information are hosted in our secure, private cloud environment, allowing for “anywhere, anytime” data access and minimal risk of catastrophic loss.

Our Policy Administration solution is configured to meet the product and processing needs of each individual carrier.

Andesa recognizes that one size does not fit all clients. While implementing BPO Services we take a value-added approach, relying on detailed dialogue and analysis to define what is needed to most effectively service your customers. A dedicated client relationship team is assigned to each account. Utilizing our fully-integrated suite of technology tools, your support team can provide flexibility, while meeting our high standards for quality and service.