Underwriting Module
Beyontec Suite's Policy Administration module is driven by a powerful business-rules engine and it includes all of the features you require to enter, bind, issue, endorse, cancel, reinstate, rewrite, renew, non-renew, and review policies, including out-of-sequence endorsements. Policy Administration module features many capabilities that will help you go-to-market with new products quickly and efficiently.
What-If Capabilities
Let agents and policyholders review and evaluate various scenarios for comparative quoting.
Diary and Notes
Attach and track comments — and manage email communication and trigger alerts to ensure timely task completion.
Multi-Channel Support
Work through agencies or brokers, direct to policyholders, through MGAs, and more.
Subordinate Task Management
Allow supervisor or manager to assign task to the team members based on their availability and workload.
Automatic User Authorization
Automatically assign maker and checker based on the user roles.
Business Rules Engine
Incorporates the flexibility to modify one or more stage/sub-stages of a workflow process.
Automated Underwriting
Reduce expenses and improve response times by escalating only those risks that require review by an underwriter.
Workbaskets
Track new, pending, and backlog tasks — and define response times for each process.
Configurable Workflows
Process new business, renewals, direct business, agent business, and other transactions and processes more by ensuring the work gets into the workbasket of the right person.
Integrated Document Management
Manage documents and images — and email and print documents on demand.
Integration
We have integrated with 70+ third party software such as auto data, edata, etc.
OCR Capabilities
In-build OCR capabilities in the Underwriting module provides insurers an elegant way to read and convert the submitted images and upload it during intake process without much manual intervention.
Rating Engine
Incorporates a very flexible and efficient inbuilt rating engine where rating parameters and rules can be defined for each product giving the flexibility to modify rates as per statutory regulations, market agreement, in-house decisions.