Customer-Centric Policy Administration

V3 enables flexible, efficient, customer-centric policy administration across a broad array of product lines. Configurable underwriting, life event and enrollment rules streamline certificate issuance, policy maintenance and re-enrollment processing. Template-based correspondence enables presentation perfect contract and policy holder communications. Advanced versioning capabilities support 360 degree policy views. V3’s policy rules-engine automates standard processing while V3 Workflow orchestrates exception processing and other manual tasks.

V3 Product Builder allows for the configuration of highly tailored products with advanced support for state-level variations. Rules definition spans base product configuration, riders, underwriting, issuance, life events, rate tables, premium calculations, benefits structure and more. Product-cloning and versioning speed product maintenance and the creation of modified or new product offerings. V3 supports a variety of product chassis and administration models.

Policy Admin Capabilities

  • Employer Elections
  • Individual Elections
  • Issuance Rules
  • Underwriting Rules
  • Coverage Limits
  • Max, Mins and Validations
  • Cross Policy Limits
  • Group Demographics
  • Individual Demographics
  • Beneficiary Administration
  • Dependent Tracking
  • Policy History
  • Date Sensitive Versioning
  • Policy Status
  • Policy Communications
  • Life Events
  • Open Enrollments
  • New Hires
  • Renewals
  • Compliance