The V3 System: Software for Insurance Administration
The V3 System Delivers:
  • Administrative Flexibility
  • Improved Customer Service
  • Extreme Scalability
  • Accurate and Timely Data
  • Self-Service Alternatives
  • Quality Correspondence
  • Operational Transparency
  • Value Added Reporting

The V3 System is a powerful insurance administration software.

V3's extensive capabilities support business needs including:

  • Enrollment
  • Premium Billing
  • Annuities and Retirements
  • Risk Transfers and Closeouts
  • Structured Settlements
  • Health Claims Adjudication
  • Life and AD&D Administration
  • Investments and Separate Accounts
  • Product Definition
  • Policy/Contract Setup
  • Payroll Deductions
  • Life Event Processing
  • Claims Adjudication
  • Claims and Annuity Payments
  • Statements and Tax Reporting
  • Actuarial and Reserve Reporting

The V3 System supports group and individual insurance administration across an unlimited number of business lines, groups, employers, policy holders and participants in a single, fully integrated, extremely scalable solution.

The system supports enrollment, billing and administration of annuity, retirement, settlement, health, dental, life, disability and other products in a single system. Enrollment, billing and/or administration features can be used in a stand-alone or fully integrated fashion.

The system supports investment and investor administration including separate and combined account processing. This includes support for variable annuities, managed accounts and defined contribution products.

Native workflow, call center, self-service and imaging features make the system a truly transformational solution that can help an organization achieve both its operational and customer service objectives.

The V3 System can be licensed and deployed as either a traditional on-premise solution or as a SaaS Cloud application. Vitech's Cloud offering provides an organization with turn-key simplicity speeding time to production, simplifying operating requirements and containing total cost of ownership.


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