FIS Insurance Solutions from FIS Global

Offers integrated policy administration capabilities, ensuring quick policy issuance and comprehensive management of policy lifecycles along with regulatory compliance assistance.

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Product analysis by function

Policy Administration Systems for Policy Administration

Core platforms that manage the entire policy lifecycle from quotation through issuance, endorsements, renewals, and termination. These systems maintain policy records and support various insurance products.
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Policy Lifecycle Management
(0 Yes /0 Known /14 Possible features)

Data Management & Integration
(0 Yes /0 Known /13 Possible features)

User Interface & Usability
(0 Yes /0 Known /12 Possible features)

Product & Rate Configuration
(0 Yes /0 Known /11 Possible features)

Billing & Payments
(0 Yes /0 Known /11 Possible features)

Claims Integration & Support
(0 Yes /0 Known /8 Possible features)

Compliance & Regulatory Support
(0 Yes /0 Known /8 Possible features)

Security & Authentication
(0 Yes /0 Known /8 Possible features)

Reporting & Analytics
(0 Yes /0 Known /9 Possible features)

Scalability & Performance
(0 Yes /0 Known /9 Possible features)

Ecosystem & Partner Integration
(0 Yes /0 Known /8 Possible features)

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Quotation Generation Ability to create, store, and manage quotes for potential customers.		No information available
Policy Issuance Automated process for issuing new insurance policies.		No information available
Endorsement Processing Management and processing of in-term changes (endorsements) to existing policies.		No information available
Renewal Management Automatically generate and manage renewals for expiring policies.		No information available
Policy Cancellation Handle full or partial cancellations, including calculations of refunds and adjustments.		No information available
Reinstatement Handling Process reinstatements for cancelled policies according to business rules.		No information available
Policy Archiving Archiving inactive/cancelled policies for long-term storage and compliance.		No information available
Automated Workflow Configurable, automated workflows that move policies through their lifecycle stages.		No information available
Policy Number Generation Automatic assignment of unique policy numbers.		No information available
Multi-Product Support Support for multiple insurance product lines within the same platform.		No information available
Batch Processing Capability Ability to process high volumes of policy transactions in batch mode.		No information available
Turnaround Time Average time to complete policy-related processes such as issuance or endorsement.		No information available
Version Control Maintain multiple versions/histories of a policy for audit and reference purposes.		No information available
Customizable Policy Lifecycle Rules Enables configuration of different business rules for policy processing.		No information available

Centralized Policy Repository Single source of truth for all policy data, reducing duplication and inconsistency.		No information available
Customer Data Management Comprehensive management of customers, contacts, and related data.		No information available
Document Management Storage, indexing, and retrieval of policy-related documents.		No information available
APIs for Integration Robust API framework to integrate with third-party and internal systems (CRM, billing, claims, etc.).		No information available
Real-Time Data Exchange Facilitate instant data synchronization with other systems.		No information available
Data Import/Export Tools Support for bulk import/export of data to ease migration or reporting.		No information available
Data Validation Automated verification and validation of entered data to ensure quality.		No information available
Duplicate Detection Detection and handling of duplicate records for data integrity.		No information available
Data Encryption Encryption of policy and customer data at rest and in transit.		No information available
Audit Trails Detailed logs of all data changes for compliance and review.		No information available
Maximum Simultaneous Users Number of concurrent users the system supports without performance degradation.		No information available
Backup Frequency Frequency of automated backups to safeguard data.		No information available
Search Capabilities Advanced and flexible searching and filtering of stored data.		No information available

Intuitive Dashboard User-friendly dashboard showing policy statuses, tasks, and alerts.		No information available
Customizable Views Ability for users to configure their own workspaces and data views.		No information available
Role-Based Access Control Permissions and system views tailored to different user types.		No information available
Mobile Accessibility System accessible and usable on mobile devices.		No information available
Multi-Language Support Support for multiple languages in user interfaces.		No information available
Accessibility Compliance Compliance with accessibility standards (e.g., WCAG 2.1).		No information available
Notification Center Central location for alerts, reminders, and policy notifications.		No information available
Self-Service Portal Portal for customers or agents to view and update policies.		No information available
Inline Help & Guidance Contextual help and tooltips throughout the application.		No information available
Average Page Load Time Speed of loading user interface pages.		No information available
Drag-and-Drop Customization Allows users to configure layouts easily using drag-and-drop.		No information available
Bulk Actions Ability to perform actions on multiple records or policies at once.		No information available

Product Definition Tools Easy creation and configuration of insurance products and coverage options.		No information available
Rules Engine Configurable business rules for underwriting, eligibility, and pricing.		No information available
Rating Engine Integration Integration with or inclusion of a rating calculator, using complex formulas.		No information available
Versioned Product Catalog Maintain different versions of products/rates for audit and transition.		No information available
Effective Date Management Support for future-dated changes and backdating of products/rates.		No information available
Automated Testing of Rules Ability to test rules and calculations before deployment.		No information available
Multi-Product Bundling Support for selling bundled packages of products.		No information available
Bulk Update Tools Capabilities for mass updating products or rates.		No information available
Approval Workflow on Changes Workflow to manage approvals for new or changed products/rates.		No information available
Number of Supported Products Maximum number of distinct products easily supported.		No information available
Rating Calculation Speed Average time for the system to complete a rating calculation.		No information available

Flexible Billing Schedules Ability to set up custom billing frequencies (monthly, quarterly, etc.).		No information available
Automated Invoicing Issuance of invoices automatically according to policy and billing rules.		No information available
Multi-Channel Payment Processing Acceptance and processing of payments through various channels (ACH, credit card, checks, etc.).		No information available
Integrated Payment Gateway Integration with payment gateway providers for secure payment handling.		No information available
Payment Reconciliation Tools to reconcile, match, and clear payments and outstanding balances.		No information available
Automated Reminders & Notices Auto-communication for payment due dates, past-due reminders, etc.		No information available
Partial Payment Handling Support for partial or overpayments and adjustments to account balances.		No information available
Non-Payment Handling Automated processes for policy suspension or cancellation due to non-payment.		No information available
Integration with General Ledger Link policy billing records to financial and accounting systems.		No information available
Transaction Volume Capacity Maximum number of billing/payment transactions system can process per hour.		No information available
Refund Processing Time Average time to process policyholder refunds.		No information available

Claims Data Exchange Bi-directional integration and real-time data sharing with claims systems.		No information available
Claims History Access Ability to view claims data within the policy admin system.		No information available
Claim Notification Triggers System-generated triggers and notifications upon claims submission or updates.		No information available
Claims Reserve Management Ability to track and update claims reserves within policy system.		No information available
Cross-Referencing Policies and Claims Cross-linking of claim records to related policies for holistic view.		No information available
Automated FNOL (First Notice of Loss) Automatic initiation of claims process from within the policy system.		No information available
Number of Supported Claims per Policy Maximum number of claims records linked to a single policy.		No information available
Claims Data Sync Latency Time taken to synchronize data between policy admin and claims systems.		No information available

Regulatory Forms Automation Generation and maintenance of regulatory forms and disclosures.		No information available
Compliance Rule Engine Business rules configured to align with local, regional, or global compliance mandates.		No information available
Audit Logging End-to-end auditing of system activities for regulatory compliance.		No information available
Legal Hold Management Capability to place policies or records on legal hold during investigations or litigation.		No information available
Change Management Tracking Tracking of all changes to configuration, product offerings, and rates.		No information available
Compliance Reporting Automated generation of required regulatory reports.		No information available
Time to Generate Regulatory Reports Average processing time for producing compliance reports.		No information available
Jurisdiction Support Number of regulatory jurisdictions/markets system supports.		No information available

Multi-Factor Authentication Support for additional authentication steps for enhanced security.		No information available
Single Sign-On (SSO) Integration with identity providers for SSO capability.		No information available
Role-Based Security Permission management based on user roles and responsibilities.		No information available
User Activity Monitoring Tracks, analyzes, and reports on user activity within the system.		No information available
Data Encryption Data encryption for information at rest and in transit.		No information available
Password Policy Enforcement Enforces strong password requirements and rotation policies.		No information available
Intrusion Detection Integration Capability to integrate with security systems for threat detection.		No information available
Number of Security Events Logged per Day Volume of logged security events/capacity for audits.		No information available

Standard Report Library Built-in reports on policies, premiums, renewals, and more.		No information available
Custom Report Creation Users can create custom reports tailored to specific needs.		No information available
Dashboard Analytics Interactive dashboards with visual summaries of key metrics.		No information available
Real-Time Reporting Generate reports on live transactional data.		No information available
Export to Multiple Formats Ability to export reports in Excel, PDF, CSV, and other formats.		No information available
Scheduled Reporting Ability to schedule automated report generation and delivery.		No information available
Integration with BI Tools Connect to external BI and analytics platforms.		No information available
Data Visualization Tools Charts, graphs, and heatmaps available natively within the system.		No information available
Data Query Performance Average response time for large data queries.		No information available

Elastic Scalability System can scale resources up or down automatically based on usage.		No information available
Cloud-Native Support Designed for cloud deployment and auto-scaling.		No information available
Performance Monitoring Tools Real-time tracking of system performance metrics.		No information available
Disaster Recovery Capabilities Processes and technologies to ensure recovery from outages or failures.		No information available
API Throughput Capacity Number of API calls the system can reliably handle per second.		No information available
Maximum Policy Volume Maximum number of active policies system can support.		No information available
Transaction Processing Speed Average time to process typical transactions (e.g., new policy issuance).		No information available
Average System Uptime Percentage of time the system is available and operational.		No information available
Geo-Redundancy Support for distributed deployments across multiple data zones or countries.		No information available

Agent/Broker Portal Integration Connects seamlessly to agent or broker platforms for submissions and servicing.		No information available
Third-Party Data Feeds Supports integration of data from credit bureaus, risk assessors, or other vendors.		No information available
Reinsurance Integration Automates ceded, assumed, and facultative reinsurance functions.		No information available
Partner API Marketplace Availability of pre-built APIs for a variety of ecosystem participants.		No information available
E-signature Integration Integrated support for digital signatures and e-documents.		No information available
Customer Communication Tools Automated email, SMS, and document delivery to customers and partners.		No information available
Number of Available Integrations Count of pre-built integrations with external systems or providers.		No information available
Onboarding Time for New Partners Average time to set up a new partner or third-party integration.		No information available

FIS Insurance Solutions from FIS Global

Product analysis by function

Policy Administration Systems for Policy Administration

Policy Lifecycle Management (0 Yes /0 Known /14 Possible features)

Data Management & Integration (0 Yes /0 Known /13 Possible features)

User Interface & Usability (0 Yes /0 Known /12 Possible features)

Product & Rate Configuration (0 Yes /0 Known /11 Possible features)

Billing & Payments (0 Yes /0 Known /11 Possible features)

Claims Integration & Support (0 Yes /0 Known /8 Possible features)

Compliance & Regulatory Support (0 Yes /0 Known /8 Possible features)

Security & Authentication (0 Yes /0 Known /8 Possible features)

Reporting & Analytics (0 Yes /0 Known /9 Possible features)

Scalability & Performance (0 Yes /0 Known /9 Possible features)

Ecosystem & Partner Integration (0 Yes /0 Known /8 Possible features)