Applied Underwriter Benefits
Manage policy administration
Full-Cycle policy administration; advanced policy issue, billing, service, and premium accounting capability; embedded accounting package; integrated workflow processing.
Leverage a dynamic rating engine
Maintain, update and deploy rates in real-time; create, change and effect new policy wordings with ease; complete policy fulfilment at the point of sale via both desktop and web applications; full audit of all risks quoted to allow detailed lost business profiling.
Connect to your broker network
Seamless integration with Applied’s broker network; end-to-end broker relationship management; full channel sales, distribution, accounting, claims, account reconciliation and policy administration capability; secure electronic 2-way document exchange.
Make data-driven decisions with greater business intelligence
Detailed reports help to assess the effectiveness of underwriting policy and performance of all risks, including: loss ratio by product/agent, claims analysis, triangulation data, carrier bordereau. All data is exportable to Excel for further interpretation by 3rd party reporting tools.
Automate account reconciliation
Automated broker statement reconciliation; single entry for client, broker and company transactions; client premium account tracker; rich financial reporting, including daily cashbook and cash allocation analysis.