ALIP Policy Administration
Operate faster, smarter and easier with a policy administration system that accelerates new product delivery and excels at customer service.
Enable full in-force processing
- Claims and payout
- Cash management
- Billing
- Contract management
- Fund management
- Transaction management
- Tax and regulatory
- Quotes and inquiries
- Correspondence
- Accounting
Speed to market via library of prebuilt templates
- Out-of-the-box-product templates—preconfigured and production tested—accelerate product introduction
- Preconfigured rules around new product features, riders and benefits easily adapt to your product structure and calculations
- Preconfigured templates drive efficiency and more effective business process management when managing your policies
Enhance customer service through productivity gains
- Workbenches available to tailor customer management and contract management
- Configure and modify business process and quoting pages for your needs
- Functional access by user type and individual user
- Approvals, requirements and follow-ups controlled by business rules configuration
Accelerate introduction with product configuration
- Modern workbench and workflow to create, modify and view products
- Actuarial calculation engine to support your complex formulas and product tables
- Robust product, transaction and fund components to allow definition of your specific product needs
- Product testing debugger and workbench for product mechanics and values testing
Improve operational efficiency with business configuration
- Modern workbench for designing, visualizing and modifying business rules
- Easily create web pages without a web developer or programmer
- Flexible workflow configuration for all your business processes
- Workbench provides rules testing, monitoring and execution comparison capabilities
Expand your digital footprint
- Integrated self-service portal
- Analytics insights and predictive modeling
- Personalized customer communications
- Real-time data access