Featured Vendors (april-june) - 2023

In this day and age, delivering products into the hands of customers quickly and responding to their rising demands for transformation have become the cornerstone of success. To thrive in the market and maintain products’ flexibility, insurers are on the lookout for fast launch methodologies, and also configurable systems that can be managed by business users. Previously, conventional policy administration systems were built in a monolithic manner with no attention to collaboration or customer experience, and little to no capabilities to incorporate outside the back-office world. As the insurers hit the accelerator on obtaining modern capabilities, there has been an evident shift in policy administration requirements over the past few years. With growing customer expectations and the necessity of digital transformation, insurers realized that they require a policy administration that is flexible and quick, strengthens efficiency, and can connect to any system quite easily.

Not to mention, many modern technologies are common in the market today that will boost return on investment for carriers. Additionally, embracing technologies such as Robotic Process Automation (RPA) will command process optimization and reduce costs. Artificial Intelligence (AI) will improve automated decisionmaking and the binding process. Advanced analytics and data are single-handedly modifying the power of understanding a carrier’s book of business, identifying exposure, and informing actions needed to increase revenue.

Similarly, there are numerous other emerging technologies carriers can take advantage of, such as machine learning, the Internet of Things (IoT), and others, as well as insurtech services. These rising technologies are forcing insurers to shift towards a new level of transparency and innovation in their systems. The journey towards expanding product capabilities, leveraging new distribution channels, penetrating new markets while upgrading efficiency and reducing costs, is being encouraged by these innovations. Moreover, policy administration should stay apace with these trends and open their architectures to enable the smooth incorporation of new technologies and services.

In this edition of Insurance Business Review, we bring you the top 10 policy administration solution and service providers that transform the industry. This edition features insightful articles that emphasize on the manifold benefits of using the latest technologies for better results.

Let us know your thoughts!

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BriteCore

BriteCore was built from the ground up using the latest modern technology. Deployed using the Amazon Web Services cloud, its enterprise-level software is continually updated to guarantee maximum security, efficiency, and durability at scale. BriteCore empowers users with robust and flexible software tools that increase their overall productivity via a single, web-based platform that effectuates seamless, uninterrupted process flows throughout the organization. The company has further invested heavily in ensuring that its platform is easily accessible through several APIs for quick technological integrations

Our cloud platform gives clients the resilience and flexibility they need to face challenging environments and deploy products rapidly

Jonathan Kitchin, SVP of Operations
BriteCore

BriteCore was built from the ground up using the latest modern technology. Deployed using the Amazon Web Services cloud, its enterprise-level software is continually updated to guarantee maximum security, efficiency, and durability at scale. BriteCore empowers users with robust and flexible software tools that increase their overall productivity via a single, web-based platform that effectuates seamless, uninterrupted process flows throughout the organization. The company has further invested heavily in ensuring that its platform is easily accessible through several APIs for quick technological integrations
Our cloud platform gives clients the resilience and flexibility they need to face challenging environments and deploy products rapidly

Jonathan Kitchin, SVP of Operations,Springfield, MO
EIS Group

EIS Software is a company that enables many of the world’s leading insurers to innovate and operate like a tech company: fast, simple, agile

Insurers around the globe are looking to improve business processes and bring more value to every customer interaction in order to drive retention and growth

Alec Miloslavsky, Chairman and CEO
EIS Group

EIS Software is a company that enables many of the world’s leading insurers to innovate and operate like a tech company: fast, simple, agile
Insurers around the globe are looking to improve business processes and bring more value to every customer interaction in order to drive retention and growth

Alec Miloslavsky, Chairman and CEO,San Francisco, CA
Insuserve-1

Insuserve 1 is a Dallas, TX-based Insurance back-office outsourcing company with Remote Staffing services that provides its clients with insights and capabilities that boost their freedom to achieve better-quality results through a unique way of working, which we call the collaborative business experience. We are one of the growing offshore Insurance business process outsourcing company in India manages remote staffing services to Small to Large Businesses in the United States

our business is about people, not just processes. Companies that partner with Insuserve-1, aren’t just gaining processing capacity and capability, they’re adding Insuserve-1 people to their team. We stress the concept that outsourcing with is a way for agencies to shift their focus back to their customers by leaving the bulk of their policy administration tasks to us.”

Santosh B Kumaar, CEO
Insuserve-1

Insuserve 1 is a Dallas, TX-based Insurance back-office outsourcing company with Remote Staffing services that provides its clients with insights and capabilities that boost their freedom to achieve better-quality results through a unique way of working, which we call the collaborative business experience. We are one of the growing offshore Insurance business process outsourcing company in India manages remote staffing services to Small to Large Businesses in the United States
our business is about people, not just processes. Companies that partner with Insuserve-1, aren’t just gaining processing capacity and capability, they’re adding Insuserve-1 people to their team. We stress the concept that outsourcing with is a way for agencies to shift their focus back to their customers by leaving the bulk of their policy administration tasks to us.”

Santosh B Kumaar, CEO,McKinney, TX
LIDP

LIDP policy admin system, Titanium, provides life insurance carriers the ability to digitally transform while minimizing risk. Titanium is more than a core system for life insurance carriers, it meets the needs of their agents and field force as well as the needs of the modern consumer. As a 42-year expert in the life insurance industry LIDP’s new offering delivers a true end-to-end solution in one complete package. Digital agency, agent portal, new business, real time payments, e-issue, e-sign, e-deliver, automated underwriting, billing, payouts, claims, and several subsystem portals are just the beginning. This solution is meant to be the bridge that connects legacy insurance administration solutions to the next generation of buying and selling life insurance products

The Innovation Lab was born to expand LIDP’s digital capabilities and enhance their offerings. This was a welcome development for customers who were not previously able to jet issue policies or who uses multiple manual transactions through multiple systems

Kimberly Duke, CMO, and Vice President of Sales
LIDP

LIDP policy admin system, Titanium, provides life insurance carriers the ability to digitally transform while minimizing risk. Titanium is more than a core system for life insurance carriers, it meets the needs of their agents and field force as well as the needs of the modern consumer. As a 42-year expert in the life insurance industry LIDP’s new offering delivers a true end-to-end solution in one complete package. Digital agency, agent portal, new business, real time payments, e-issue, e-sign, e-deliver, automated underwriting, billing, payouts, claims, and several subsystem portals are just the beginning. This solution is meant to be the bridge that connects legacy insurance administration solutions to the next generation of buying and selling life insurance products
The Innovation Lab was born to expand LIDP’s digital capabilities and enhance their offerings. This was a welcome development for customers who were not previously able to jet issue policies or who uses multiple manual transactions through multiple systems

Kimberly Duke, CMO, and Vice President of Sales,Venice, FL
Quick Silver Systems

Quick Silver Systems offers state of the art 100% web-based Mercury Policy and Claims Administration System, built by insurance industry professionals for the P&C insurance carriers. This system provides end-to-end customizable solutions for rate, quote, bind, backend-processing like cancellations, renewals, etc. On the claims side, they cover first notice of loss, automated reserves, check payments, check printing processing and many more. Mercury Systems has a broad array of features that address the specific needs of a full-featured policy and claims solution, such as SMS messaging, a full document imaging system, workflow, etc., and includes these features as a part of the core system without additional charges

We are a one-stop-shop for insurance carriers looking to automate any line of business; providing a web-based and fully customizable system, for rate, quote, bind, backend processing, and claims processing, while reducing costs during implementation and eliminating our client’s need for multiple costly licenses

Sean Pitcher, Founder and CEO
Quick Silver Systems

Quick Silver Systems offers state of the art 100% web-based Mercury Policy and Claims Administration System, built by insurance industry professionals for the P&C insurance carriers. This system provides end-to-end customizable solutions for rate, quote, bind, backend-processing like cancellations, renewals, etc. On the claims side, they cover first notice of loss, automated reserves, check payments, check printing processing and many more. Mercury Systems has a broad array of features that address the specific needs of a full-featured policy and claims solution, such as SMS messaging, a full document imaging system, workflow, etc., and includes these features as a part of the core system without additional charges
We are a one-stop-shop for insurance carriers looking to automate any line of business; providing a web-based and fully customizable system, for rate, quote, bind, backend processing, and claims processing, while reducing costs during implementation and eliminating our client’s need for multiple costly licenses

Sean Pitcher, Founder and CEO,Bradenton, FL