at Financial Technnology Year
This content is provided by FinTechBenchmarker.com who are responsible for the content. Please contact them if you have any questions.
SAS for Insurance from SAS
This solution includes capabilities for predictive modeling, risk assessment, and dynamic pricing, integrating seamlessly with policy administration systems to enhance rating accuracy and insights.
Product analysis by function
Rating Engines for Policy Administration
Software that calculates premiums based on risk characteristics, coverage options, and rating algorithms. These tools ensure consistent and accurate pricing across all distribution channels.
More Rating Engines
More Policy Administration ...
Core Rating Logic
(0 Yes /0 Known /15 Possible features)
|
Custom Rating Algorithm Support Ability to define and manage custom rating logic and algorithms, adaptable to changing actuarial requirements. |
. | No information available |
|
Multi-line Support Supports rating logic for multiple lines of insurance (e.g., property, auto, life). |
. | No information available |
|
Version Control of Rating Rules Tracks different versions of rating algorithms with effective/expiry dates. |
. | No information available |
|
Real-time Rate Calculation Performs rating computations in real time for fast quote turnaround. |
. | No information available |
|
Batch Processing Capability Rates large volumes of policies simultaneously for renewals or re-balancing. |
. | No information available |
|
Dynamic Input Handling Accepts variable or custom inputs for calculations depending on product design. |
. | No information available |
|
Pre-built Templates Includes starter templates for common insurance product types and calculations. |
. | No information available |
|
Validations and Error Handling Automatically checks input data for consistency and notifies users of errors or anomalies. |
. | No information available |
|
Rate Table Management Allows for the import, export, and management of rate tables used in calculations. |
. | No information available |
|
Support for Rating Factors Handles diverse rating factors (driver age, location, coverage limits, etc.) within algorithms. |
. | No information available |
|
Multi-State/Region Rating Ability to apply state- or region-specific rating logic and compliance rules. |
. | No information available |
|
Automated Recalculation Detects data changes and automatically recalculates affected premiums. |
. | No information available |
|
Hazard and Tier Assignment Dynamically assigns risk tiers or hazard classes impacting the rating. |
. | No information available |
|
Experience/Exposure Rating Supports specialized rating methods using claims history or exposure data. |
. | No information available |
|
Base Rate Management Flexible management of base rates and their adjustment over time. |
. | No information available |
Integration Capabilities
(0 Yes /0 Known /14 Possible features)
|
API Integration Exposes rating logic via REST/SOAP APIs for seamless use by portals, agencies, and partners. |
. | No information available |
|
Data Import/Export Supports importing and exporting of rating data in standard formats (CSV, XML, JSON). |
. | No information available |
|
Policy Administration System (PAS) Connectivity Provides out-of-the-box or configurable interfaces to policy admin systems. |
. | No information available |
|
Document Management Integration Connects to document generation and management tools for the creation of rating documentation. |
. | No information available |
|
Third-party Data Provider Integration Ability to pull in external data (credit, telematics, catastrophe, etc.) into rating calculations. |
. | No information available |
|
Underwriting Integration Seamlessly interacts with underwriting systems and workflows. |
. | No information available |
|
Legacy System Support Interfaces with older systems often used by large insurers. |
. | No information available |
|
Real-time Quote Delivery Enables delivery of quotes to web/app distribution channels in real time. |
. | No information available |
|
Front-end UI Integration Connects with user-facing applications for quote and bind processes. |
. | No information available |
|
API Call Latency The average response time for a rating API call. |
. | No information available |
|
Concurrent API Users Supported Number of simultaneous API consumers the system can handle efficiently. |
. | No information available |
|
Event Notification/Webhooks Pushes notifications or events to other systems when certain rating events occur. |
. | No information available |
|
Custom Integration SDKs Provides SDKs or toolkits to facilitate integration with custom applications. |
. | No information available |
|
Single Sign-On (SSO) Supports SSO to streamline user authentication across integrated systems. |
. | No information available |
Configurability & Flexibility
(0 Yes /0 Known /12 Possible features)
|
No-code/Low-code Rule Editing Allows business users to modify rating logic without programming. |
. | No information available |
|
Custom Field Support Easily add, remove, or modify input fields and variables for new products. |
. | No information available |
|
Dynamic Workflow Designer Design and adjust rate calculation workflows visually. |
. | No information available |
|
Conditional Logic Handling Create complex conditional rules for different situations. |
. | No information available |
|
Business Rules Engine Rules engine for defining and managing non-technical business logic. |
. | No information available |
|
Granular Permission Settings Control who can view, edit, or publish rating changes. |
. | No information available |
|
Multi-language Capabilities Supports multiple languages for global or multi-lingual deployments. |
. | No information available |
|
Product Version Management Manages different product and rating versions concurrently. |
. | No information available |
|
Simulation/Sandbox Environment Test and preview rating changes in a safe non-production environment. |
. | No information available |
|
Change Approval Workflow Built-in process for reviewing and approving rating updates. |
. | No information available |
|
Rule Cloning & Reuse Rapidly duplicate and adjust existing rating rules for new use cases. |
. | No information available |
|
Internationalization (i18n) Easily adapt rating logic for different currencies, geographies, and languages. |
. | No information available |
Performance & Scalability
(0 Yes /0 Known /11 Possible features)
|
Average Calculation Time Typical duration of a single premium calculation in a standard environment. |
. | No information available |
|
Peak Transactions Per Second Maximum supported rating transactions per second, under load. |
. | No information available |
|
Concurrent Quote Processing Number of simultaneous quote calculations handled without degradation. |
. | No information available |
|
Auto-scaling Support Can automatically scale system resources based on demand. |
. | No information available |
|
High Availability (HA) Designed for minimal downtime with redundancy and failover. |
. | No information available |
|
Disaster Recovery (DR) Has disaster recovery strategies for quick restoration in case of system failures. |
. | No information available |
|
Service Level Agreement (SLA) Uptime Guaranteed system uptime in production environment. |
. | No information available |
|
Geographically Distributed Deployment Deploys rating compute resources across multiple regions/data centers. |
. | No information available |
|
Load Balancing Distributes rating requests across multiple servers for optimal speed. |
. | No information available |
|
Resource Utilization Dashboard Provides admin dashboards showing active load and resource usage. |
. | No information available |
|
API Rate Limiting Configurable thresholds to prevent system overload from excessive requests. |
. | No information available |
Compliance & Regulatory Support
(0 Yes /0 Known /11 Possible features)
|
Audit Logging Tracks all rating rule changes and calculation executions for full auditability. |
. | No information available |
|
Regulatory Rule Templates Built-in rules/templates for common state and country compliance scenarios. |
. | No information available |
|
Automated Compliance Checking Flags rating approaches that violate known regulatory requirements. |
. | No information available |
|
Documentation Generation Automatically prepares documentation of rating algorithms for regulators. |
. | No information available |
|
Change Traceability Ensures all changes to logic are tracked by user, timestamp, and rationale. |
. | No information available |
|
Regulator Portal Access Offers restricted access for regulatory review of configuration. |
. | No information available |
|
Surcharge/Discount Rule Compliance Automatically enforces allowed surcharges and discounts for each jurisdiction. |
. | No information available |
|
State Filing Support Assists in preparing filings for rating changes with departments of insurance. |
. | No information available |
|
Retention Policy Management Configurable retention periods for data in accordance with legal requirements. |
. | No information available |
|
GDPR/CCPA Readiness Supports controls for privacy and data protection compliance. |
. | No information available |
|
Redlining Detection Helps detect unlawful discrimination in rating algorithms. |
. | No information available |
Test and Quality Assurance
(0 Yes /0 Known /10 Possible features)
|
Automated Test Suite Includes built-in automated tests to validate rating outcomes. |
. | No information available |
|
Regression Testing Support Ensures new rating rules do not introduce errors into existing logic. |
. | No information available |
|
Scenario Simulation Enables creation and execution of what-if or scenario testing. |
. | No information available |
|
Rate Comparison Tool Compares outputs before and after rule changes for accuracy. |
. | No information available |
|
Approval Gates for Deployment Automated or manual approval required before changes go live. |
. | No information available |
|
Automated Error Reporting Logs and reports errors occurring during calculations. |
. | No information available |
|
Test Data Management Tools for creating, storing, and maintaining test cases and sample data. |
. | No information available |
|
Roll-back Capability Instantly revert rating rules to a previous version if an issue is found. |
. | No information available |
|
Code Coverage Metrics Provides stats on test coverage for custom algorithms. |
. | No information available |
|
Synthetic Data Generation Generate random but realistic datasets for testing. |
. | No information available |
User Experience & Usability
(0 Yes /0 Known /10 Possible features)
|
Intuitive User Interface User-friendly dashboard for configuring, monitoring, and managing rating logic. |
. | No information available |
|
Customizable Dashboards Users can personalize data views and analytic dashboards. |
. | No information available |
|
Help & Tooltips Contextual help, documentation, and tooltips embedded throughout. |
. | No information available |
|
Guided Workflows Wizard-style screens to support untrained business users. |
. | No information available |
|
Role-based User Access Differentiated access for actuaries, product managers, and IT staff. |
. | No information available |
|
Bulk Editing Tools Easily make changes to multiple products or rules at once. |
. | No information available |
|
In-product Training Modules Learning/training integrated into the product for faster onboarding. |
. | No information available |
|
Search and Filtering Find rules, products, or documentation quickly via search. |
. | No information available |
|
Accessibility Standards Meets standards for accessibility (WCAG, ADA, etc.). |
. | No information available |
|
Mobile-friendly Interface Optimized for use on mobile devices and tablets. |
. | No information available |
Security & Data Protection
(0 Yes /0 Known /10 Possible features)
|
Data Encryption at Rest All data stored by the system is encrypted and protected from unauthorized access. |
. | No information available |
|
Data Encryption in Transit Protects data as it moves between systems and users. |
. | No information available |
|
User Authentication Mechanisms Supports modern authentication (OAuth, SAML, etc.). |
. | No information available |
|
User Activity Monitoring Monitors and logs all user activity in the system. |
. | No information available |
|
Role/Permission-based Access Restricts sensitive configuration actions to approved personnel. |
. | No information available |
|
Regular Vulnerability Scanning Proactively checks for and remediates security weaknesses. |
. | No information available |
|
Multi-factor Authentication (MFA) Requires multi-step authentication for high-privilege actions. |
. | No information available |
|
Security Patch Management Automated or tracked deployment of security updates. |
. | No information available |
|
Data Masking Obscures sensitive data in test or reporting environments. |
. | No information available |
|
Intrusion Detection/Prevention Monitors for unauthorized access attempts in real time. |
. | No information available |
Analytics & Reporting
(0 Yes /0 Known /10 Possible features)
|
Premium Distribution Analysis Shows how premiums are distributed across insured populations, geography, or other factors. |
. | No information available |
|
Loss Ratio Reporting Calculates and displays loss ratios based on input data and rating results. |
. | No information available |
|
Trend Analysis Tools Detect trends in rating inputs, outcomes, or business performance. |
. | No information available |
|
Outlier Detection Reporting Identifies anomalous rating results automatically. |
. | No information available |
|
Export to Excel/CSV Allows full data export for further offline analysis. |
. | No information available |
|
Drill-down Analytics Explore rule or input-level contributions to final pricing. |
. | No information available |
|
Custom Report Builder Create bespoke reports tailored to organization needs. |
. | No information available |
|
Scheduled Reports Automate creation and delivery of analytic reports. |
. | No information available |
|
Visualization Tools Graph and visualize rating outputs and trends. |
. | No information available |
|
Integration with BI Tools Pushes data into external BI solutions (e.g., Tableau, Power BI). |
. | No information available |
Deployment & Operations
(0 Yes /0 Known /9 Possible features)
|
Cloud Deployment Option Available as a hosted SaaS or private cloud deployment. |
. | No information available |
|
On-premises Deployment Option Can be installed and operated within a client data center. |
. | No information available |
|
Continuous Delivery Support Supports modern DevOps and CI/CD pipelines. |
. | No information available |
|
Zero-downtime Updates Allows release of new features/fixes without interrupting rating service. |
. | No information available |
|
Containerization Support Supports deployment as containers (e.g., Docker, Kubernetes). |
. | No information available |
|
Automated Backups Configurable data backup and restore processes. |
. | No information available |
|
Multi-environment Management Handles development, QA, staging, and production environments. |
. | No information available |
|
Monitoring & Alerting Active system health monitoring and alerts for issues. |
. | No information available |
|
Change Management Controls Integrated change management tools for tracking and approving changes. |
. | No information available |
Support & Vendor Services
(0 Yes /0 Known /8 Possible features)
|
24/7 Technical Support Vendor provides round-the-clock technical support services. |
. | No information available |
|
Dedicated Account Manager Single point of contact for your account and escalations. |
. | No information available |
|
Implementation Consulting Professional services for system setup and go-live. |
. | No information available |
|
Training Services Onsite/remote training for business, IT, and actuaries. |
. | No information available |
|
Online Knowledge Base Extensive documentation, FAQs, and how-to resources. |
. | No information available |
|
Service Level Agreements (SLAs) Contractual uptime and issue resolution guarantees. |
. | No information available |
|
Community Forums Peer-to-peer support and product community interactions. |
. | No information available |
|
Customer Success Program Proactive engagement to help you meet business goals. |
. | No information available |
Product Performance Dashboards for Product Development
Visualization tools that track key performance indicators for insurance products, helping teams identify trends and make data-driven optimization decisions.
More Product Performance Dashboards
More Product Development ...
Data Integration & Connectivity
(0 Yes /0 Known /10 Possible features)
|
Multi-Source Connectivity Connects to multiple internal and external data sources (e.g., policy admin, claims, CRM, external data services). |
. | No information available |
|
Real-Time Data Sync Supports updating data in real-time or near real-time for up-to-date dashboard views. |
. | No information available |
|
APIs Support Offers robust API access for inbound and outbound data ingestion. |
. | No information available |
|
Scheduled Data Refresh Automates regular data refreshes at configurable intervals. |
. | No information available |
|
Manual Data Upload Allows users to upload and import data files directly into the dashboard. |
. | No information available |
|
Data Model Flexibility Can accommodate varying data models or schemas (custom fields, entity adjustments). |
. | No information available |
|
Data Validation Automatically checks and highlights data inconsistencies, missing values, or errors upon ingestion. |
. | No information available |
|
ETL (Extract, Transform, Load) Automation Automates extraction, transformation, and loading of data for dashboard preparation. |
. | No information available |
|
Data Volume Handling Maximum data records supported per dashboard update cycle. |
. | No information available |
|
Data Latency Time between data generation and its representation on the dashboard. |
. | No information available |
KPI and Metrics Tracking
(0 Yes /0 Known /9 Possible features)
|
Custom KPI Configuration Ability to define new KPIs tailored to specific product or project needs. |
. | No information available |
|
Pre-Built Insurance KPIs Includes a library of commonly used insurance KPIs (loss ratio, claims frequency, policy growth, etc.). |
. | No information available |
|
Metric Drill-Down Navigate from high-level KPIs into underlying metrics, products, or business segments. |
. | No information available |
|
Trend Analysis Visualizes KPIs over time to highlight trends and seasonality. |
. | No information available |
|
Target/Benchmark Comparison Compare current performance against predefined targets or historical benchmarks. |
. | No information available |
|
Variance Analysis Highlights variances between actual, forecasted, and target KPIs. |
. | No information available |
|
Real-Time KPI Updates KPIs are updated automatically as soon as data changes. |
. | No information available |
|
Automated Alerts on KPI Changes Sends notifications when KPIs cross certain thresholds. |
. | No information available |
|
KPI Calculation Speed Average computation time to refresh or recalculate KPIs. |
. | No information available |
Visualization and User Interface
(0 Yes /0 Known /9 Possible features)
|
Chart Types Range of visualizations supported (bar, line, pie, heatmaps, waterfall, etc.). |
. | No information available |
|
Interactive Dashboards Users can filter, drill down, and interact with dashboard elements in real time. |
. | No information available |
|
Customizable Layouts Flexibility in arranging and customizing dashboard views and widgets. |
. | No information available |
|
Theming/Branding Options Can apply organization-specific colors, logos, and styles. |
. | No information available |
|
Mobile Responsiveness Dashboard interfaces adjust for optimal display and use on mobile devices. |
. | No information available |
|
Export/Download Visualizations Export charts, dashboards, or data in various formats (PDF, Excel, PNG, etc.). |
. | No information available |
|
Dashboard Load Time Time it takes for a dashboard to become interactive after opening. |
. | No information available |
|
Widget Library Size Number of pre-built widgets or visualization tools available. |
. | No information available |
|
Accessibility Compliance Supports WCAG or similar accessibility standards for diverse user needs. |
. | No information available |
Collaboration & Workflow
(0 Yes /0 Known /8 Possible features)
|
Commenting/Annotation Users can annotate dashboards, data points, or charts for discussion. |
. | No information available |
|
Sharing Controls Granular control over who can share, publish, or distribute dashboards. |
. | No information available |
|
Role-Based Access Set permissions by role or user group (view, edit, admin, etc.). |
. | No information available |
|
Real-Time Collaborative Editing Multiple users can view and edit dashboards simultaneously. |
. | No information available |
|
Task Assignment & Workflow Integration Assign tasks related to dashboard insights and link to workflow tools (JIRA, Asana, etc.). |
. | No information available |
|
Version Control Track changes and revert to previous dashboard versions as needed. |
. | No information available |
|
Insight Sharing Frequency Maximum scheduled dashboard/email share events supported per day. |
. | No information available |
|
User Notification Options Supports multiple modes of user notification (email, in-app, SMS, etc.). |
. | No information available |
Security & Compliance
(0 Yes /0 Known /8 Possible features)
|
Data Encryption at Rest Data stored within the system is encrypted for security. |
. | No information available |
|
Data Encryption in Transit Data is encrypted during transmission between systems or users. |
. | No information available |
|
Audit Logging All user access and changes are logged for review and audit. |
. | No information available |
|
Single Sign-On (SSO) Support Supports secure, centralized authentication via SSO. |
. | No information available |
|
Multi-Factor Authentication Requires more than one method to authenticate user access. |
. | No information available |
|
GDPR/Data Privacy Tools Supports data subject requests and other privacy obligations. |
. | No information available |
|
Role-Based Security Policies Policies can be tailored to different user types and roles. |
. | No information available |
|
Regulatory Compliance Certifications Holds recognized certifications (SOC 2, ISO 27001, etc.). |
. | No information available |
Alerting & Notification
(0 Yes /0 Known /6 Possible features)
|
Threshold-Based Alerts Users can set thresholds on KPIs to trigger notifications. |
. | No information available |
|
Frequency of Notification Frequency at which the system can send notifications for events or alerts. |
. | No information available |
|
Multi-Channel Notification Delivery of alerts via multiple channels (email, SMS, push, in-app). |
. | No information available |
|
Alert Customization Users can define severity, channel, and format of notification. |
. | No information available |
|
Summary Digest Emails Option to receive summarised reports on performance periodically. |
. | No information available |
|
Escalation Protocols Unresolved alerts can be escalated and re-assigned automatically. |
. | No information available |
Analytics & Advanced Insights
(0 Yes /0 Known /8 Possible features)
|
Statistical Analysis Tools Built-in options for statistical evaluation (correlations, distributions, significance tests, etc.). |
. | No information available |
|
Predictive Analytics Integration Can include or connect to predictive models for forecasting performance. |
. | No information available |
|
Segmentation Analysis Supports analysis by customer cohort, product line, or other segments. |
. | No information available |
|
Historical Data Archiving Archives historical data for longitudinal analysis. |
. | No information available |
|
Anomaly Detection Automatically surfaces outliers or unexpected patterns. |
. | No information available |
|
Scenario/What-If Analysis Test the impact of changing variables on key metrics. |
. | No information available |
|
Advanced Filtering Capabilities Complex slicing and dicing of data for granular views. |
. | No information available |
|
Time to Insight Average time from query/action to answer/insight surfaced. |
. | No information available |
Integration with Insurance Product Lifecycle
(0 Yes /0 Known /6 Possible features)
|
Project Management Integration Connects with project management tools to feed insights into agile cycles. |
. | No information available |
|
Product Version Tracking Links performance data to specific product releases/versions. |
. | No information available |
|
A/B Testing Support Handles side-by-side comparisons of product variants in real time. |
. | No information available |
|
Feature Impact Analysis Determines how individual product features affect performance KPIs. |
. | No information available |
|
Change Log Visualization Timeline tracking of key product changes and their outcomes. |
. | No information available |
|
Feedback Loop Integration Links user or broker feedback directly to dashboard metrics. |
. | No information available |
User Management & Administration
(0 Yes /0 Known /5 Possible features)
|
User Provisioning & Deprovisioning Automated user account creation/removal via central directory or manually. |
. | No information available |
|
User Audit Reporting Periodic reporting of user activity for compliance. |
. | No information available |
|
Bulk User Upload Ability to onboard large groups of users at once. |
. | No information available |
|
License Usage Analytics Tracks assigned vs. used licenses and access patterns. |
. | No information available |
|
Custom Role Definitions Set up custom roles with tailored permissions. |
. | No information available |
Support, Training, & Documentation
(0 Yes /0 Known /7 Possible features)
|
User Onboarding Flow Guided onboarding tours and tutorials for new users. |
. | No information available |
|
Context-Sensitive Help In-app help that adjusts to context or screen. |
. | No information available |
|
24/7 Customer Support Access to vendor support at all times. |
. | No information available |
|
Community Forum/Knowledge Base Searchable resource for best practices, FAQs. |
. | No information available |
|
Documentation Completeness Level of detail in documentation provided. |
. | No information available |
|
Training Materials Available Provision of videos, webinars, and other learning resources. |
. | No information available |
|
Onsite Training Option Option for live, instructor-led training at customer location. |
. | No information available |
Facultative Placement Systems for Reinsurance
Tools that streamline the process of placing individual risks with reinsurers, including submission preparation, quote management, and binding documentation.
More Facultative Placement Systems
More Reinsurance ...
Submission Management
(0 Yes /0 Known /14 Possible features)
|
Automated Submission Preparation Ability to auto-populate submission documents using integrated policy and risk data. |
. | No information available |
|
Document Upload & Management Supports uploading, storing, and organizing supporting documents (e.g., risk engineering reports, schedules). |
. | No information available |
|
Version Control Tracks and manages different versions of the submission documents. |
. | No information available |
|
Submission Tracking Monitors the status and progression of submissions across reinsurers. |
. | No information available |
|
Pre-submission Validation Checks for completeness and accuracy before submission to reinsurers. |
. | No information available |
|
Batch Submission Handling Ability to manage and submit multiple facultative risks simultaneously. |
. | No information available |
|
Integration with Core Insurance Systems Connects to policy administration and underwriting systems for data extraction. |
. | No information available |
|
Customizable Templates Allows creation and reuse of customized submission templates. |
. | No information available |
|
Automated Email Notifications System triggers notifications on status updates or actions required. |
. | No information available |
|
Submission Turnaround Time Average time taken from creation to successful dispatch of submission. |
. | No information available |
|
Multi-language Support Ability to produce submissions in different languages. |
. | No information available |
|
Digital Signature Integration Supports legally binding electronic signatures on submissions. |
. | No information available |
|
Audit Trail for Submission Maintains a detailed record of who made what changes and when. |
. | No information available |
|
Data Privacy & Encryption for Submissions Ensures confidentiality via secure transmission and storage. |
. | No information available |
Quote Management
(0 Yes /0 Known /13 Possible features)
|
Quote Request Automation Automates the process of sending quote requests to multiple reinsurers. |
. | No information available |
|
Real-time Quote Tracking Displays current status and responses from reinsurers in real time. |
. | No information available |
|
Quote Comparison Tools Provides side-by-side comparison of financial terms, conditions, and exclusions from various reinsurers. |
. | No information available |
|
Negotiation Tracking Tracks negotiation history and provides a record of changes to quoted terms. |
. | No information available |
|
Automated Acceptance & Decline Allows users to auto-accept or decline quotes based on set criteria. |
. | No information available |
|
Quote Versioning Maintains multiple versions of received quotes for the same risk. |
. | No information available |
|
Communication History Stores all correspondence with reinsurers regarding quotations. |
. | No information available |
|
Customizable Quote Evaluation Scoring Automated scoring of quotes based on configurable rules. |
. | No information available |
|
Quote Turnaround Time Average time from quote request to receipt of response. |
. | No information available |
|
Conflict Detection Alerts users to conflicting terms or capacity constraints. |
. | No information available |
|
Integration with Market Platforms/Exchanges Direct connection to market-facing portals (e.g., Lloyd's PPL, Whitespace). |
. | No information available |
|
Regulatory Compliance for Quotes Checks that all quotes conform to relevant regulatory and market standards. |
. | No information available |
|
Bulk Quote Handling Manages multiple quotes for portfolios or groups of risks. |
. | No information available |
Placement Binding & Documentation
(0 Yes /0 Known /11 Possible features)
|
Electronic Binding Allows users to bind coverage via electronic methods (e.g., e-signature, e-approval). |
. | No information available |
|
Automated Binding Documentation Generation Automatically creates contract wordings, slips, cover notes, and certificates post-bind. |
. | No information available |
|
Digital Archive of Bound Placements Stores bound documents securely and allows easy retrieval. |
. | No information available |
|
Binding Capacity Validation Checks aggregate limits, treaty overlaps, and placement constraints at binding. |
. | No information available |
|
Automated Confirmation to Reinsurers Sends confirmation notices to all parties upon completion of placement. |
. | No information available |
|
Wordings Library Provides access to a library of standard and custom clauses and contract wordings. |
. | No information available |
|
Endorsement Management Facilitates creation, issuance, and versioning of endorsements post-bind. |
. | No information available |
|
Audit Log for Bind Events Records all binding actions and document accesses for auditability. |
. | No information available |
|
Multi-party Binding Support Accommodates placement with multiple reinsurers (lead/follow market structure). |
. | No information available |
|
Market-standard Output Formats Generates outputs compatible with market requirements (PDF, ACORD, e-slips, etc.). |
. | No information available |
|
Policy Wordings Compliance Check Ensures generated contract documents comply with regulations and market standards. |
. | No information available |
Workflow & Collaboration
(0 Yes /0 Known /10 Possible features)
|
Role-based Access Control Ability to limit users' access and actions according to job functions. |
. | No information available |
|
Task Assignment & Tracking Assigns responsibilities and tracks progress across the team. |
. | No information available |
|
Customizable Workflows Configure process stages, approvals, and notifications based on business rules. |
. | No information available |
|
Real-time Collaboration Tools In-system chat, notes, shared editing, and notifications for teams. |
. | No information available |
|
Automated Reminders & Escalations System triggers alerts for deadlines and overdue tasks. |
. | No information available |
|
Workflow Duration Tracking Captures time taken at each workflow stage for optimization. |
. | No information available |
|
Approval Matrix Defines who can approve actions at each workflow stage. |
. | No information available |
|
Auditability of Workflow Actions Full traceability on all actions and decisions made during the placement process. |
. | No information available |
|
Commenting & Tagging Add comments and tag teammates for specific review or action. |
. | No information available |
|
Mobile Workflow Support Access and act on workflow items from mobile devices. |
. | No information available |
Integration & Interoperability
(0 Yes /0 Known /9 Possible features)
|
API Availability Provides APIs for data exchange with external systems. |
. | No information available |
|
Data Import & Export Options Supports import/export of risk, quote, and policy data in multiple formats (CSV, XML, JSON, ACORD). |
. | No information available |
|
Core Insurance Policy System Integration Bi-directional integration with core policy administration systems. |
. | No information available |
|
Document Management System (DMS) Integration Connects with enterprise DMS solutions for unified document control. |
. | No information available |
|
Single Sign-On (SSO) Support Allows access control through enterprise sign-on protocols. |
. | No information available |
|
Pre-built Market Platform Connectivity Has connectors for global reinsurance platforms and electronic markets. |
. | No information available |
|
Notification Service Integration Connects with email/SMS/Messaging systems for automated notifications. |
. | No information available |
|
Business Intelligence Tool Integration Supports plug-ins for analytics and reporting platforms. |
. | No information available |
|
Custom Connector Capability Ability to build custom data connectors for non-standard systems. |
. | No information available |
Security & Compliance
(0 Yes /0 Known /8 Possible features)
|
Data Encryption at Rest and in Transit Ensures all sensitive data is fully encrypted. |
. | No information available |
|
Role-based Security Policies Customizable access restrictions based on user roles. |
. | No information available |
|
Multi-factor Authentication Supports multi-factor authentication for user access. |
. | No information available |
|
Compliance Certifications Compliance with standards (GDPR, SOC 2, ISO 27001, etc.). |
. | No information available |
|
Secure Audit Logs Immutable logs for all system and data access events. |
. | No information available |
|
Automatic Session Timeout Terminates sessions after periods of inactivity. |
. | No information available |
|
IP Whitelisting & Blacklisting Controls system access based on allowed/restricted IP addresses. |
. | No information available |
|
Data Retention Policy Controls Configurable data retention and purging to comply with internal and regulatory rules. |
. | No information available |
Analytics & Reporting
(0 Yes /0 Known /7 Possible features)
|
Placement Success Rate Reporting Calculates and displays the percentage of successfully placed facultative submissions. |
. | No information available |
|
Market Intelligence Dashboards Visualizations and metrics on reinsurer participation, pricing, and response times. |
. | No information available |
|
Custom Report Builder Allows users to design bespoke operational and regulatory reports. |
. | No information available |
|
Drill-down Risk Analytics Enables granular analysis by account, territory, class of business, etc. |
. | No information available |
|
Exportable Reports Reports can be exported in various formats (Excel, PDF, CSV). |
. | No information available |
|
Deal Lifecycle Analysis Tracks and analyzes each stage from submission through binding for process improvement. |
. | No information available |
|
Regulatory & Compliance Reporting Pre-built reports for regulatory authorities or management. |
. | No information available |
User Experience (UX) & Interface
(0 Yes /0 Known /7 Possible features)
|
Modern Intuitive User Interface Provides up-to-date, easy-to-navigate interface with clear workflows. |
. | No information available |
|
Global Search Functionality Allows users to search submissions, quotes, documents, and contracts. |
. | No information available |
|
Customizable Dashboard Lets users personalize their start and summary screens. |
. | No information available |
|
Accessibility Compliance Meets accessibility requirements (WCAG 2.1, ADA, etc.). |
. | No information available |
|
Multi-language and Localization Support UI supports multiple languages and regional formats. |
. | No information available |
|
Mobile Responsiveness Optimized for use on tablets and smartphones. |
. | No information available |
|
Contextual Help and Guided Tours Embedded guides and help features assist new users. |
. | No information available |
Capacity & Performance
(0 Yes /0 Known /5 Possible features)
|
Maximum Simultaneous Submissions Supported The upper limit of risk submissions the system can handle concurrently. |
. | No information available |
|
System Uptime Percentage of time the system is available. |
. | No information available |
|
Average Page Load Speed System response speed for end users. |
. | No information available |
|
Batch Processing Capability Supports bulk uploads, submissions, and document generation. |
. | No information available |
|
Latency in Integration Workflows Delay for data sync with integrated systems. |
. | No information available |
Market Connectivity
(0 Yes /0 Known /6 Possible features)
|
API Integration with Reinsurer Platforms System can push/pull data directly with reinsurers' own placement systems. |
. | No information available |
|
Direct Link to Market Exchanges Connection to recognized (re)insurance placement platforms (e.g., PPL, Whitespace, Ruschlikon). |
. | No information available |
|
Message-based Communication Support Compatible with ACORD, Ebix, or other industry standard messaging. |
. | No information available |
|
E-broking Integration Works with broking tools for digital broking workflows. |
. | No information available |
|
Automated Market Notifications Sends and receives structured notifications (invitations, confirmations, endorsements). |
. | No information available |
|
Sanctions & KYC API Accessibility Checks sanctioned entities and performs KYC through third-party API connection. |
. | No information available |
Support & Configuration
(0 Yes /0 Known /7 Possible features)
|
Multi-entity/Broker Structure Support Ability to service multiple legal entities or broking offices within the same installation. |
. | No information available |
|
Configurable Business Rules Allows users to set their own business logic for routing, approvals, and data validation. |
. | No information available |
|
User Support Resources Self-serve knowledgebase, user manuals, and FAQs provided. |
. | No information available |
|
24/7 Support Availability System vendor provides around-the-clock technical support. |
. | No information available |
|
Release Management & Upgrades Regular, seamless updates and upgrades with minimal user disruption. |
. | No information available |
|
Sandbox/Test Environment Sandboxes for user testing new features and workflows. |
. | No information available |
|
Data Migration Tools Utilities for mapping and transferring data from legacy systems. |
. | No information available |
This data was generated by an AI system. Please check
with the supplier. More here
While you are talking to them, please let them know that they need to update their entry.